Change - Announcement of Cessation::Retirement of Director at the Annual General Meeting-Lee Tong Soon

Issuer & Securities

Issuer/ Manager
PAVILLON HOLDINGS LTD.
Securities
PAVILLON HOLDINGS LTD. - SG1I46882631 - 596
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Apr-2022 17:54:32
Status
New
Announcement Sub Title
Retirement of Director at the Annual General Meeting-Lee Tong Soon
Announcement Reference
SG220426OTHRV5YA
Submitted By (Co./ Ind. Name)
Dr John Chen Seow Phun
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
The Company would like to announce the retirement of Mr Lee Tong Soon as a Director of the Company with effect from the conclusion of the Annual General Meeting ("AGM") held on 26 April 2022 as Resolution 4 relating to the re-election of Mr Lee Tong Soon was not passed by Shareholders at the AGM.

Accordingly, Mr Lee Tong Soon ceased to be Managing Director of the Company effective from 26 April 2022.

The Board would like to take this opportunity to record their heartfelt appreciation and thanks to Mr Lee Tong Soon for his valuable contributions and wishes him all the best in his future endeavours.

Additional Details

Name Of Person
Lee Tong Soon
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2022
Detailed Reason (s) for cessation
Mr Lee Tong Soon was not re-elected by Shareholders at the Annual General Meeting ("AGM") held on 26 April 2022. Accordingly, Mr Lee Tong Soon retires as a Director of the Company and ceased to be Managing Director of the Company with effect from the conclusion of the AGM held on 26 April 2022.
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
15/11/1999
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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.)
Managing Director
Role and responsibilities
Mr Lee is instrumental in the Group s expansion and has been shaping the development and growth of the Group's operations
since 1991.
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?
Yes
Shareholding Details
Mr Lee Tong Soon holds 24,135,526 ordinary shares and is deemed interested in 12,500 ordinary shares which are held by his daughter, Miss Lee Chun Hui, Crystal.
Past (for the last 5 years)
Thai Village (China) Pte. Ltd.
Shanghai Thai Village Restaurant Management Co., Ltd.
Thai Village Restaurant (Shanghai) Co., Ltd.
Tianjin Pavillon Asset Management Co., Ltd.
Fengchi Real Estate Sdn. Bhd.
Present
Thai Village Restaurant Pte Ltd.
Thai Village Express Pte Ltd.
Pavillon Financial Leasing Co., Ltd.
Pavillon Business Development (Shanghai) Co., Ltd.
State Research Pavillon Financial Leasing Co., Ltd.
Pavillon Financial Leasing Co., Ltd.