Change - Announcement of Cessation::RETIREMENT OF INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
HO BEE LAND LIMITED
Securities
HO BEE LAND LIMITED - SG1H41875896 - H13
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Apr-2017 19:04:00
Status
New
Announcement Sub Title
RETIREMENT OF INDEPENDENT DIRECTOR
Announcement Reference
SG170425OTHRZH9L
Submitted By (Co./ Ind. Name)
Tan Sock Kiang
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
RETIREMENT OF INDEPENDENT DIRECTOR

Additional Details

Name Of Person
Ch'ng Jit Koon
Age
83
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2017
Detailed Reason (s) for cessation
Mr Ch'ng Jit Koon, an independent director of the Company, retired under Article 105 of the Company's Constitution at the conclusion of the Annual General Meeting held on 25 April 2017 and ceased to be a member of the Audit & Risk Committee and the 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
12/11/1999
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director
Member of Audit & Risk Committee
Member of Remuneration Committee
Role and responsibilities
Non-Executive Independent Director
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
420,000 shares of Ho Bee Land Limited
Past (for the last 5 years)
(1) Independent Director of Tung Lok Restaurants (2000) Ltd
(2) Non-Executive Chairman of Tropical One Pte Ltd
(3) Non-Executive Chairman of Conference & Exhibition Management Services Pte Ltd
(4) Director of Progen Pte Ltd
(5) Director of D.B. Progen Servicing Pte Ltd
(6) Director of Business China
Present
(1) Non-Executive Chairman of Pan-United Corporation Ltd.
(2) Independent Director of Progen Holdings Limited
(3) Independent Director of Santak Holdings Limited
(4) Member of Chinese Development Assistance Council Board of Trustees
(5) Member of Singapore Hokkien Huay Kuan Board of Governors
(3) Director of Ho Bee Foundation
(5) Director of Mee Toh Foundation Limited