Change - Announcement of Cessation::Cessation of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
HG METAL MANUFACTURING LIMITED
Securities
HG METAL MANUFACTURING LTD - SG1CH7000000 - BTG
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-Dec-2022 17:45:55
Status
New
Announcement Sub Title
Cessation of Chief Executive Officer
Announcement Reference
SG221219OTHRTCWT
Submitted By (Co./ Ind. Name)
Foo Sey Liang
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Executive Officer

Additional Details

Name Of Person
Shin Taeyang
Age
43
Is effective date of cessation known?
Yes
If yes, please provide the date
28/02/2023
Detailed Reason (s) for cessation
Mr. Shin Taeyang ("Mr Shin") has tendered his resignation as Chief Executive Officer of the Group to pursue other career opportunities.
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
01/01/2019
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.)
Chief Executive Officer
Role and responsibilities
Mr. Shin is responsible for the overall management and operations of the Group as well as building and implementing the business strategies of the Group. Mr. Shin also assumed the role of Managing Director for HG Construction Steel Pte. Ltd.. Following his resignation, the Executive Director of the Company, Mr. Foo Sey Liang will directly managing these responsibilities.
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?
No
Other Directorships
Past (for the last 5 years)
Nil
Present
HG Metal Investments Pte. Ltd.
HG Construction Steel Pte. Ltd.
Oriental Metals Pte Ltd
First Fortune International Co. Ltd