Change - Announcement of Cessation::Retirement of Director

Issuer & Securities

Issuer/ Manager
HUAN HSIN HOLDINGS LTD
Securities
HUAN HSIN HOLDINGS LTD - SG1E67853093 - H16
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Apr-2017 17:42:03
Status
New
Announcement Sub Title
Retirement of Director
Announcement Reference
SG170412OTHRFSRH
Submitted By (Co./ Ind. Name)
Han Tock Mui Kelly
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mr Chang Shih Hsing is due to retire pursuant to Regulation No. 103 of the Company's Constitution will not be seeking for re-election at the forthcoming Annual General Meeting ("AGM").

Additional Details

Name Of Person
Chang Shih Hsing
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2017
Detailed Reason (s) for cessation
Mr Chang Shih Hsing shall relinquish his directorship in the Company to spend more time with his family. However, he shall remain as the General Manager of Shanghai Huan Hsin Electronics Co., Ltd.
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
28/05/1997
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Mr Chang Shih Hsing is the General Manager of Shanghai Huan Hsin Electronics Co., Ltd. As the head of the production division, he is responsible for the technical aspects of the operations, quality management and research and development. He also oversees employee training programs and human resource development and management.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Chang Shih Hsing is the brother-in-law of Mr Hsu Hung Chun, a director and the Chairman of the Board.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Chang Shih Hsing is a direct holder of 2,090,066 shares in Huan Hsin Holdings Ltd.
Past (for the last 5 years)
N.A.
Present
Executive Director of Huan Hsin Co. (M) Sdn. Bhd. since 21 April 1993