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

Issuer & Securities

Issuer/ Manager
HIAP TONG CORPORATION LTD.
Securities
HIAP TONG CORPORATION LTD. - SG1Z16951381 - 5PO
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Jul-2016 20:26:30
Status
New
Announcement Sub Title
Retirement of Independent and Non-Executive Director
Announcement Reference
SG160727OTHRWABY
Submitted By (Co./ Ind. Name)
Lo Swee Oi
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent and Non-Executive Director.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, CIMB Bank Berhad, Singapore Branch ("Sponsor") for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor are Mr Yee Chia Hsing, Head, Catalist, Investment Banking and Mr Lee Chee Cheong, Associate Director, Investment Banking, CIMB Bank Berhad, Singapore Branch. The contact particulars are 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, Telephone: (65) 6337 5115.

Additional Details

Name Of Person
Yong Yean Chau
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
27/07/2016
Detailed Reason (s) for cessation
As disclosed in the Corporate Governance Statement of the Company's Annual Report 2016, Mr Yong Yean Chau has decided to retire and not seek re-appointment after the Annual General Meeting held on 27 July 2016.
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
06/10/2008
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent and Non-Executive Director, Chairman of the Audit Committee and a member of the Nominating and Remuneration Committees.
Role and responsibilities
Lead Independent and Non-Executive Director, Chairman of the Audit Committee and a member of the Nominating and Remuneration Committees.
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)
Nil
Present
(1) Parkway Trust Management Limited
(2) Parkway Life MTN Pte. Ltd.
(3) Matsudo Investment Pte. Ltd.
(4) Parkway Life Japan2 Pte. Ltd.
(5) Parkway Life Japan3 Pte. Ltd.
(6) Parkway Life Japan4 Pte. Ltd.
(7) Parkway Life Malaysia Pte. Ltd.