Change - Announcement of Cessation::Retirement of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
HOE LEONG CORPORATION LTD.
Securities
HOE LEONG CORPORATION LTD. - SG1S47927920 - H20
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Jan-2023 17:46:51
Status
New
Announcement Sub Title
Retirement of Chief Executive Officer
Announcement Reference
SG230109OTHRUIZE
Submitted By (Co./ Ind. Name)
Ang Siew Koon
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Liew Yoke Pheng Joseph ("Mr Liew") as Chief Executive Officer ("CEO") of Hoe Leong Corporation Ltd. ("the Company").

Mr Liew shall continue to assume the role as Executive Chairman of the Company.

Additional Details

Name Of Person
Liew Yoke Pheng Joseph
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
09/01/2023
Detailed Reason (s) for cessation
Mr Liew is retiring as CEO but he shall remain as the Executive Chairman of the Company to focus on the strategic initiatives of the Group, in addition to his stewardship role in steering the Board and ensuring its performance effectiveness.
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
25/10/2019
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.)
Executive Chairman and CEO, and a member of the Nominating Committee
Role and responsibilities
Executive. Responsible for the Group's business operations and strategic planning.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
48,000,000 ordinary shares of the Company.
Other Directorships
Past (for the last 5 years)
1. Innovalues Limited; and
2. Shanghai Turbo Enterprises Ltd.
Present
1. Trackspares Global Pte Ltd;
2. Hoe Leong Crawler Parts Pte Ltd;
3. Ho Leong Tractors Sdn Bhd;
4. Trackspares (Australia) Pty Ltd;
5. Trackex Pty Ltd;
6. Korea Crawler Track Ltd;
7. Grand Venture Technology Limited;
8. Lew Foundation;
9. Char Yong (Dabu) Foundation; and
10. Tianjin Pharmaceutical Da Ren Tang Group Corporation Limited