Change - Announcement of Cessation::Resignation of Executive Director and Chief Executive Officer

Issuer & Securities

Issuer/ Manager
CAPITAL WORLD LIMITED.
Securities
CAPITAL WORLD LIMITED. - KYG8763X1189 - 1D5
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Nov-2024 18:05:19
Status
New
Announcement Sub Title
Resignation of Executive Director and Chief Executive Officer
Announcement Reference
SG241101OTHRW0LK
Submitted By (Co./ Ind. Name)
Hoo Khee Leng
Designation
Executive Director and Chief Executive Officer
Effective Date and Time of the event
01/11/2024 17:00:00
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the sponsor is Mr. Josh Tan at 36 Robinson Road, #10-06 City House, Singapore 068877, Email: sponsor@rhtgoc.com.

Resignation of Mr Hoo Khee Leng as Executive Director and Chief Executive Officer.

Additional Details

Name Of Person
Hoo Khee Leng
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2024
Detailed Reason (s) for cessation
Mr Hoo Khee Leng ("Mr Hoo") has tendered his resignation as the Executive Director and Chief Executive Officer ("CEO") of the Company on 1 November 2024 to focus on his other commitments. Mr Hoo's last day as CEO of the Company will be on 31 December 2024.

Based on its enquiries and to the best of its knowledge, the Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Hoo as the CEO of the Company.
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
03/01/2023
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer.
Role and responsibilities
Responsible for the strategy setting and management and operations of the Group and 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?
Yes
Shareholding Details
50,000,000 shares
Other Directorships
Past (for the last 5 years)
1) Prime Solution Management Pte Ltd (Struck-off)
2) Rise Expedition Global Limited (Struck-off)
Present
1. Altimate Ventures Limited
2. Capital City Property Sdn. Bhd.
3. Capital City Ventures Sdn. Bhd.
4. Capital City Management Pte. Ltd.
5. One Solution Management Sdn. Bhd.
6. IATC Pte. Ltd.
7. LakeForest (S) Pte. Ltd.
8. LakeForest Sdn. Bhd.

Accordingly, Mr Hoo has also resigned as director from the subsidiaries of the Group which are shown above from number 1 to 5 and the effective date of resignation is 31 December 2024.