Change - Announcement of Cessation::Retirement of Non-Executive and Independent Director

Issuer & Securities

Issuer/ Manager
KEONG HONG HOLDINGS LIMITED
Securities
KEONG HONG HOLDINGS LIMITED - SG2D92977651 - 5TT
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Mar-2026 06:45:41
Status
New
Announcement Sub Title
Retirement of Non-Executive and Independent Director
Announcement Reference
SG260316OTHRY4FF
Submitted By (Co./ Ind. Name)
Lim Guek Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Non-Executive and Independent Director.

Additional Details

Name of person
Chong Wai Siak
Age
78
Is effective date of cessation known?
Yes
If yes, please provide the date.
31/03/2026
Detailed reason(s) for cessation
Mr Chong Wai Siak ("Mr Chong") is due to retire as Director pursuant to Article 117 of the Company's Constitution at the forthcoming annual general meeting ("AGM") to be held on 31 March 2026. As part of the Board's progressive renewal process, Mr Chong has expressed his intention to retire from the Board and not to seek for re-election at the Company's forthcoming AGM. Upon Mr Chong's retirement, he will also relinquish his positions as Chairman of the Remuneration Committee and Member of the Audit Committee and Nominating Committee.

The Board would like to express its gratitude towards Mr Chong for his valuable contributions to the Company during his tenure of service.
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?
Yes
If yes, please elaborate.
With the retirement of Mr Chong at the conclusion of the forthcoming AGM, the AC will fall below the minimum requirement of three members. The Board is in the process of identifying a suitable Independent Director candidate to fill the vacancy and ensure compliance with the requirement.
Date of appointment to current position
01/10/2019
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director; Chairman of the Remuneration Committee and Member of the Audit Committee and Nominating Committee
Role and responsibilities
Non-Executive and Independent Director
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of independent directors currently resident in Singapore (taking into account this cessation)
2
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
3
Shareholding interest in the listed issuer and its subsidiaries
No
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Other Directorships
Past (for the last 5 years)
Nil
Present
Nil