Change - Announcement of Cessation::Retirement of Mr Leslie Mah Kim Loong as Director

Issuer & Securities

Issuer/ Manager
HOTEL PROPERTIES LIMITED
Securities
HOTEL PROPERTIES LTD - SG2P14002527 - H15
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Apr-2024 21:26:45
Status
New
Announcement Sub Title
Retirement of Mr Leslie Mah Kim Loong as Director
Announcement Reference
SG240430OTHRX6VI
Submitted By (Co./ Ind. Name)
Joanna Lim
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Leslie Mah Kim Loong as Director on 30 April 2024 at the close of Hotel Properties Limited ("HPL") Annual General Meeting (AGM).

Additional Details

Name Of Person
Leslie Mah Kim Loong
Age
80
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2024
Detailed Reason (s) for cessation
Mr Leslie Mah Kim Loong will retire by rotation and not seek re-election at the HPL AGM to be held on 30 April 2024 to facilitate Board renewal of directors pursuant to corporate governance principles as well as the SGX ruling on tenure of independent directors. Mr Leslie Mah Kim Loong will also relinquish his position as Chairman of both the Audit and Nominating Committees, accordingly.
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
05/08/1997
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director
Audit Committee Chairman
Nominating Committee Chairman
Role and responsibilities
Non-Executive Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Stamford Tyres Corporation Ltd
Present
Lam Soon (M) Bhd