Change - Announcement of Cessation::Cessation of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
HONG LEONG FINANCE LIMITED
Securities
HONG LEONG FINANCE LIMITED - SG1M04001939 - S41
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Dec-2021 18:16:03
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director
Announcement Reference
SG211216OTHR7P52
Submitted By (Co./ Ind. Name)
Ng Siew Ping, Jaslin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Ter Kim Cheu as a Director

Additional Details

Name Of Person
Ter Kim Cheu
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2022
Detailed Reason (s) for cessation
Mr Ter Kim Cheu is stepping down from the Board after having served as an independent non-executive Director of the Company since 1 September 2010. Consequent to his cessation as a Director, he will also cease to be the chairman of the Board Sustainability Committee ("BSC"), as well as a member of the Executive Committee ("Exco"), Audit Committee ("AC"), Remuneration Committee ("RC") and Hong Leong Finance Share Option Scheme 2001 Committee ("SOSC").
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
01/09/2010
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director
Chairman of the BSC
Member of the Exco, AC, RC and SOSC
Role and responsibilities
As above
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Kimly Limited*

*Listed Company
Present
Nil