Change - Announcement of Cessation::Change - Announcement of Cessation

Issuer & Securities

Issuer/ Manager
HOE LEONG CORPORATION LTD.
Securities
HOE LEONG CORPORATION LTD. - SG1S47927920 - H20
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Jun-2020 19:34:03
Status
New
Announcement Sub Title
Change - Announcement of Cessation
Announcement Reference
SG200624OTHRG8QO
Submitted By (Co./ Ind. Name)
Choy Bing Choong
Designation
Lead Independent Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Liew Yoke Pheng, Joseph as a Director, Board Chairman and a member of Nominating Committee of the Company.

Additional Details

Name Of Person
Liew Yoke Pheng, Joseph
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
24/06/2020
Detailed Reason (s) for cessation
The resolution for his re-election was not passed at the Annual General Meeting held on 24 June 2020. Mr Liew will, however, remain as the CEO 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
23/10/2019
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 Chairman, CEO and member of the Nominating Committee.
Role and responsibilities
Oversee the overall management and operations of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
1. Innovalues Limited
2. Sage Software Asia Pte Ltd
3. Sage Singapore Holdings Pte
Ltd and
4. Sage Software Solutions Pte
Ltd
Present
1. Grand Venture Technology Limited
2. LEW Foundation
3. Char Yong (Dabu) Foundation
4. Tianjin Zhong Xin Pharmaceutical Group
5. Shanghai Turbo Enterprises Ltd