Change - Announcement of Cessation::Resignation of Executive Director - Leung Hon Shing

Issuer & Securities

Issuer/ Manager
WILLAS-ARRAY ELEC (HLDGS) LTD
Securities
WILLAS-ARRAY ELEC (HLDGS) LTD - BMG9643L1349 - BDR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Aug-2023 19:00:52
Status
New
Announcement Sub Title
Resignation of Executive Director - Leung Hon Shing
Announcement Reference
SG230802OTHRRET7
Submitted By (Co./ Ind. Name)
Leung Hon Shing
Designation
Executive Director and Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Leung Hon Shing as Executive Director, Chief Financial Officer, Company Secretary and Authorised Representative.

Additional Details

Name Of Person
Leung Hon Shing
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
02/11/2023
Detailed Reason (s) for cessation
Since the recent significant shareholding and leadership changes in the Company, he has tried his best efforts to bridge the communication gap with the new leadership. Notwithstanding that Mr. Leung does not have any unresolved differences in opinion on material matters with the Board, in view of the lack of alignment with the new leadership, he has difficulty in discharging his duties effectively. As such, Mr. Leung is of the view that this would be an appropriate juncture for him to step down from his roles in the Company, and for the Board to appoint suitable candidate(s) to take on his roles.
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
31/07/2014
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)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Responsible for financial management and company secretarial matters of the Group.
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?
Yes
Shareholding Details
224,824 ordinary shares in Willas-Array Electronics (Holdings) Limited
Other Directorships
Past (for the last 5 years)
Please see attached APPENDIX.
Present
Please see attached APPENDIX.

Attachments

eWAE-20230802-Leung Hon Shing-Appendix.pdf
Total size =9K