Change - Announcement of Cessation::Cessation of Independent Director

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
02-Jan-2015 17:16:54
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG150102OTHR5RU3
Submitted By (Co./ Ind. Name)
Kuah Geok Lin
Designation
Chairman & Chief Executive Director
Description (Please provide a detailed description of the event in the box below)
Announcement on Cessation of Independent Director

Additional Details

Name Of Person
Peter Boo Song Heng
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
02/01/2015
Detailed Reason (s) for cessation
As disclosed in the Corporate Governance Report in the Company s Annual Report 2013, the three (3) Independent Directors will take turns to retire when they reached their nine (9) years of service on the Board in September 2014, taking into consideration the need for progressive refreshing of the Board (in compliance with Guideline 2.4 of the Revised Code of Corporate Governance 2012). Mr Yeoh Seng Huat Geoffrey ("Geoffrey") has been appointed as an Independent Director on 02 January 2015. Geoffrey will replace Mr Peter Boo Song Heng as Chairman of the Nominating Committee, member of the Audit Committee and the Remuneration Committee.
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
29/09/2005
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.)
Chairman of the Nominating Committee, member of the Audit Committee and the Remuneration Committee
Role and responsibilities
Role and responsibilities as at Chairman of the Nominating Committee, member of the Audit Committee and the Remuneration Committee
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?
No
Other Directorships
Past (for the last 5 years)
1. IPS Securex Holdings Ltd.
2. Compact Metal Industries Ltd
3. NTUC Healthcare Co-operative Ltd
4. Bizlink Centre Singapore Ltd
Present
1. Songxing Investment Holdings Pte Ltd
2. Profile Avenue Sdn Bhd
3. Songxing Engineering Sdn Bhd
4. Professional & Organisation Development Sdn Bhd
5. Seacare Medical Holdings Pte Ltd
6. Knightsburg Pte Ltd
7. Connect Centre Pte Ltd
8. Seacare Maritime Medical Centre Pte Ltd