Change - Announcement of Cessation::Redesignation of Director from Executive Director to Non-Executive and Non-Independent Director
Issuer & Securities
HATTEN LAND LIMITED
HATTEN LAND LIMITED - SG2D90976473 - PH0
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Redesignation of Director from Executive Director to Non-Executive and Non-Independent Director
Submitted By (Co./ Ind. Name)
Chua Hanyang, Isaac
Description (Please provide a detailed description of the event in the box below)
Redesignation of Director from Executive Director to Non-Executive Director.
In relation to the number of cessations of appointments specified in Catalist Rule 704(6) over the past 12 months, the number of cessations of appointments specified in Catalist Rule 704(6) over the past 12 months does not include the cessations pursuant to the completion of the acquisition of Sky Win Management Consultancy Pte Ltd on 24 January 2017.
Hatten Land Limited (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 26 January 2017 via a reverse take-over ("RTO"). The financial adviser for the RTO was UOB Kay Hian Private Limited (the "Sponsor").
This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.
The contact persons for the Sponsor are Mr Alvin Soh, Head of Catalist Operations, Senior Vice President, and Mr Josh Tan, Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.
Name Of Person
Lee Sok Khian John
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
For personal reasons.
The Companys sponsor, UOB Kay Hian Private Limited, after having interviewed Mr Lee Sok Khian John, is not aware of any other material reasons for the redesignation of Mr Lee from Executive Director to Non-Executive Director.
In addition, there are no concerns with regards to financial reporting that led to the redesignation of Mr Lee and there are no disagreements between Mr Lee and the Companys Board of Directors with regard to practices that will have a material impact to the Group s financial reporting.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Role and responsibilities
Executive. Mr Lee oversees the corporate and financial functions of the Company and its subsidiaries.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
Nagasvaraja Pte. Ltd .
Koh Brothers Group Limited