REPL::Change - Announcement of Cessation::Resignation of Executive Director, Chairman of The Board and Chairman of The ESOS Committee
Issuer & Securities
Issuer/ Manager
WILLAS-ARRAY ELEC (HLDGS) LTD
Securities
WILLAS-ARRAY ELEC (HLDGS) LTD - BMG9643L1349 - BDR
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-May-2023 18:32:44
Status
Replacement
Announcement Sub Title
Resignation of Executive Director, Chairman of The Board and Chairman of The ESOS Committee
Announcement Reference
SG230426OTHR97CO
Submitted By (Co./ Ind. Name)
Leung Hon Shing
Designation
Executive Director and Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Leung Chi Hang Daniel as Executive Director, Chairman of The Board and Chairman of The Employee Share Option Scheme Committee.
Additional Details
Name Of Person
Leung Chi Hang Daniel
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
27/04/2023
Detailed Reason (s) for cessation
As stated in the Announcement dated April 26, 2023, effective from April 27, 2023, Mr Leung Chi Hang Daniel resigned as the chairman of the Board, the executive director of the Company and the chairman of the employee share option scheme committee (collectively the 'Roles') due to private reasons. The Company hereby clarifies that Mr Leung Chi Hang Daniel resigned from the Roles due to the reason that following his father, Mr Leung Chun Wah, ceased to be the single largest shareholder of the Company, he wishes to devote more time to his personal commitments.
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
28/05/2020
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director, Chairman of The Board and Chairman of The Employee Share Option Scheme Committee.
Role and responsibilities
Responsible for determining the overall strategies and direction of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Yes, he is the eldest son of Mr Leung Chun Wah, a substantial shareholder of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
Please see attached APPENDIX A.
Present
Please see attached APPENDIX A.
Attachments
eWAE-20230426-Leung-Appendix A.pdf
Total size =136K
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