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

Issuer & Securities

Issuer/ Manager
HOTUNG INVESTMENT HLDGS LTD
Securities
HOTUNG INVESTMENT HLDGS LTD - BMG4612P2085 - BLS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Mar-2023 17:26:57
Status
New
Announcement Sub Title
Cessation as Non-Executive Director
Announcement Reference
SG230331OTHRQ3V6
Submitted By (Co./ Ind. Name)
Hsin-Chieh Chung
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please see details below.

Additional Details

Name Of Person
Chun-Chen Tsou
Age
88
Is effective date of cessation known?
Yes
If yes, please provide the date
17/04/2023
Detailed Reason (s) for cessation
Mr. Chun-Chen Tsou indicated his intention not to seek re-election, and to accordingly retire as Director of the Company at the conclusion of the Annual General Meeting of the Company on 17 April 2023 pursuant to Bye-laws 94 and 95 of the Bye-laws of the Company, and Rule 720(5) of the Listing Manual of the SGX-ST.
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
26/07/1997
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.)
Director
Role and responsibilities
Non-Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
The shareholding interests of Mr. Chun-Chen Tsou in the Company and its subsidiaries are as follows:
Mr. Chun-Chen Tsou is deemed interested in 2,171,869 shares in the Company, which are registered in the name of Daiwa Capital Markets Singapore Limited.
Mr. Chun-Chen Tsou also has a minor interest in the Company's subsidiaries but since such interest is not material in nature, this has not been disclosed herein.
Other Directorships
Past (for the last 5 years)
Huitung Investments (BVI) Limited / Non-Executive Director
Present
Chairman of Youngmart Group