Change - Announcement of Cessation::Relinquishment of Joint Chairman
Issuer & Securities
HONG FOK CORPORATION LIMITED
HONG FOK CORPORATION LTD - SG1J14885763 - H30
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Relinquishment of Joint Chairman
Submitted By (Co./ Ind. Name)
Lo Swee Oi / Koh Chay Tiang
Description (Please provide a detailed description of the event in the box below)
Mr Cheong Pin Chuan will relinquish as the Joint Chairman but remain as the Joint Managing Director.
Name Of Person
Cheong Pin Chuan
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
For complying with the Code of Corporate Governance 2018
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.)
Joint Managing Director
Role and responsibilities
Responsible for the Group's overall operation and management with greater emphasis in Hong Kong.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Brother of Mr Cheong Sim Eng, who is a Director and subtantial shareholder of the Company.
Brother of Mr Cheong Kim Pong, who is a substantial shareholder of the Company.
Brother of Madam Cheong Hooi Kheng who is a Director of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Shares held in the Company:
20,052,528 shares (direct interest) and 149,823,053 shares (deemed interest)
Shares held in a subsidiary, Hong Fok Land International Limited:
3,397,000 (deemed interest)
Past (for the last 5 years)
Please refer to the attachment.
Attachment - Other Directorships of Mr Cheong Pin Chuan - Present.pdf
Total size =93K