Change - Announcement of Cessation::Retirement of Non-Independent & Non-Executive Director

Issuer & Securities

Issuer/ Manager
YEO HIAP SENG LTD
Securities
YEO HIAP SENG LTD - SG1I10878425 - Y03
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Feb-2024 18:11:12
Status
New
Announcement Sub Title
Retirement of Non-Independent & Non-Executive Director
Announcement Reference
SG240229OTHRJVYI
Submitted By (Co./ Ind. Name)
Heng Hee Choo
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr. Jonathan James Yong Ze Ng as a Non-Independent & Non-Executive Director of the Company

Additional Details

Name Of Person
Jonathan James Yong Ze Ng
Age
34
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2024
Detailed Reason (s) for cessation
Mr. Jonathan James Yong Ze Ng ("Mr. Jonathan Ng") will be retiring by rotation at the upcoming Annual General Meeting of Yeo Hiap Seng Limited ("YHS") on 26 April 2024 ("2024 AGM") and has signified that he is not offering himself for re-election as a Director of YHS at the 2024 AGM. Mr. Jonathan Ng will cease as Director of YHS at the conclusion of the 2024 AGM.
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
10/09/2020
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)
5
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent & Non-Executive Director
Role and responsibilities
Non-Independent & Non-Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr. Jonathan Ng is the son of Mr. Ng Chee Tat Philip and nephew of Mr. Ng Chee Siong, beneficiaries of the Estate of the late Ng Teng Fong, a substantial shareholder of YHS. Mr. Jonathan Ng is also the grandson of Mdm. Tan Kim Choo who is a substantial shareholder of YHS and the spouse of the late Mr. Ng Teng Fong.

Mr. Jonathan Ng is also the brother of Mr. Edward Averrill Ng Yong Sheng ("Mr. Edward Ng"), his alternate director to Board of YHS, and the cousin of Mr. Ng Win Kong, Daryl, Chairman of YHS. Mr. Edward Ng ceased as the Alternate Director to Mr. Jonathan Ng on 29 February 2024 and would be appointed as a Director of YHS to take effect from 1 March 2024.

Mr. Jonathan Ng is a director and Chief Executive Officer of (i) Far East Organization Pte. Ltd., and (ii) Far East Spring Pte. Ltd, both substantial shareholders of YHS. He is also the Chief Executive Officer of the other two substantial shareholders of YHS, (i) Glory Realty Co. Private Ltd., and (ii) Transurban Properties Pte. Ltd.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Please refer to Annex 1.
Present
Please refer to Annex 2.

Attachments

1.1 Annex 1_JN_Past Directorships.pdf
1.2 Annex 2_JN_Present Directorships.pdf
Total size =251K