Change - Announcement of Cessation::Announcement of 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
29-Sep-2023 17:20:45
Status
New
Announcement Sub Title
Announcement of Cessation of Independent Director
Announcement Reference
SG230929OTHRENSP
Submitted By (Co./ Ind. Name)
Yeo Puay Hin
Designation
Executive Director & CEO
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Mr Choy Bing Choong ("Mr Choy") as Independent Director

Additional Details

Name Of Person
Choy Bing Choong
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
30/09/2023
Detailed Reason (s) for cessation
Mr Choy serves as the Lead Independent Director of the Company since 1 September 2019. He has recently been re-designated as an Executive Chairman in Natural Cool Holdings Limited from an Executive Director and Group Operating Officer. In view of his new role, Mr Choy has decided to step down as an Independent Director to devote more time to his expanded role.

We thank Mr Choy for his dedication and valuable contributions to the Group and wish him all the best in his new role.


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
01/09/2019
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Remuneration Committee Chairman, and a member of the Audit and Nominating Committees
Role and responsibilities
Lead Independent Director
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?
No
Past (for the last 5 years)
1. HMK Energy Pte Ltd;
2. P. T. Harpindo Mitra Kharisma;
3. HMK Investments Ltd.; and
4. Neo Group Limited
Present
1. Natural Cool Holdings Limited;
2. Hiap Tong Corporation Ltd; and
3. Zhongmin Baihui Retail Group Ltd