Change - Announcement of Cessation::Announcement of cessation of Chief Operating Officer

Issuer & Securities

Issuer/ Manager
HANWELL HOLDINGS LIMITED
Securities
HANWELL HOLDINGS LIMITED - SG1V81937806 - DM0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Jun-2021 12:30:24
Status
New
Announcement Sub Title
Announcement of cessation of Chief Operating Officer
Announcement Reference
SG210601OTHRBV4F
Submitted By (Co./ Ind. Name)
Siau Kuei Lian
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Yeo See Liang as Chief Operating Officer of Hanwell Holdings Limited ("Company")

Additional Details

Name Of Person
Yeo See Liang
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
01/06/2021
Detailed Reason (s) for cessation
Mr Yeo See Liang ("Mr Yeo") ceased as Chief Operating Officer ("COO") of the Company so as to focus on the Company's Malaysia operations.

Mr Yeo will no longer be responsible for the Company's operations in Singapore but will continue to serve the Company's Malaysia operations and remain as director of certain subsidiaries.

Mr Yeo will continue as Executive Director of Socma Trading (M) Sdn Bhd, a Malaysia subsidiary of the Company.

Following the cessation of Mr Yeo as COO, the Company will be taking steps to ensure that succession planning is in place.
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
12/08/2016
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Operating Officer
Role and responsibilities
Mr Yeo had been managing the overall operations of both Singapore and Malaysia prior to 1 June 2021.

With effect from 1 June 2021, Mr Yeo will focus on Malaysia operations.
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)
(1) Health Solutions International Pte. Ltd.
(2) Health Solutions Holdings Pte. Ltd.
(3) Topseller Development Pte Ltd
(4) Hanwell Holdings Limited
Present
(1) Tipex Pte. Ltd.
(2) Fortune Food Manufacturing Pte Ltd
(3) Fortune Food Manufacturing Sdn. Bhd.
(4) PSC international Pte Ltd
(5) PSC Investment Pte Ltd
(6) PSC Resort Pte Ltd
(7) Topseller Pte Ltd
(8) Econ Food Manufacturing (M) Sdn Bhd
(9) Fresh Fruit Juice Manufacturing (M) Sdn Bhd
(10) Palm Meadow Sdn. Bhd.
(11) Tips Industry (M) Sdn. Bhd.
(12) Flobina Sdn. Bhd.
(13) Socma Trading (M) Sdn Bhd