Change - Announcement of Cessation::RE-DESIGNATION OF EXECUTIVE DIRECTOR AND FINANCIAL CONTROLLER TO FINANCIAL CONTROLLER OF THE GROUP

Issuer & Securities

Issuer/ Manager
HGH HOLDINGS LTD.
Securities
HGH HOLDINGS LTD. - SG1S12926576 - 5GZ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Jul-2020 10:42:01
Status
New
Announcement Sub Title
RE-DESIGNATION OF EXECUTIVE DIRECTOR AND FINANCIAL CONTROLLER TO FINANCIAL CONTROLLER OF THE GROUP
Announcement Reference
SG200731OTHR3ZS1
Submitted By (Co./ Ind. Name)
TAN POH GUAN
Designation
EXECUTIVE DIRECTOR
Description (Please provide a detailed description of the event in the box below)
RE-DESIGNATION OF EXECUTIVE DIRECTOR AND FINANCIAL CONTROLLER TO FINANCIAL CONTROLLER OF THE GROUP

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr. David Yeong (Tel (65) 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
LAI CHOONG HON
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
01/08/2020
Detailed Reason (s) for cessation
The Board of Directors, having considered the recommendation of the Nominating Committee, has decided to re-designate the role of Mr Lai Choong Hon from Executive Director and Financial Controller to Financial Controller of the Group. Mr Lai will also be tasked to manage the daily affairs of Engineering Manufacturing Services (S) Pte. Ltd.

This is part of the Group's strategic plan pursuant to the change of Company's name from "AA Group Holdings Ltd." to "HGH Holdings Ltd." on 1 July 2020.
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
18/01/2018
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Financial Controller of the Group
Role and responsibilities
Responsible for all finance, treasury, reporting and accounting activities in the Company, including tax and HR matters.
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?
Yes
Shareholding Details
21,000,000 ORDINARY SHARES (1.18% direct interest)
Past (for the last 5 years)
No
Present
(a) QB Quick Print Pte Ltd
(b) A2A Management Pte. Ltd.
(c) Poh Huat Heng Corporation Pte. Ltd.
(d) Engineering Manufacturing Services (S) Pte. Ltd.
(e) W & P Corporation Pte Ltd
(f) Julique Capital Pte. Ltd.
(g) W&P Precast Pte. Ltd.
(h) Germaxco Pte. Ltd.
(i) W&P Precast Sdn Bhd
(j) Epicentre Holdings Limited
(k) Epicentre Solutions Pte Ltd
(l) Epicentre Pte Ltd
(m) Epi Lifestyle Pte Ltd