Change - Announcement of Cessation::Stepping Down of Executive Director - Billy Neo Kian Wee

Issuer & Securities

Issuer/ Manager
LHT HOLDINGS LIMITED
Securities
LHT HOLDINGS LIMITED - SG1BG5000006 - BEI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Feb-2025 18:43:33
Status
New
Announcement Sub Title
Stepping Down of Executive Director - Billy Neo Kian Wee
Announcement Reference
SG250228OTHREG44
Submitted By (Co./ Ind. Name)
Yap Mui Kee
Designation
Managing Director & CEO
Description (Please provide a detailed description of the event in the box below)
Stepping down of Billy Neo Kian Wee as Executive Director.

Additional Details

Name Of Person
Billy Neo Kian Wee
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
28/02/2025
Detailed Reason (s) for cessation
Stepping down of Billy Neo Kian Wee as Executive Director to pursue other interests.
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
24/02/2017
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Mr Billy Neo is a member of the Board, and the Executive Directors of the subsidiary companies including, Kim Hiap Lee Co (Pte) Ltd. LHT Marketing Pte Ltd, LHT Ecotech Resources Pte Ltd. LHT Ecotech Resources (Tianjin) Co., Ltd, and LHT ECR Packaging (Vietnam) Company Limited.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
856,000 ordinary shares (direct interest)
Other Directorships
Past (for the last 5 years)
No
Present
LHT Holdings Limited
Kim Hiap Lee Company (Pte) Limited
LHT Marketing Pte Ltd
LHT Ecotech Resources Pte Ltd
LHT Ecotech Resources (Tianjin) Co. Ltd.
LHT ECR Packaging (Vietnam) Company Limited.