Change - Announcement of Cessation::Retirement of Non-Executive Director at AGM

Issuer & Securities

Issuer/ Manager
HL GLOBAL ENTERPRISES LIMITED
Securities
HL GLOBAL ENTERPRISES LIMITED - SG1E19001288 - L18

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Apr-2014 20:38:25
Status
New
Announcement Sub Title
Retirement of Non-Executive Director at AGM
Announcement Reference
SG140430OTHRX7US
Submitted By (Co./ Ind. Name)
Foo Yang Hym
Designation
Senior Vice President - Finance/Administration
Description (Please provide a detailed description of the event in the box below)
Cessation of Non-Executive Director and Executive Committee member

Additional Details

Name Of Person
Sherman Kwek Eik Tse
Age
38
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2014
Detailed Reason (s) for cessation
Mr Sherman Kwek Eik Tse retired as a Director upon the conclusion of the Annual General Meeting ("AGM") of the Company held on 30 April 2014 pursuant to Article 113 of the Company's Articles of Association. Mr Kwek did not seek re-election as a Director of the Company at the AGM. Consequent thereto, Mr Kwek also ceased to be a member of the Executive Committee, following the conclusion of the AGM.
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
21/09/2007
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Director and Executive Committee member
Role and responsibilities
The role and responsibilities of a Non-Executive Director on the Board of Directors and as a member of the Executive Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
SWAN Holdings Limited, Shanghai International Equatorial Hotel Company Ltd., Augustland Hotel Sdn. Bhd., Scientex Park (M) Sdn. Bhd., M and C Rakindo Hospitality Private Limited
Present
Merit City Global Limited, CDL China (Shanghai) Consulting Co., Ltd., Chongqing Eling Property Development Co. Ltd, Chongqing Huang Huayuan Property Development Co., Ltd, Suzhou Global City Genway Properties Co., Ltd., CDL China Investments Limited, CDL China Limited, China Star Development Limited, China Venture Investments Limited, Global City International Limited, Orient Star Enterprises Limited, Top Globe International Limited, CDL Evergreen Pte. Ltd., Singapura Developments (Private) Limited, CES Capital Limited, Cosmic Hospitality China Limited, Richfield Hospitality China Limited, CDL Hotels (Singapore) Pte Ltd, Copthorne Hotel Qingdao Co., Ltd., Shanghai Equatorial Hotel Management Co., Ltd, LKN Investment International Pte. Ltd., Kwek Holdings Pte Ltd