Change - Announcement of Cessation::Retirement of Managing Director - Hong Kong

Issuer & Securities

Issuer/ Manager
THE HOUR GLASS LIMITED
Securities
THE HOUR GLASS LIMITED - SG1AE9000009 - AGS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Nov-2022 17:36:38
Status
New
Announcement Sub Title
Retirement of Managing Director - Hong Kong
Announcement Reference
SG221130OTHR7CNT
Submitted By (Co./ Ind. Name)
Christine Chan
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Chung Wai Yang as Managing Director of The Hour Glass (HK) Limited ("THG HK"). Mr Chung will be appointed as Non-Executive Chairman of THG HK with effect from 1 December 2022.

Additional Details

Name Of Person
Chung Wai Yang
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
30/11/2022
Detailed Reason (s) for cessation
Retirement after more than 28 years of service with THG HK, a wholly owned subsidiary of the Company. Mr Chung will be appointed as Non-Executive Chairman of THG HK with effect from 1 December 2022.
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
01/06/2009
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.)
Managing Director - Hong Kong
Role and responsibilities
Responsible for the development and management of The Hour Glass' Hong Kong business unit
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?
No
Other Directorships
Past (for the last 5 years)
NA
Present
NA