Change - Announcement of Cessation::Resignation from executive position

Issuer & Securities

Issuer/ Manager
HIAP SENG ENGINEERING LTD
Securities
HIAP SENG ENGINEERING LTD - SG1G69871497 - 510
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Oct-2020 17:17:14
Status
New
Announcement Sub Title
Resignation from executive position
Announcement Reference
SG201016OTHRVAB4
Submitted By (Co./ Ind. Name)
Tan Hak Jin
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mr Tan Ah Lam resigned from his executive position of the company with effect from 1 October 2020.

Additional Details

Name Of Person
Tan Ah Lam
Age
76
Is effective date of cessation known?
Yes
If yes, please provide the date
01/10/2020
Detailed Reason (s) for cessation
As the Company was placed under Judicial Management ( JM ) on 15 September 2020, Mr Tan Ah Lam stepped down from executive role to enable him to pursue his other personal interest. However, he will remain with the board to facilitate and continue to assist and support the JM process.
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
01/04/2017
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
Role and responsibilities
Mr Tan Ah Lam is responsible for leading the Board and facilitating its effectiveness, ensuring the board members are provided with accurate, timely and clear information and approves the agenda of each board meeting.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Tan Ah Lam is a brother of Mr Tan Leau Kuee @Tan Chow Kuee
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct interest of 3,319,500 shares and indirect interest of 70,788,639 shares of the Company held by Tan Kuay Hoe Holdings Pte Ltd
Past (for the last 5 years)
NA
Present
NA