Change - Announcement of Cessation::Retirement of Non-Executive Chairman and Director

Issuer & Securities

Issuer/ Manager
HONG LEONG ASIA LTD.
Securities
HONG LEONG ASIA LTD. - SG1F76860344 - H22
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Apr-2017 19:58:44
Status
New
Announcement Sub Title
Retirement of Non-Executive Chairman and Director
Announcement Reference
SG170428OTHRWRAA
Submitted By (Co./ Ind. Name)
Ng Siew Ping, Jaslin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Kwek Leng Beng as the Non-Executive Chairman and Director at the 56th Annual General Meeting of the Company ("AGM") held on 28 April 2017.

Additional Details

Name Of Person
Kwek Leng Beng
Age
76
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2017
Detailed Reason (s) for cessation
Mr Kwek Leng Beng informed the Board that he would not be seeking re-election as a Non-Executive Director of the Company at the 56th AGM. Consequent to his retirement, Mr Kwek also ceased to act as the Non-Executive Chairman of the Board and a member of the Nominating Committee ("NC").
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
25/11/1981
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Chairman of the Board and a member of the NC.
Role and responsibilities
The role and responsibilities of the Non-Executive Chairman of the Board and as a member of the NC
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Kwek Leng Beng is a cousin of Mr Kwek Leng Peck, who was appointed the Executive Chairman of the Board on 28 April 2017.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Hong Leong Asia Ltd. - 660,000 ordinary shares
Past (for the last 5 years)
Please see attached Appendix A.
Present
Please see attached Appendix B.

Attachments