Change - Announcement of Cessation::RETIREMENT OF EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
NAM CHEONG LIMITED
Securities
NAM CHEONG LTD - BMG6361R3014 - 1MZ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-May-2024 17:59:24
Status
New
Announcement Sub Title
RETIREMENT OF EXECUTIVE DIRECTOR
Announcement Reference
SG240530OTHRO2UO
Submitted By (Co./ Ind. Name)
CHEOK HUI YEE
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
RETIREMENT OF EXECUTIVE DIRECTOR

Additional Details

Name Of Person
LEONG SENG KEAT
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
30/05/2024
Detailed Reason (s) for cessation
Mr Leong Seng Keat is currently the Chief Executive Officer and Executive Director of the Company. Following the re-composition of the board size, Mr Leong Seng Keat had retired as an Executive Director after the conclusion of the Company's Annual General Meeting held on 30 May 2024 and remains as Chief Executive Officer 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
28/04/2011
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Executive - Mr Leong Seng Keat is responsible for the Group's overall business operations and strategic planning. He will continue to be responsible for this role as CEO of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Leong Seng Keat is the son-in-law of Tan Sri Datuk Tiong Su Kouk, the Executive Chairman of Nam Cheong Limited. He is the brother-in-law of Mr Tiong Chiong Hiiung, the Executive Vice Chairman and Finance Director of Nam Cheong Limited. He is the brother-in-law of Mr Tiong Chiong Soon, the Executive Director (Operations) of one of the subsidiary of Nam Cheong Limited. He is the father of Mr Leong Juin Zer Jonathan, the Executive Director (Commercial) of one of the subsidiary of Nam Cheong Limited.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Leong Seng Keat has a direct interest of 29,157 shares and deemed interest of 941,174 shares. The total shares held by Mr Leong Seng Keat is 970,331 shares.
Past (for the last 5 years)
Nil
Present
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