Change - Announcement of Cessation::Resignation of Executive Director

Issuer & Securities

Issuer/ Manager
HG METAL MANUFACTURING LIMITED
Securities
HG METAL MANUFACTURING LTD - SG1CH7000000 - BTG
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Apr-2023 17:35:36
Status
New
Announcement Sub Title
Resignation of Executive Director
Announcement Reference
SG230426OTHRX7B9
Submitted By (Co./ Ind. Name)
Kesavan Nair
Designation
Independent Non-Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Resignation of Executive Director

Additional Details

Name Of Person
Foo Sey Liang
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
27/04/2023
Detailed Reason (s) for cessation
To pursue other personal interests. Mr Foo Sey Liang will remain as non-Executive Director to facilitate handover to the new Executive Director and Chief Executive Officer.
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
10/04/2014
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
Role and responsibilities
Mr Foo Sey Liang is responsible for developing and monitoring strategies to ensure financial viability of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Deemed to be interested in the 28,405,000 Shares held by Flame Gold International Limited, by virtue of Section 7 of the Companies Act
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Deemed interest in 28,405,000 shares
Past (for the last 5 years)
Directorships: BRC Asia Limited

Other Principal Commitments: Nil
Present
(on 31 December 2022):
Directorships:
Unicos Tech Pte. Ltd.
Visworx Sdn Bhd.

Other Principal Commitments: Nil