Change - Announcement of Cessation::Cessation of Executive Director

Issuer & Securities

Issuer/ Manager
HOSEN GROUP LTD - SG1Q03920366 - 5EV
Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Dec-2020 17:26:56
Announcement Sub Title
Cessation of Executive Director
Announcement Reference
Submitted By (Co./ Ind. Name)
Lim Hai Cheok
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Director and Redesignation as Senior Director as working title

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms Jennifer Tan, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318,

Additional Details

Name Of Person
Chong Poh Soon
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Madam Chong Poh Soon resigned from the Board of Directors as an Executive Director in order to pave the way for board refreshment. She is redesignated as Senior Director as her working title.

After having interviewed Madam Chong Poh Soon and to the best of its knowledge, the Company's Sponsor PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Madam Chong Poh Soon as an Executive Director of the Company.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Madam Chong was responsible for the Group's procurement and logistics before her cessation as Executive Director.

After her cessation and redesignation, Madam Chong's roles and responsibilities remain unchanged and she is still responsible for the Group's procurement and logistics.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
1. Spouse of Lim Hai Cheok, Chief Executive Officer, Executive Director and substantial shareholder
2. Mother of Lim Hock Chye Daniel, Executive Director
3. Sister in law of Lim Kim Eng, Executive Director and substantial shareholder
Shareholding interest in the listed issuer and its subsidiaries?
Shareholding Details
Direct interest in 64,843,750 ordinary shares of the Company, representing 19.96% shareholdings, and deemed interest in 65,000,000 ordinary shares of the Company held by Mdm Chong's husband, Mr Lim Hai Cheok, representing 20.00% shareholdings.

The percentages are calculated based on 324,900,846 issued shares of the Company.
Past (for the last 5 years)
Directors of the following companies:
1. Arenas Seafood Pte Ltd
2. Shi Chen (Shanghai) Trading Co Ltd
Director of the following companies:
1. Hock Seng Food Pte Ltd
2. Hock Seng Food (M) Sdn Bhd
3. Hock Seng Worldwide Sdn Bhd
4. Hosen Chocolate Sdn Bhd
5. Hosen Chocolate Marketing Sdn Bhd