Change - Announcement of Cessation::Retirement of Executive Director
Issuer & Securities
YONGNAM HOLDINGS LIMITED
YONGNAM HOLDINGS LIMITED - SG1BA3000001 - AXB
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Retirement of Executive Director
Submitted By (Co./ Ind. Name)
Seow Soon Yong
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Seow Soon Hee as Executive Director
Name Of Person
Seow Soon Hee
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue for other personal commitment.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Role and responsibilities
Mr. Seow Soon Hee explores business opportunities for the Group in Combined Cycle Power Plant equipment, such as air intake and bypass systems, air cooled condenser and other plant related equipment, as well as business opportunities in solar and waste-to-energy sectors.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Seow Soon Yong and Mr Siau Sun King, the Executive Directors of the Company are siblings of Mr Seow Soon Hee.
Shareholding interest in the listed issuer and its subsidiaries?
(1) Direct interest of 250,000 ordinary shares in the share capital of Yongnam Holdings Limited; and
(2) Deemed interest of 6,745,346 ordinary shares in the share capital of Yongnam Holdings Limited held by his spouse.
Past (for the last 5 years)
Yongnam Engineering (HK) Limited
Yongnam Engineering & Construction (Private) Limited, Dubai Branch
Yongnam Engineering Sdn Bhd
Yongnam Engineering & Construction Sdn Bhd
YNE Project Engineering Pte. Ltd.
Yongnam Engineering & Construction (Private) Limited
Quanrong Infrastructure Pte Ltd
Huaxin Water Pte Ltd
Huaxin Water Pte Ltd (HEBI)
Jinjiang Quanrong Fareast Water Treatment Co. Ltd
Yuehua Holdings Pte Ltd
Huaxin Investment Pte. Ltd.
Huaxin Pingdinshan Water Co Ltd