Change - Announcement of Cessation::Announcement of Cessation of Lead Independent Director and Audit Committee Chairman

Issuer & Securities

Issuer/ Manager
HUATIONG GLOBAL LIMITED
Securities
HUATIONG GLOBAL LIMITED - SG1AF2000003 - 41B
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Nov-2022 18:54:56
Status
New
Announcement Sub Title
Announcement of Cessation of Lead Independent Director and Audit Committee Chairman
Announcement Reference
SG221116OTHR3AUM
Submitted By (Co./ Ind. Name)
Ng Kian Ann Patrick
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr. Joseph Au, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Yuen Sou Wai ("Mr Yuen")
Age
68
Is effective date of cessation known?
Yes
If yes, please provide the date
30/11/2022
Detailed Reason (s) for cessation
Mr Yuen was first appointed to the Board on 11 November 2014. As part of the Board renewal process, Mr Yuen has decided to resign.

After having interviewed Mr Yuen and to the best of its knowledge, the Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Yuen as the Independent Director of the Company.

The Company is currently in the midst of reviewing a suitable candidate to be appointed to the Board, Audit Committee, Nominating Committee and Remuneration Committee.
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
11/11/2014
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
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.)
Lead Independent Director, Audit Committee Chairman, and member of the Remuneration Committee and the Nominating Committee
Role and responsibilities
Fulfilling the roles and responsibilities of a Lead Independent Director, the Chairman of the Audit Committee, and a member of the Remuneration Committee and the Nominating Committee
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
Other Directorships
Past (for the last 5 years)
YHI International Ltd
Chew's Group Ltd
Libra Group Ltd
Present
NIL