Change - Announcement of Cessation::Resignation of Non-Independent and Executive Director - Mr Ong Mui Eng

Issuer & Securities

Issuer/ Manager
HWA HONG CORPORATION LIMITED
Securities
HWA HONG CORPORATION LIMITED - SG1H85877246 - H19
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-May-2022 17:37:08
Status
New
Announcement Sub Title
Resignation of Non-Independent and Executive Director - Mr Ong Mui Eng
Announcement Reference
SG220505OTHRP8A8
Submitted By (Co./ Ind. Name)
Gwendolin Lee Soo Fern
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Independent and Executive Director of Mr Ong Mui Eng, effective 31 July 2022.

Additional Details

Name Of Person
Ong Mui Eng
Age
87
Is effective date of cessation known?
Yes
If yes, please provide the date
31/07/2022
Detailed Reason (s) for cessation
Mr Ong Mui Eng has tendered his resignation as a Non-Independent and Executive Director of the Company, as part of the Company's succession planning.
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
01/02/1983
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)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Executive Director
Role and responsibilities
Roles and responsibilities of an Executive Director, in particular in matters relating to finance and administration of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
- Brother of Mr Ong Choo Eng, Managing Director of Singapore Warehouse Company (Private) Limited ("SWC") and a substantial shareholder.
- Brother of Dr Ong Hian Eng, Mr Ong Kwee Eng, Mr Ong Kay Eng and Mr Ong Hoo Eng, who are substantial
shareholders with the exception of Dr Ong Hian Eng
- Father of Mr Ong Eng Loke, SVP, Fund Management of HHEO and a substantial shareholder.
- Uncle of Mr Ong Eng Yaw, Director of SWC and a substantial shareholder.
- Uncle of Ms Ong Bee Leem, who is a substantial shareholder.
- Uncle of Dr David Ong Eng Hui, who is a Non-Executive Director and a substantial shareholder.
- Uncle of Mr Ong Eng Keong, who is a Non-Executive Director.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
- Direct: 11,505,664 shares in the Company
- Deemed: 321,748 shares in the Company
Past (for the last 5 years)
Nil
Present
- Hwa Hong Edible Oil Industries Pte Ltd
- Paco Industries Pte Ltd
- Singapore Warehouse Company (Private) Limited
- OME Investment Holding Pte Ltd
- Ong Chay Tong & Sons (Private) Limited