Change - Announcement of Cessation::Cessation of Executive Director

Issuer & Securities

Issuer/ Manager
HANWELL HOLDINGS LIMITED
Securities
HANWELL HOLDINGS LIMITED - SG1V81937806 - DM0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2021 18:01:40
Status
New
Announcement Sub Title
Cessation of Executive Director
Announcement Reference
SG210429OTHR5MDB
Submitted By (Co./ Ind. Name)
Siau Kuei Lian
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Yeo See Liang as Executive Director

Additional Details

Name Of Person
Yeo See Liang
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2021
Detailed Reason (s) for cessation
Mr Yeo See Liang ("Mr Yeo") was subject to retirement pursuant to Regulation 93 of the Company's Constitution at the Annual General Meeting ("AGM") held on 29 April 2021 under Resolution 6 of the Notice of the AGM and such resolution was not carried at the AGM. Accordingly, Mr Yeo stepped down as a Director of the Company and ceased as Executive Director on 29 April 2021.

At the time of this announcement, Mr Yeo will continue to serve the Group as Chief Operating Officer and director for certain subsidiaries of the Company.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
26/02/2021
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Primary responsibilities include making major corporate decisions, managing the overall operations and resources, acting as the main point of communication between the board of directors and operations as well as fronting the Company in terms of investor relations and corporate communications. The Executive Director is required to plan and implement strategic direction of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
(1) Health Solutions International Pte. Ltd.
(2) Health Solutions Holdings Pte. Ltd.
(3) Topseller Development Pte Ltd
(4) Hanwell Holdings Limited
Present
(1) Tipex Pte. Ltd.
(2) Fortune Food Manufacturing Pte Ltd
(3) Fortune Food Manufacturing Sdn. Bhd.
(4) PSC International Pte Ltd
(5) PSC Investment Pte Ltd
(6) PSC Resort Pte Ltd
(7) Topseller Pte Ltd
(8) Econ Food Manufacturing (M) Sdn Bhd
(9) Fresh Fruit Juice Manufacturing (M) Sdn Bhd
(10) Palm Meadow Sdn. Bhd.
(11) Socma Trading (M) Sendirian Berhad