Change - Announcement of Cessation::Retirement of Executive Director

Issuer & Securities

Issuer/ Manager
FU YU CORPORATION LIMITED
Securities
FU YU CORPORATION LTD - SG1B56010922 - F13
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Apr-2024 17:27:02
Status
New
Announcement Sub Title
Retirement of Executive Director
Announcement Reference
SG240425OTHRC5YH
Submitted By (Co./ Ind. Name)
Janet Tan
Designation
Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Executive Director and Chief Executive Officer

Additional Details

Name Of Person
Hew Lien Lee
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2024
Detailed Reason (s) for cessation
Mr Hew did not seek for re-election as a Director of the Company at the Annual General Meeting held on 25 April 2024. Accordingly, Mr Hew has retired and ceased as a Director of the Company pursuant to Regulation 110 of the Constitution of the Company, and 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
22/03/2007
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer
Role and responsibilities
Responsible for the overall strategic direction and management of the Company.
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
Direct interest - 4,000,000 ordinary shares
Past (for the last 5 years)
Nil
Present
Fu Yu Ventures Pte Ltd
Fu Yu Investment Pte Ltd
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Classic Advantage Sdn Bhd
Fu Hao Manufacturing (M) Sdn Bhd
Fu Yu Biomedical Pte Ltd
Fu Yu Moulding & Tooling (Suzhou) Co., Ltd
Fu Yu Moulding & Tooling (Dongguan) Co., Ltd
Fu Yu Moulding & Tooling (Zhuhai) Co., Ltd