Change - Announcement of Cessation::Relinquishment of Joint Chairman

Issuer & Securities

Issuer/ Manager
HONG FOK CORPORATION LIMITED
Securities
HONG FOK CORPORATION LTD - SG1J14885763 - H30
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Mar-2019 17:56:06
Status
New
Announcement Sub Title
Relinquishment of Joint Chairman
Announcement Reference
SG190301OTHRV57H
Submitted By (Co./ Ind. Name)
Lo Swee Oi / Koh Chay Tiang
Designation
Company Secretaries
Description (Please provide a detailed description of the event in the box below)
Mr Cheong Sim Eng will relinquish as the Joint Chairman but remain as the Joint Managing Director.

Additional Details

Name Of Person
Cheong Sim Eng
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
01/03/2019
Detailed Reason (s) for cessation
For complying with the Code of Corporate Governance 2018
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
31/01/2014
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)
3
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.)
Joint Managing Director
Role and responsibilities
Responsible for the Group's overall operation and management with greater emphasis in Singapore.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Brother of Mr Cheong Pin Chuan, who is a Director and subtantial shareholder of the Company.

Brother of Mr Cheong Kim Pong, who is a substantial shareholder of the Company.

Brother of Madam Cheong Hooi Kheng who is a Director of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
112,745,456 shares (direct interest) and 53,159,778 shares (deemed interest)
Past (for the last 5 years)
Nil
Present
Please refer to the attachment.

Attachments

Attachment - Other Directorships of Mr Cheong Sim Eng - Present.pdf
Total size =94K