Change - Announcement of Cessation::Cessation of Interim Chief Executive Officer (CEO)

Issuer & Securities

Issuer/ Manager
CHEMICAL INDUSTRIES (FAR EAST) LIMITED.
Securities
CHEMICAL INDUSTRIES (F.E.) LTD - SG1B37000984 - C05
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Oct-2022 18:09:27
Status
New
Announcement Sub Title
Cessation of Interim Chief Executive Officer (CEO)
Announcement Reference
SG221005OTHRH0KG
Submitted By (Co./ Ind. Name)
Foo Soon Soo
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Chng Hee Hock as Interim Chief Executive Officer (CEO) of the Company

Additional Details

Name Of Person
Chng Hee Kok
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date
31/10/2022
Detailed Reason (s) for cessation
The Company in its announcement and news release posted on SGXNET on 23 August 2022 announced the appointment of Mr Yeo Sze Chiat as Chief Executive Officer (CEO) with effect from 1 September 2022, and that Mr Chng Hee Kok, the interim CEO will remain in the Company for a short period of time to ensure a smooth transition of leadership. The transition and handover of duties from Interim CEO to the CEO are completed, and the service of the Interim CEO will cease effective from 31 October 2022 in accordance with the terms of his engagement.

The Board wishes to thank Mr Chng for leading Chemical Industries through a watershed period of transition to a professionally managed organisation.
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
01/10/2021
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.)
Interim Chief Executive Officer (CEO) of the Company
Role and responsibilities
Responsible for the operations of the Company
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
Past (for the last 5 years)
China Flexible Packaging Holdings Ltd
Infinio Group Limited
Chaswood Resources Holdings Ltd
Samudera Shipping Line Ltd
KTL group Ltd
Ellipsiz Ltd
Present
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Full Apex Holdings Ltd
Metech International Ltd
Luxking Holdings Ltd
Black Gold Natural Resources Ltd
United Food Holdings Ltd
Debao Property Development Ltd