Change - Announcement of Cessation::Dr. Lee Kuo Chuen is stepping down as Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
HONG LAI HUAT GROUP LIMITED
Securities
HONG LAI HUAT GROUP LIMITED - SG1EE1000009 - CTO
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Apr-2023 17:35:39
Status
New
Announcement Sub Title
Dr. Lee Kuo Chuen is stepping down as Independent Non-Executive Director
Announcement Reference
SG230405OTHRVFR4
Submitted By (Co./ Ind. Name)
Dato' Dr. Ong Bee Huat
Designation
Executive Deputy Chairman and Group CEO
Description (Please provide a detailed description of the event in the box below)
Dr. Lee Kuo Chuen is stepping down as Independent Non-Executive Director, Chairman of the Remuneration Committee and Member of the Audit Committee and Nominating Committee.

Additional Details

Name Of Person
Dr. Lee Kuo Chuen
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2023
Detailed Reason (s) for cessation
Dr. Lee Kuo Chuen has decided to step down as an Independent Non-Executive Director after the conclusion of the forthcoming AGM, having served the Board for 11 years.
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
30/04/2012
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)
2
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.)
Independent Non-Executive Director, Chairman of the Remuneration Committee and Member of the Audit Committee and Nominating Committee.
Role and responsibilities
Please refer to the above.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Left Coast Company, LLC
Lu International (Singapore) Financial Asset Exchange Pte. Ltd.
ICOAGE Limited
SHS Holdings Ltd.
Present
DLEE Capital Management Pte Ltd
BlockAsset Management Pte. Ltd.
Global FinTech Institute Ltd.
Blockchain Association of Singapore Ltd.
(formerly known as Blockchain Enterprises and Scalable Technologies Association Ltd.)
SmartMesh Foundation Pte. Ltd.
Meshbox Foundation Pte. Ltd.
Rule72 Pte. Ltd. (formerly known as Zilliqa Capital Pte. Ltd.)
ETORO Singapore Pte. Ltd.