Change - Announcement of Cessation::Cessation of Independent and Non-Executive Director - Mr Tham Chee Soon

Issuer & Securities

Issuer/ Manager
HWA HONG CORPORATION LIMITED
Securities
HWA HONG CORPORATION LIMITED - SG1H85877246 - H19
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Apr-2022 18:32:55
Status
New
Announcement Sub Title
Cessation of Independent and Non-Executive Director - Mr Tham Chee Soon
Announcement Reference
SG220418OTHR6XB1
Submitted By (Co./ Ind. Name)
Gwendolin Lee Soo Fern
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent and Non-Executive Director - Mr Tham Chee Soon

Additional Details

Name Of Person
Tham Chee Soon
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
18/04/2022
Detailed Reason (s) for cessation
Mr Tham, who was retiring by rotation in accordance with Regulation 113 of the Constitution of the Company and Rule 720(5) of the Listing Manual of the Singapore Exchange Securities Trading Limited, was not re-appointed at the Company's Annual General Meeting held on 18 April 2022 (the "Company's AGM").
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?
Yes
If Yes, Please provide full details
Mr Tham would like to provide the following statement:

"At its meeting on 27 January 2022, the Nominating Committee recommended to the Board to approve Mr Tham's re-election as a Non-Executive Independent Director at the Company's AGM.

The Board, at its meeting on 28 January 2022, accepted the Nominating Committee's recommendation for Mr Tham's re-election as a Non-Executive Independent Director at the Company's AGM. Consequently, Resolution 5 was tabled for shareholders' approval at the Company's AGM.

Had the Board not accepted the Nominating Committee's recommendation to approve Mr Tham's re-election as a Non-Executive Independent Director at the Company's AGM, Mr Tham would not have consented to seek re-election at the Company's AGM."
Date of Appointment to current position
22/05/2020
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
- Independent and Non-Executive Director
- Chairman of the Audit & Risk Committee
- Member of the Nominating Committee
Role and responsibilities
Role and responsibilities as an Independent Non-Executive Director, as well as Chairman of the Audit & Risk Committee and member of the Nominating Committee.
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
Other Directorships
Past (for the last 5 years)
-Fragrance Group Limited
Present
- ecoWise Holdings Limited
- iCFO Advisors Pte. Ltd.
- Temenggong Artists-in-Residence Ltd
- The Teng Ensemble Ltd