Change - Announcement of Cessation::Retirement of Non-Executive and Independent Director

Issuer & Securities

Issuer/ Manager
HIAP HOE LIMITED
Securities
HIAP HOE LIMITED - SG1U37933462 - 5JK
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Jan-2024 18:37:27
Status
New
Announcement Sub Title
Retirement of Non-Executive and Independent Director
Announcement Reference
SG240102OTHRJAU3
Submitted By (Co./ Ind. Name)
Lee Yuan
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please refer to below details.

Additional Details

Name Of Person
Ronald Lim Cheng Aun
Age
77
Is effective date of cessation known?
Yes
If yes, please provide the date
02/01/2024
Detailed Reason (s) for cessation
To comply with Rule 210(5)(d)(iii) of the SGX Listing Manual (9 year independence rule) and to facilitate the renewal of Independent Directors on the Board, Mr Ronald Lim Cheng Aun will be stepping down as Non-Executive Chairman and Independent Director of the Company with effect from 2 January 2024, and he will concurrently relinquish his position as Chairman of the Nominating Committee, and member of the Audit and Risk Committee and Remuneration Committee.
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
28/04/2015
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Chairman
Chairman of the Nominating Committee
Member of the Audit and Risk Committee
Member of the Remuneration Committee
Role and responsibilities
Roles and responsibilities of a Non-Executive Chairman and Independent Director, Chairman of the Nominating Committee, Member of the Remuneration Committee and Member of the Audit and Risk Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
Viva Industrial Trust
Present
ESR-LOGOS Funds Management (S) Limited (ESR-LOGOS REIT)