Change - Announcement of Cessation::Cessation as Non-Executive Director

Issuer & Securities

Issuer/ Manager
HOTUNG INVESTMENT HLDGS LTD
Securities
HOTUNG INVESTMENT HLDGS LTD - BMG4612P2085 - BLS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
08-Apr-2026 17:32:41
Status
New
Announcement Sub Title
Cessation as Non-Executive Director
Announcement Reference
SG260408OTHRXXET
Submitted By (Co./ Ind. Name)
Hsin-Chieh Chung
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please see details below.

Additional Details

Name of person
Philip N. Pillai
Age
78
Is effective date of cessation known?
Yes
If yes, please provide the date.
23/04/2026
Detailed reason(s) for cessation
Dr. Philip N. Pillai has indicated his intention not to seek re-election and will accordingly retire as a Director of the Company at the conclusion of the Annual General Meeting of the Company to be held on 23 April 2026, pursuant to Bye-laws 94 and 95 of the Bye-laws of the Company and Rule 720(5) of the Listing Manual of the SGX-ST.
Dr. Pillai has served as a Director of the Company since its listing in 1997, and, following his resignation from the Board upon his appointment as a Judicial Commissioner and subsequently as a Judge of the Supreme Court of Singapore from 2009 to 2012, rejoined the Board in 2018. During his tenure, he has provided the Board with independent perspectives, sound judgment and insightful guidance. The Board would like to express its sincere appreciation to Dr. Pillai for his contributions to the Board over the past two decades. His insightful perspectives have been instrumental in shaping and strengthening the Company's strategic direction.
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
17/04/2018
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Director, member of Audit Committee
Role and responsibilities
Non-Executive
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
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
3
Shareholding interest in the listed issuer and its subsidiaries
No
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Other Directorships
Past (for the last 5 years)
SMRT Corporation Ltd / non-executive director
SMRT Trains Ltd. / non-executive director
Capitaland Limited / non-executive director
Present
None