Change - Announcement of Cessation::Cessation of Chong Heng Loong as Chief Financial Officer

Issuer & Securities

Issuer/ Manager
Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Mar-2021 21:13:39
Announcement Sub Title
Cessation of Chong Heng Loong as Chief Financial Officer
Announcement Reference
Submitted By (Co./ Ind. Name)
Lotus Isabella Lim Mei Hua
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Chong Heng Loong as Chief Financial Officer.

This announcement has been prepared by Hatten Land Limited (the "Company" ) and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor" ) for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST" ) Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Chong Heng Loong
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To explore other career opportunities. The Company's sponsor, UOB Kay Hian Private Limited, after having interviewed Mr Chong Heng Loong, is not aware of any other material reasons for the cessation of Mr Chong as the Chief Financial Officer of the Company and its subsidiaries (Hatten Land Group). In addition, Mr Chong has confirmed that there are no concerns with regards to financial reporting that led to his departure and there are no disagreements between Mr Chong and the board of directors with regard to practices that will have a material impact to the Group's financial reporting.
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.)
Chief Financial Officer
Role and responsibilities
Mr Chong was responsible for all aspects of the Hatten Land Group's financial-related activities including financial reporting,
budgeting, capital management, tax and investor relations for the Hatten Land Group.

These roles will be undertaken by the Financial Controller following the cessation of Mr Chong as the Chief Financial Officer.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
The Medici-Watermark Pte. Ltd. (an indirect subsidiary of the Company)
ECXX Global Pte. Ltd. (an associated company of the Company)

Mr Chong will also be stepping down as directors in these 2 companies subsequent to his cessation.