Change - Announcement of Cessation::Cessation as Non-Executive Director
Issuer & Securities
HOTUNG INVESTMENT HLDGS LTD
HOTUNG INVESTMENT HLDGS LTD - BMG4612P2085 - BLS
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation as Non-Executive Director
Submitted By (Co./ Ind. Name)
Description (Please provide a detailed description of the event in the box below)
Please see details below.
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr. Yang-Fu Kuo indicated his willingness not to seek re-election, and to accordingly retire as Director of the Company at the conclusion of the Annual General Meeting of the Company on April 13, 2017 pursuant to Bye-laws 94 and 95 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?
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.)
Role and responsibilities
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
The shareholding interests of Mr. Yang-Fu Kuo in Hotung Investment Holdings Limited and its subsidiaries are as follows:
(i) he is directly interested in 1,265,204 shares in Hotung Investment Holdings Limited (as a scrip holder), and is deemed interested in 2,616,086 shares in Hotung Investment Holdings Limited, comprising (a) 933,107 shares held by his spouse (as a scrip holder); (b) 1,203,700 shares held by his spouse (registered in the name of Citibank Nominees Singapore Private Limited); and (c) 479,279 shares held by Big Ben Industries Inc. (as a scrip holder);
(ii) he is directly interested in 1,976 shares in Hotung International Company Limited, and is deemed interested in 15,637 shares in Hotung International Company Limited, comprising (a) 1,879 shares held by his spouse; and (b) 13,758 shares held by Big Ben Industries Inc.; and
(iii) he is deemed interested in 297 shares in Hotung Venture Capital Corporation held by Big Ben Industries Inc.
Past (for the last 5 years)
Huitung Investments (BVI) Limited
MicroThermal Technology Corp.
MicroBase Technology Corp.
Big Ben Industries Inc.