Change - Announcement of Cessation::Cessation of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
HONG LEONG ASIA LTD.
Securities
HONG LEONG ASIA LTD. - SG1F76860344 - H22
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Apr-2021 17:43:02
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director
Announcement Reference
SG210428OTHRO58U
Submitted By (Co./ Ind. Name)
Ng Siew Ping, Jaslin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Ernest Colin Lee as a Director at the 60th Annual General Meeting of the Company held on 28 April 2021 ("AGM").

Additional Details

Name Of Person
Ernest Colin Lee
Age
80
Is effective date of cessation known?
Yes
If yes, please provide the date
28-Apr-2021
Detailed Reason (s) for cessation
Mr Ernest Colin Lee retired as a Director at the Company's AGM pursuant to the Constitution of the Company. Consequent to his retirement, he also ceased to be the Lead Independent Director ("Lead ID"), the chairman of the Nominating Committee ("NC"), the Remuneration Committee ("RC") and the Hong Leong Asia Share Option Scheme 2000 Committee ("SOSC") as well as a member of the Audit and Risk Committee ("ARC").
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
03-Apr-2000
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Lead ID, Chairman of the NC, RC and SOSC, and a member of the ARC.
Role and responsibilities
As above.
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?
Yes
Shareholding Details
80,000 ordinary shares of Hong Leong Asia Ltd.
Past (for the last 5 years)
Hamsdale Australia Pty. Limited
Sugdon Fittings Pty. Ltd.
Present
Compact Engineers Pty. Ltd.