Change - Announcement of Cessation::Resignation of Executive Director - Hon Kar Chun

Issuer & Securities

Issuer/ Manager
WILLAS-ARRAY ELEC (HLDGS) LTD
Securities
WILLAS-ARRAY ELEC (HLDGS) LTD - BMG9643L1349 - BDR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Aug-2023 18:26:56
Status
New
Announcement Sub Title
Resignation of Executive Director - Hon Kar Chun
Announcement Reference
SG230829OTHRD6C7
Submitted By (Co./ Ind. Name)
Leung Hon Shing
Designation
Executive Director and Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Hon Kar Chun as Executive Director, Managing Director, Member of Employee Share Option Scheme Committee and Authorised Representative.

Additional Details

Name Of Person
Hon Kar Chun
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
28/11/2023
Detailed Reason (s) for cessation
After the change of the single largest shareholder and the leadership of the Company, he has tried his very best to cope with the new working style, management and way of communication. However, it is not the way he can work with. As such, Mr. Hon is of the view that it is the right moment for him to step down and let the Board to form the best combination.
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
28/06/2013
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
7
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Responsible for developing and managing the sales and marketing operations 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?
Yes
Shareholding Details
292,080 ordinary shares in Willas-Array Electronics (Holdings) Limited
Other Directorships
Past (for the last 5 years)
Please see attached APPENDIX.
Present
Please see attached APPENDIX.

Attachments

Appendix - Hon.pdf
Total size =196K