Change - Announcement of Cessation::Retirement of Executive Chairman

Issuer & Securities

Issuer/ Manager
TA CORPORATION LTD.
Securities
TACORP S$27M6%N260726 - SGXF74214317 - MCLB
TA CORPORATION LTD - SG2D87975520 - PA3
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Jul-2024 18:02:37
Status
New
Announcement Sub Title
Retirement of Executive Chairman
Announcement Reference
SG240725OTHRMPAS
Submitted By (Co./ Ind. Name)
Tam Siew Kheong/ Foo Soon Soo
Designation
Chief Financial Officer/ Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Liong Kiam Teck as Executive Chairman of the Company.

Additional Details

Name Of Person
Liong Kiam Teck
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
25/07/2024
Detailed Reason (s) for cessation
Retired and did not seek re-election at the Company s Annual General Meeting held on 25 July 2024.
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
07/03/2011
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman
Role and responsibilities
As the Executive Chairman, Mr Liong is responsible for the overall development of the Company's corporate direction and policies and plays an active role in the development, maintenance and strengthening of client relations. His other responsibilities also include overall business development, strategic planning, and project management.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Brother of Group CEO and Executive Director - Mr. Neo Tiam Boon,
Alternate Director - Mr. Neo Tiam Poon @ Neo Thiam Poon and
Alternate Director - Mr. Neo Thiam An
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct Interest of 174,187,102 ordinary shares in TA Corporation Ltd.
Other Directorships
Past (for the last 5 years)
None
Present
Present 1. Sinotac Group Pte. Ltd. Director
2. Cadence Properties Pte. Ltd. Director
3. Matsushita Greatwall Corporation Pte. Ltd. Director
4. Tac Marketing Pte. Ltd. Director
5. Sherwinn Investments Pte. Ltd. Director