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

Issuer & Securities

Issuer/ Manager
HOTEL PROPERTIES LIMITED
Securities
HOTEL PROPERTIES LTD - SG2P14002527 - H15
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Dec-2018 17:48:43
Status
New
Announcement Sub Title
Resignation of Non-Executive and Non-Independent Director
Announcement Reference
SG181228OTHRC46M
Submitted By (Co./ Ind. Name)
Lo Swee Oi
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Executive and Non-Independent Director.

Additional Details

Name Of Person
Stephen Tin Hoi Ng
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
28/12/2018
Detailed Reason (s) for cessation
Nassim Developments Pte. Ltd. ("Nassim"), an indirect wholly-owned subsidiary of Wheelock Properties (Singapore) Limited ("Wheelock") has withdrawn its shareholdings in 68 Holdings Pte. Ltd. and its shareholdings in Hotel Properties Limited ("HPL") are now held directly by Nassim as long-term investment.

Following the above move, Mr Ng who was previously nominated by Wheelock has tendered his resignation as a Director of HPL with effect from 28 December 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?
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
25/07/2014
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.)
Non-Executive and Non-Independent Director
Role and responsibilities
Non-Executive and Non-Independent Director
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)
(1) Director of Greentown China Holdings Limited
(2) Chairman of i-CABLE Communications Limited
(3) Chairman of the Hong Kong General Chamber of Commerce
(4) Council Member of the Hong Kong Trade Development Council
Present
Please refer to the attached Appendix A.

Attachments

HPL-Appendix_A_Stephen Ng.pdf
Total size =8K