Change - Announcement of Cessation::Cessation of service as Chief Executive Officer

Issuer & Securities

Issuer/ Manager
HO BEE LAND LIMITED
Securities
HO BEE LAND LIMITED - SG1H41875896 - H13
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Nov-2021 12:05:31
Status
New
Announcement Sub Title
Cessation of service as Chief Executive Officer
Announcement Reference
SG211109OTHRYBP6
Submitted By (Co./ Ind. Name)
Wince Fung
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of service as Chief Executive Officer

Additional Details

Name Of Person
Chua Thian Poh
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2022
Detailed Reason (s) for cessation
With the appointment of Mr Chua Wee-Chern Nicholas as Chief Executive Officer, Mr Chua Thian Poh's role as CEO shall cease with effect from 1 January 2022. Mr Chua Thian Poh shall be redesignated as Executive Chairman.
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
02/12/1999
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)
7
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman and CEO
Role and responsibilities
Mr Chua Thian Poh is the founder of Ho Bee Group. He is also currently the Chairman and CEO of the Group and in charge of the overall implementation of the the Group's strategies and policies.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Father of Mr Chua Wee-Chern Nicholas who will be appointed as Executive Director and CEO with effect from 1 January 2022.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Please refer to the announcement made on 15 September 2021 for details of Mr Chua's shareholding,
Past (for the last 5 years)
Please refer to Annex A
Present
Please refer to Annex B

Attachments

Annex_A_CTP.pdf
Annex_B_CTP.pdf
Total size =209K