Change - Announcement of Cessation::Cessation of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
KEONG HONG HOLDINGS LIMITED
Securities
KEONG HONG HOLDINGS LIMITED - SG2D92977651 - 5TT
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Jun-2025 19:42:17
Status
New
Announcement Sub Title
Cessation of Chief Executive Officer
Announcement Reference
SG250630OTHRZMTL
Submitted By (Co./ Ind. Name)
Lim Guek Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Leo Ting Ping Ronald as Chief Executive Officer of Keong Hong Holdings Limited. Mr Leo will remain a Director and be redesignated as Non-Executive and Non-Independent Chairman of the Board.

Additional Details

Name Of Person
Leo Ting Ping Ronald
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date
30/06/2025
Detailed Reason (s) for cessation
Following the expiration of his service contract, Mr Leo Ting Ping Ronald will step down as Chief Executive Officer, effective 30 June 2025 and retire. He will, however, remain a Director and be redesignated as Non-Executive and Non-Independent Chairman of the Board. In addition, Mr Leo will take on an advisory role to support the construction projects of the subsidiary, Keong Hong Construction Pte Ltd.

The Board has identified a potential candidate to take over Mr. Leo's duties as Interim Chief Executive Officer, and will make the necessary announcement once the appointment is finalised.
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
16/12/2011
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Non-Independent Chairman
Role and responsibilities
As Chairman, Mr Leo will lead the Board and is responsible for the strategic direction of the Group, the workings of the Board and communicating the performance of the Company and the Group to the Board and shareholders. Mr Leo will also take on an advisory role to support the construction projects of the subsidiary, Keong Hong Construction Pte Ltd.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
He is a substantial shareholder of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct interest of 5,231,180 ordinary shares, and deemed interest of 22,500,000 held in the Company.
Past (for the last 5 years)
Nil
Present
Director of Keong Hong Group's subsidiaries, associated companies and joint venture companies.