Change - Announcement of Cessation::RESIGNATION OF MANAGING DIRECTOR OF A SUBSIDIARY

Issuer & Securities

Issuer/ Manager
HOE LEONG CORPORATION LTD.
Securities
HOE LEONG CORPORATION LTD. - SG1S47927920 - H20
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-May-2025 17:20:50
Status
New
Announcement Sub Title
RESIGNATION OF MANAGING DIRECTOR OF A SUBSIDIARY
Announcement Reference
SG250530OTHRSKLJ
Submitted By (Co./ Ind. Name)
Yeo Puay Hin
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr. Justin Norman Raath, the Managing Director of the Group's Australia subsidiary, Trackspares (Australia) Pty Ltd

Additional Details

Name Of Person
Justin Norman Raath
Age
40
Is effective date of cessation known?
Yes
If yes, please provide the date
30/05/2025
Detailed Reason (s) for cessation
Mr. Justin Norman Raath has resigned to pursue personal priorities.

Following the resignation of Mr. Justin Norman Raath, we have put in place interim measures to ensure operational continuity and stability, in line with our Group's succession plan. Our Group CEO (Mr. Yeo Puay Hin) will closely oversee the Australian operations, supported by identified individuals who will facilitate a smooth transition.
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
01/01/2023
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.)
Not applicable
Role and responsibilities
Managing the business operations of Trackspares (Australia) Pty Ltd
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
8,333,333 ordinary shares in the Company
Past (for the last 5 years)
None
Present
None