Change - Announcement of Cessation::Cessation of Executive Director

Issuer & Securities

Issuer/ Manager
HANWELL HOLDINGS LIMITED
Securities
HANWELL HOLDINGS LIMITED - SG1V81937806 - DM0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2021 18:01:32
Status
New
Announcement Sub Title
Cessation of Executive Director
Announcement Reference
SG210429OTHRGKNP
Submitted By (Co./ Ind. Name)
Siau Kuei Lian
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Tang Cheuk Chee as Executive Director

Additional Details

Name Of Person
Tang Cheuk Chee
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2021
Detailed Reason (s) for cessation
Dr Tang Cheuk Chee ("Dr Tang") was subject to retirement pursuant to Regulation 87 of the Company's Constitution at the Annual General Meeting ("AGM") held on 29 April 2021 under Resolution 3 of the Notice of AGM and such resolution was not carried at the AGM. Accordingly, Dr Tang stepped down as a Director of the Company and ceased as Executive Director on 29 April 2021.
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
01/08/2011
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.)
Executive Director
Role and responsibilities
Primary responsibilities include making major corporate decisions, managing the overall operations and resources, acting as the main point of communication between the board of directors and operations as well as fronting the Company in terms of investor relations and corporate communications. The Executive Director is required to plan and implement strategic direction of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Dr Tang is the sister of Mr Tang Chi Ming Danny ("Mr Tang"). Mr Tang is currently the Vice President of Fortune Food Manufacturing Pte Ltd, a direct wholly-owned subsidiary of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Dr Tang has a direct interest of 58,858,500 shares in Hanwell Holdings Limited and is deemed to be interested in 48,498,000 shares collectively held by Sino Diamond International Co., Ltd and Widelead International Limited by virtue of Section 7(4) of the Companies Act, Cap. 50.
Past (for the last 5 years)
Hanwell Holdings Limited

Loyal Knoll Limited

Winpro Investments Limited
Present
Nice Sun Investments Limited

Rosary Land Limited

Sino Diamond International Co., Ltd

Widelead International Limited

Tat Seng Packaging Group Ltd

Tat Seng Packaging (Suzhou) Co., Ltd.

Hefei Dansun Packaging Co., Ltd.

King Ally Investments Limited

Kingsland Investment (SG) Pte. Ltd.

Topseller Development Pte Ltd

Wealthwin Pte. Ltd.