Change - Announcement of Appointment::Re-designation as Executive Director and Chief Executive Officer

Issuer & Securities

Issuer/ Manager
HOE LEONG CORPORATION LTD.
Securities
HOE LEONG CORPORATION LTD. - SG1S47927920 - H20
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
09-Jan-2023 17:51:02
Status
New
Announcement Sub Title
Re-designation as Executive Director and Chief Executive Officer
Announcement Reference
SG230109OTHR51IR
Submitted By (Co./ Ind. Name)
Ang Siew Koon
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Yeo Puay Hin ("Mr Yeo") as Chief Executive Officer ("CEO") of Hoe Leong Corporation Ltd. ("the Company") and re-designation as Executive Director and CEO.

Additional Details

Date Of Appointment
09/01/2023
Name Of Person
Yeo Puay Hin
Age
54
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board concurred with the assessment of the Nominating Committee that Mr Yeo has the necessary qualifications, skillsets and relevant working experience to take on the position of CEO of the Company.

In addition, the appointment of Mr Yeo as CEO is in line with the Code of Corporate Governance's recommendation for the roles of CEO and Chairman to be separated.
Whether appointment is executive, and if so, the area of responsibility
Executive. Oversee the overall management and operations of the Company.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and CEO
Professional qualifications
Bachelor of Engineering (Electrical) from Nanyang Technological University.
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
Mr Yeo is a deemed controlling shareholder of the Company by virtue of his interest in Shing Heng Holding Pte. Ltd.
Conflict of interests (including any competing business)
Nil.
Working experience and occupation(s) during the past 10 years
23 June 2021 to 8 January 2023: Executive Director (Business Development), Hoe Leong Corporation Ltd.

2012 to 2020: Senior Director, Programme Management Office (Asia Pacific / Central Europe / Middle East / Africa), Visa Inc.

2010 to 2012: Senior Program Manager (Asia Pacific Japan), Oracle Corporation.
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Yeo is deemed interested in 6,954,794,520 ordinary shares of the Company held by Shing Heng Holding Pte. Ltd..
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Nil
Present
Directorships:
1. Shing Heng Holding Pte. Ltd.
2. Trackspares Global Pte Ltd
3. Ho Leong Tractors Sdn Bhd

Other principal commitments:
1. Director, Lew Foundation
2. Member, Central Governance Committee of Methodist Welfare Services
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Executive Director of the Company since 23 June 2021.