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
27-Apr-2018 19:29:59
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director
Announcement Reference
SG180427OTHRYVI8
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 Tan Huay Lim as an Independent Non-Executive Director at the 57th Annual General Meeting of the Company held on 27 April 2018.

Additional Details

Name Of Person
Tan Huay Lim
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
27-Apr-2018
Detailed Reason (s) for cessation
Mr Tan Huay Lim informed the Board that he would not be seeking re-election as a Non-Executive Director of the Company at the 57th AGM. Consequent to his retirement, Mr Tan also ceased to be the chairman of the Audit and Risk Committee ("ARC"), and a member of the 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
01-Oct-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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, chairman of the ARC and a member of the RC and SOSC.
Role and responsibilities
The role and responsibilities of an Independent Non-Executive Director, chairman and/or 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. Auric Pacific Group Limited
2. Singapore Hokkien Huay Kuan Cultural Academy Pte. Ltd.
3. Sun Yat Sen Nanyang Memorial Hall Company Limited
4. The Hokkien Foundation
5. Yunnan Realty Pte Ltd
Present
1. China Jinjiang Environment Holding Company Limited
2. Dasin Retail Trust Management Pte. Ltd.
3. Ren Ci Hospital
4. Singapore Hokkien Huay Kuan