Change - Announcement of Cessation::Retirement of Executive Chairman & Managing Director

Issuer & Securities

Issuer/ Manager
HOTEL GRAND CENTRAL LIMITED
Securities
HOTEL GRAND CENTRAL LTD - SG1J41888780 - H18
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Feb-2025 17:44:06
Status
New
Announcement Sub Title
Retirement of Executive Chairman & Managing Director
Announcement Reference
SG250221OTHRS68O
Submitted By (Co./ Ind. Name)
Yoo Loo Ping
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Executive Chairman & Managing Director.

Additional Details

Name Of Person
Tan Eng Teong
Age
86
Is effective date of cessation known?
Yes
If yes, please provide the date
21/02/2025
Detailed Reason (s) for cessation
As part of the succession planning, Mr Tan Eng Teong has expressed his desire to step down as the Executive Chairman and Managing Director of the Company.
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
10/07/1968
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman and Managing Director.
Role and responsibilities
His area of responsibilities include:
a) Steering the strategic direction and growth of the Group's business.
b) Setting the agenda for Board's meeting.
c) Ensuring the information flow between management and the Board.
d) Overseeing the day to day running business in Singapore, Australia, New Zealand, Malaysia and China.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
1. Brother of Tan Teck Lin (Executive Director of the Company) and Tan Eng How (Non-Independent Non-Executive Director of the Company).
2. Father of Tan Hwa Lian (Executive Director of the Company) and Tan Hwa Lam (Executive Director of the Company).
3. Uncle of Tan Hwa Imm (Alternate Director to Tan Teck Lin).
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct Interested in 43,139 Ordinary Shares in the share capital of the Company.

Deemed Interested in 480,858,038 Ordinary Shares in the share capital of the Company.
Past (for the last 5 years)
NIL
Present
1. Director of Tan Eng Teong Pte Ltd
2. Director of Tan Eng Teong Holdings Sdn Bhd
3. Director of Tan Chee Hoe & Sons Holdings Pte Ltd
4. Director of Hotel Chancellor @ Orchard Pte Ltd
5. Director of Grand Central Management (S) Pte Ltd
6. Grand Central International Management (S) Pte Ltd