Change - Announcement of Cessation::Cessation of Acting Group Managing Director - Mr Ong Eng Yaw

Issuer & Securities

Issuer/ Manager
HWA HONG CORPORATION LIMITED
Securities
HWA HONG CORPORATION LIMITED - SG1H85877246 - H19
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Apr-2022 18:48:15
Status
New
Announcement Sub Title
Cessation of Acting Group Managing Director - Mr Ong Eng Yaw
Announcement Reference
SG220418OTHRFGN6
Submitted By (Co./ Ind. Name)
Gwendolin Lee Soo Fern
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Acting Group Managing Director - Mr Ong Eng Yaw

Additional Details

Name Of Person
Ong Eng Yaw
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
18/04/2022
Detailed Reason (s) for cessation
Mr Ong Eng Yaw has prior to the Company's Annual General Meeting withdrawn his consent to stand for re-election and has relinquished his role as Acting Group Managing Director of the Company. Mr Ong will continue to be an employee of the Group.
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
23/04/2021
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Acting Group Managing Director, Non-Independent Director
Role and responsibilities
Responsible for overseeing the operations of Company and the Group's business development and investment activities in the real estate sector.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Ong is:
- Son of Mr Ong Choo Eng, who is a substantial shareholder.
- Nephew of Dr Ong Hian Eng, who is a Non-Independent and Non-Executive Director.
- Nephew of Mr Ong Mui Eng, who is a Non-Independent and Executive Director.
- Nephew of Mr Ong Kwee Eng, Mr Ong Kay Eng and Mr Ong Hoo Eng, who are substantial shareholders.
- Brother of Ms Ong Bee Leem, who is a substantial shareholder.
- Cousin of Mr Ong Eng Loke, who is the Senior Vice President, Fund Management, Alternate Director to Mr Ong Mui Eng and a substantial shareholder.
- Cousin of Dr Ong Eng Hui David, who is a Non-Independent and Non-Executive Director and substantial shareholder.
- Cousin of Mr Ong Eng Keong, who is Alternate Director to Dr Ong Hian Eng.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
- Direct Interest: 5,967,200 ordinary shares in the Company.
- Deemed Interest: 80,986,000 ordinary shares in the Company
Past (for the last 5 years)
Nil
Present
Listed Companies
Singapore Reinsurance Corporation Limited
MTQ Corporation Limited

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