Change - Announcement of Cessation::Cessation of Non-executive Director, Chairman of the Board and Chairman of ESOS Committee

Issuer & Securities

Issuer/ Manager
WILLAS-ARRAY ELEC (HLDGS) LTD
Securities
WILLAS-ARRAY ELEC (HLDGS) LTD - BMG9643L1349 - BDR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Nov-2022 18:46:55
Status
New
Announcement Sub Title
Cessation of Non-executive Director, Chairman of the Board and Chairman of ESOS Committee
Announcement Reference
SG221114OTHRWN4Y
Submitted By (Co./ Ind. Name)
Leung Chun Wah
Designation
Chairman and Non-executive Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Leung Chun Wah as Non-executive Director, Chairman of the Board and Chairman of Employee Share Option Scheme Committee

Additional Details

Name Of Person
Leung Chun Wah
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2022
Detailed Reason (s) for cessation
Resigned due to his decision to devote more time to his personal affairs and in the interest of the renewal of the Board and orderly succession.
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
01/01/2001
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 Director, Chairman of the Board as well as Chairman of the Employee Share Option Scheme Committee
Role and responsibilities
Responsible for determining the overall strategies and direction of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Leung Chun Wah is the father of Mr Leung Chi Hang Daniel, an Executive Director.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Please refer to Appendix L1.
Other Directorships
Past (for the last 5 years)
Please refer to Appendix L2.
Present
Please refer to Appendix L3.

Attachments

WAE-20221114-SG Cessation Appendix L1.pdf
WAE-20221114-SG Cessation Appendix L2.pdf
WAE-20221114-SG Cessation Appendix L3.pdf
Total size =531K