Change - Announcement of Cessation::Cessation of Mr Hew Lien Lee as Chief Operating Officer

Issuer & Securities

Issuer/ Manager
FU YU CORPORATION LIMITED
Securities
FU YU CORPORATION LTD - SG1B56010922 - F13
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Feb-2023 17:17:03
Status
New
Announcement Sub Title
Cessation of Mr Hew Lien Lee as Chief Operating Officer
Announcement Reference
SG230213OTHRXUDC
Submitted By (Co./ Ind. Name)
Janet Tan
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Hew Lien Lee ("Mr Hew") as Chief Operating Officer of the Company with effect from 15 February 2023.

Additional Details

Name Of Person
Hew Lien Lee
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
15/02/2023
Detailed Reason (s) for cessation
Following the appointment of Mr Jason Lim as Chief Operating Officer of the Company with effect from 15 February 2023, Mr Hew will cease to be Chief Operating Officer of the Company. Mr Hew will continue as Executive Director and Chief Executive Officer 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
22/03/2007
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.)
Executive Director, Chief Executive Officer and Chief Operating Officer
Role and responsibilities
Mr Hew was appointed as an Executive Director and Chief Operating Officer of the Company on 22 March 2007, and promoted to Chief Executive Officer on 26 February 2016. He has over 40 years of experience in the plastic injection moulding industry and is in charge of the overall strategic direction and management of the manufacturing business segment. After joining Fu Yu in 1984, he was appointed as Managing Director of LCTH Corporation Sdn Bhd and played a key role in the successful expansion of its operations in Malaysia. Mr Hew has been instrumental in the strategic development and growth of the Group's manufacturing business.

Mr Hew will continue as an Executive Director and Chief Executive Officer 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?
Yes
Shareholding Details
Direct interest of 4,000,000 ordinary shares (representing 0.53% shareholding interest) in Fu Yu Corporation Limited
Other Directorships
Past (for the last 5 years)
- Fu Yu Moulding & Trading (Chongqing) Co., Ltd
Present
- Fu Yu Ventures Pte Ltd
- Fu Yu Investment Pte Ltd
- LCTH Corporation Sdn Bhd
- Classic Advantage Sdn Bhd
- Fu Hao Manufacturing (M) Sdn Bhd
- Fu Yu Moulding & Tooling (Zhuhai) Co., Ltd
- Fu Yu Moulding & Tooling (Dongguan) Co., Ltd
- Fu Yu Moulding & Tooling (Suzhou) Co., Ltd
- Fu Yu Moulding & Tooling (Shanghai) Co., Ltd