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

Issuer & Securities

Issuer/ Manager
HL GLOBAL ENTERPRISES LIMITED
Securities
HL GLOBAL ENTERPRISES LIMITED - SG1AI6000003 - AVX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Dec-2021 18:19:27
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director
Announcement Reference
SG211229OTHR6DMA
Submitted By (Co./ Ind. Name)
Foo Yang Hym
Designation
Company Secretary / Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Ms Loo Hwee Fang as a Director of HL Global Enterprises Limited ("HLGE" or the "Company").

Additional Details

Name Of Person
Loo Hwee Fang
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2022
Detailed Reason (s) for cessation
Ms Loo Hwee Fang is stepping down from the Board of Directors of HLGE after having served as an Independent Non-Executive Director of the Company since 1 March 2012. Consequent to her cessation as a Director, she will also cease to be the chairman of the Nominating Committee ("NC"), as well as a member of the Audit and Risk Committee ("ARC"), Remuneration Committee ("RC") and HL Global Enterprises Share Option Scheme 2006 Committee ("SOSC").
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
01/03/2012
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)
3
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 NC
Member of the ARC, RC and SOSC
Role and responsibilities
As above
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?
No
Past (for the last 5 years)
Access Myanmar Holding Company Pte. Ltd. (Struck off)
Imbergold Pte. Ltd. (Struck off)
Seagram MM Holdings Pte. Ltd.
Terracom Limited *
Yoma Micro Power (S) Pte. Ltd.

* Listed Company
Present
Altai Myanmar Company Limited
Blue Ridge Company Limited
D Myanmar Investment (Singapore) Pte. Ltd.
Myanmar Motors Pte. Ltd.
Welbeck Global Limited
Yoma Agricultural & Logistics Holding Pte. Ltd.
Yoma Education Pte. Ltd.
Yoma F&B Pte. Ltd.
Yoma Financial Services Pte. Ltd.
Yoma MFS Holdings Pte. Ltd.
Yoma-AC Energy Holdings Pte. Ltd.
YSH Finance Ltd