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

Issuer & Securities

Issuer/ Manager
HONG LEONG ASIA LTD.
Securities
HONG LEONG ASIA LTD. - SG1F76860344 - H22
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Apr-2017 20:02:54
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director
Announcement Reference
SG170428OTHRZ4WG
Submitted By (Co./ Ind. Name)
Ng Siew Ping, Jaslin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Goh Kian Hwee as an Independent Non-Executive Director at the 56th Annual General Meeting of the Company ("AGM") held on 28 April 2017.

Additional Details

Name Of Person
Goh Kian Hwee
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2017
Detailed Reason (s) for cessation
Mr Goh Kian Hwee informed the Board that he would not be seeking re-election as a Non-Executive Director of the Company at the 56th AGM. Consequent to his retirement, Mr Goh also ceased to be a member of the Audit Committee ("AC"), Nominating Committee ("NC"), Remuneration Committee ("RC") and Hong Leong Asia Share Option Scheme 2000 Committee ("SOSC").
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
15/03/2004
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)
2
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 Non-Executive Director and a member of the AC, NC, RC and SOSC.
Role and responsibilities
The role and responsibilities of an Independent Non-Executive Director and as a member of the specified board committees as mentioned above.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
1. Hwa Hong Corporation Limited
2. Wah Hin and Company Private Limited
Present
Please see attached Appendix A.

Attachments