Change - Announcement of Cessation::Cessation as Alternate Director to Mr. Jonathan James Yong Ze Ng

Issuer & Securities

Issuer/ Manager
YEO HIAP SENG LTD
Securities
YEO HIAP SENG LTD - SG1I10878425 - Y03
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Feb-2024 18:10:05
Status
New
Announcement Sub Title
Cessation as Alternate Director to Mr. Jonathan James Yong Ze Ng
Announcement Reference
SG240229OTHRB53G
Submitted By (Co./ Ind. Name)
Heng Hee Choo
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr. Edward Averrill Ng Yong Sheng as Alternate Director to Mr. Jonathan James Yong Ze Ng

Additional Details

Name Of Person
Edward Averrill Ng Yong Sheng
Age
32
Is effective date of cessation known?
Yes
If yes, please provide the date
29/02/2024
Detailed Reason (s) for cessation
Mr. Edward Averrill Ng Yong Sheng ("Mr. Edward Ng"), the Alternate Director to Mr. Jonathan James Yong Ze Ng ("Mr. Jonathan Ng"), will be appointed as a Non-Independent & Non-Executive Director of Yeo Hiap Seng Limited ("YHS") to take effect on 1 March 2024 and, accordingly, ceased as Alternate Director to Mr. Jonathan Ng on 29 February 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
19/05/2023
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)
5
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Alternate Director to Mr. Jonathan Ng
Role and responsibilities
Alternate Director to Mr. Jonathan Ng
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr. Edward Ng is the son of Mr. Ng Chee Tat Philip and nephew of Mr. Ng Chee Siong, beneficiaries of the Estate of the late Ng Teng Fong, a substantial shareholder of YHS. Mr. Edward Ng is also the grandson of Mdm. Tan Kim Choo who is a substantial shareholder of YHS and the spouse of the late Mr. Ng Teng Fong.

Mr. Edward Ng is also the brother of Mr. Jonathan Ng, a Non-Independent and Non-Executive Director of YHS and the cousin of Mr. Ng Win Kong, Daryl, Chairman of YHS. Mr. Jonathan Ng will retire by rotation at the upcoming Annual General Meeting of YHS on 26 April 2024 ("2024 AGM") and has signified that he is not offering himself for re-election as a Director of YHS at the 2024 AGM. Mr. Jonathan Ng will cease as Director of YHS upon the conclusion of the 2024 AGM.

Mr Edward Ng is a Director of Glory Realty Co. Private Ltd, Transurban Properties Pte. Ltd. and Far East Spring Pte. Ltd., substantial shareholders of YHS.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Please refer to Annex 1.
Present
Please refer to Annex 2.

Attachments

1.1 Annex 1_EN_Past Directorships.pdf
1.2 Annex 2_EN_Present Directorships.pdf
Total size =76K