Change - Announcement of Cessation::Cessation as Independent Director

Issuer & Securities

Issuer/ Manager
HONG LAI HUAT GROUP LIMITED
Securities
HONG LAI HUAT GROUP LIMITED - SG1EE1000009 - CTO
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Apr-2024 12:29:23
Status
New
Announcement Sub Title
Cessation as Independent Director
Announcement Reference
SG240415OTHR9VB4
Submitted By (Co./ Ind. Name)
Dato' Dr Ong Bee Huat
Designation
Executive Deputy Chairman & Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Dr Wang Kai Yuen as Independent Director, Chairman of the Board and Audit Committee, member of the Remuneration Committee and Nominating Committee.

Additional Details

Name Of Person
Wang Kai Yuen
Age
76
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2024
Detailed Reason (s) for cessation
Dr Wang Kai Yuen ("Dr Wang") is due for retirement at the coming Annual General Meeting in accordance with the Constitution of the Company. He has served the Company since 1 May 2006 for 17 years. Dr Wang will be stepping down to retire from the directorship in view of the 9 years term limit and for Board renewal.
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
01/05/2006
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.)
Independent Director, Chairman of the Board and Audit Committee, member of the Remuneration Committee and Nominating Committee.
Role and responsibilities
Please refer to the above.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
700,000 shares
Past (for the last 5 years)
1) ComfortDelgro Corporation Limited
2) COSCO Shipping International (Singapore) Co., Ltd.
3) A-Sonic Aerospace Limited
Present
Waan Holdings Pte. Ltd.