Change - Announcement of Cessation::RETIREMENT OF LEAD INDEPENDENT DIRECTOR OF THE COMPANY

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
14-Apr-2026 17:56:16
Status
New
Announcement Sub Title
RETIREMENT OF LEAD INDEPENDENT DIRECTOR OF THE COMPANY
Announcement Reference
SG260414OTHR5RWT
Submitted By (Co./ Ind. Name)
TAN POH GUAN
Designation
EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
RETIREMENT OF MR. NG SER CHIANG AS LEAD INDEPENDENT DIRECTOR OF THE COMPANY

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement 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 Ms. Audrey Mok (Tel (65) 6232 3210), at 1 Robinson Road, #21-01 AIA Tower, Singapore 048542.

Additional Details

Name of person
NG SER CHIANG
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date.
29/04/2026
Detailed reason(s) for cessation
RETIREMENT OF MR. NG SER CHIANG AS LEAD INDEPENDENT DIRECTOR OF THE COMPANY

Having served on the Board of Directors ("Board") for more than nine (9) years and pursuant to Rule 406(3)(d)(iv) of Lising Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited, Mr. Ng Ser Chiang ("Mr. Ng") has decided to retire as Director of the Company upon the conclusion of the forthcoming AGM to be held on Thursday, 29 April 2026 at 10:00 a.m. to facilitate and support the Board renewal plan.

Following his retirement, Mr. Ng will cease to serve as Lead Independent Director, Chairman of Nominating Committee and member of Audit Committee and Remuneration Committee.

The Sponsor, after having interviewed Mr. Ng, is satisfied that, save as disclosed in the announcement, there are no other material reasons for his retirement as an Independent Director of the Company.

The Board would like to extend their appreciation to Mr. Ng for his invaluable contribution to the Company during his tenure.
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?
Yes
If yes, please elaborate.
Yes, The Company shall endeavor to fill the vacancy of the Independent Director within two (2) months, and in any event no later than three (3) months from the date of Mr. Ng Ser Chiang s retirement, in order to comply with Rule 704(7) of Lising Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited
Date of appointment to current position
15/06/2016
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
(a) Lead Independent Director
(b) Chairman of Nominating Committee
(c) Member of Remuneration Committee
(d) Member of Audit Committee
Role and responsibilities
Lead Independent Director, Chairman of Nominating Committee, member of Audit and Remuneration Committees.
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of independent directors currently resident in Singapore (taking into account this cessation)
2
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
0
Shareholding interest in the listed issuer and its subsidiaries
No
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Other Directorships
Past (for the last 5 years)
(a) Elitaire Asia Pte. Ltd.
(b) Altair Asia (S) Pte. Ltd.
Present
(a) Emergo Solutions Pte. Ltd.
(b) iOThree Limited