Change - Announcement of Cessation::Demise of an Independent Director

Issuer & Securities

Issuer/ Manager
HENGYANG PETROCHEMICAL LOGISTICS LIMITED
Securities
HENGYANG PETROCHEM LOG LIMITED - SG1Y78948920 - 5PD
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-Aug-2019 18:07:53
Status
New
Announcement Sub Title
Demise of an Independent Director
Announcement Reference
SG190807OTHRVLB9
Submitted By (Co./ Ind. Name)
GU WEN LONG
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This document has been reviewed by the Company's Sponsor, CIMB Bank Berhad, Singapore Branch ("Sponsor") in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist. This document has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this document including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr Yee Chia Hsing, Head, Catalist, Investment Banking, CIMB Bank Berhad, Singapore Branch at 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, Telephone: (65) 6337 5115.

Additional Details

Name Of Person
Ho Chew Thim
Age
68
Is effective date of cessation known?
Yes
If yes, please provide the date
06/08/2019
Detailed Reason (s) for cessation
Board was informed of the passing of Mr Ho Chew Thim on 6 August 2019.
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
08/09/2009
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)
2
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.)
Independent Director
Role and responsibilities
Duties as an Independent Director, Chairman of the Nominating Committee and a member of the Audit Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
(1) R H Energy Ltd. (now known as CWG International Ltd.)
Present
(1) Hengyang Petrochemical Logistics Limited
(2) Hengyang Holding Pte. Ltd.
(3) Yongmao Holdings Limited
(4) Mencast Holdings Ltd
(5) China Kunda Technology Holdings Limited
(6) Procurri Corporation Limited
(7) Unoterra Advisory Services Pte Ltd
(8) Manulife US Real Estate Management Pte. Ltd.