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

Issuer & Securities

Issuer/ Manager
HOTUNG INVESTMENT HLDGS LTD
Securities
HOTUNG INVESTMENT HLDGS LTD - BMG4612P2085 - BLS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Apr-2017 18:24:07
Status
New
Announcement Sub Title
Cessation as Non-Executive Director
Announcement Reference
SG170413OTHRAPQN
Submitted By (Co./ Ind. Name)
Hsin-Chieh Chung
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please see details below.

Additional Details

Name Of Person
Cheng-Wang Huang
Age
87
Is effective date of cessation known?
Yes
If yes, please provide the date
13/04/2017
Detailed Reason (s) for cessation
Mr. Cheng-Wang Huang indicated his willingness not to seek re-election, and to accordingly retire as Director of the Company at the conclusion of the Annual General Meeting of the Company on April 13, 2017 pursuant to Bye-laws 94 and 95 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
06/03/1997
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)
2
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.)
Director
Role and responsibilities
Non-Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Father of Ms. Tsui-Hui Huang (Chairman, Managing Director and Executive Director of the Company)
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
The shareholding interests of Mr. Cheng-Wang Huang in Hotung Investment Holdings Limited and its subsidiaries are as follows:

He is deemed interested in 19,309,577 shares in Hotung Investment Holdings Limited, comprising (a) 17,415,100 shares held by Tai Lung Capital Inc.; and (b) 1,894,477 shares held by Chung Lung Investment Co., Ltd.
Past (for the last 5 years)
Hotung International Company Limited
Hotung Venture Capital Corporation
Daitung Development and Investment Corporation
Hotung Management International Limited
Cathay United Bank Company Limited
Present
Huitung Investments (BVI) Limited
Tai Lung Capital Inc.
Taiwan Tai Lung Trading Co., Ltd.
Tai Ling Motor Co., Ltd.
Yakult Taiwan Co., Ltd.
Bridgestone Taiwan Co., Ltd.
Taigene Electric Machinery Co., Ltd.