Change - Announcement of Cessation::Cessation of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
HONG LEONG FINANCE LIMITED
Securities
HONG LEONG FINANCE LIMITED - SG1M04001939 - S41
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2021 17:34:32
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director
Announcement Reference
SG210429OTHR808K
Submitted By (Co./ Ind. Name)
Yeo Swee Gim, Joanne
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Bertie Cheng as a Director

Additional Details

Name Of Person
Cheng Shao Shiong @ Bertie Cheng
Age
83
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2021
Detailed Reason (s) for cessation
Mr Cheng Shao Shiong @ Bertie Cheng stepped down as a Director upon the conclusion of the Company's 61st Annual General Meeting held on 29 April 2021. Consequent to his cessation as a Director, he also ceased to be the chairman of the Board Risk Committee ("BRC") and Nominating Committee ("NC"), as well as a member of the Executive Committee ("Exco"), Remuneration Committee ("RC") and Hong Leong Finance Share Option Scheme 2001 Committee ("SOSC").
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
23/04/2004
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)
4
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.)
Independent Non-Executive Director
Chairman of the BRC and NC
Member of the Exco, RC and SOSC

Role and responsibilities
As above
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
Past (for the last 5 years)
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Present
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Baiduri Bank Bhd
Baiduri Finance Bhd