Change - Announcement of Cessation::Resignation of General Manager of Property Operations

Issuer & Securities

Issuer/ Manager
LUMINOR FINANCIAL HOLDINGS LIMITED
Securities
LUMINOR FINANCIAL HOLDINGS LTD - SG2E72981474 - 5UA
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Feb-2022 20:00:57
Status
New
Announcement Sub Title
Resignation of General Manager of Property Operations
Announcement Reference
SG220228OTHRWAYV
Submitted By (Co./ Ind. Name)
Kwan Yu Wen
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Kwan Chee Hong as General Manager of Property Operations.

This announcement has been prepared by Luminor Financial Holdings Limited (the "Company") and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, at 8 Anthony Road, #01- 01, Singapore 229957, telephone (65) 65906881.

Additional Details

Name Of Person
Kwan Chee Hong
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date
01/04/2022
Detailed Reason (s) for cessation
Mr Kwan Chee Hong ("Mr Kwan") is resigning as the Group has scaled down its property operations and focus on growing the financial solutions business following the shareholders' approval of the diversification of the Group's business into financial solutions business.

Based on its enquires, the Company's sponsor, UOB Kay Hian Private Limited, is satisfied that, save as disclosed in the announcement, there are no other material reasons for the cessation of Mr Kwan as the General Manager of Property Operations of the Company.
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
18/02/2016
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.)
General Manager of Property Operations
Role and responsibilities
Mr Kwan Chee Hong is responsible for the overall supervision and management of the Group's property operations.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Kwan Chee Hong is the uncle of Ms Kwan Yu Wen and brother of Mr Kwan Chee Seng. Ms Kwan Yu Wen and Mr Kwan Chee Seng are the Company's Executive Director and Non-Executive Director respectively.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
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