Change - Announcement of Cessation::Cessation of Mr Ko Kheng Hwa as Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
HO BEE LAND LIMITED
Securities
HO BEE LAND LIMITED - SG1H41875896 - H13
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Apr-2025 08:23:02
Status
New
Announcement Sub Title
Cessation of Mr Ko Kheng Hwa as Independent Non-Executive Director
Announcement Reference
SG250404OTHRAR43
Submitted By (Co./ Ind. Name)
Li Xiangrun
Designation
Head of Finance and Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation as Independent Non-Executive Director

Additional Details

Name Of Person
Ko Kheng Hwa
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2025
Detailed Reason (s) for cessation
Mr Ko Kheng Hwa ("Mr Ko") has served as an Independent Non-Executive Director of the Company since 1 May 2016. In compliance with the Listing Rule 210(5)(d)(iv), which imposes a 9-year tenure limit for independent directors and to facilitate board renewal, Mr Ko will step down as Independent Non-Executive Director at the conclusion of the forthcoming annual general meeting.

Concurrently, Mr Ko will relinquish his roles as Chairman of the Audit & Risk Committee ("ARC") and a member of the Remuneration Committee ("RC") and Board Sustainability Committee ("BSC").
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
01/05/2016
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)
5
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of the ARC and a member of the RC and BSC.
Role and responsibilities
Duties of Independent Non-Executive Director, Chairman of the ARC and a member of the RC and BSC.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
AIMS APAC REIT Management Limited (Manager of the listed AIMS APAC REIT)
Present
Univers Pte. Ltd.
SG Advisory Pte Ltd
Scale Up Pte Ltd