Corporate News
Replace - Change - Announcement Of Resignation Of Executive Director, Chairman Of The Board And Chairman Of The ESOS Committee
May 02, 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 2, 2023 18:32 |
| Status | Replace |
| Announcement Sub Title | Resignation of Executive Director, Chairman of The Board and Chairman of The ESOS Committee |
| Announcement Reference | SG230426OTHR97CO |
| Submitted By (Co./ Ind. Name) | Leung Hon Shing |
| Designation | Executive Director and Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Mr Leung Chi Hang Daniel as Executive Director, Chairman of The Board and Chairman of The Employee Share Option Scheme Committee. |
| Additional Details | |
| Name Of Person | Leung Chi Hang Daniel |
| Age | 47 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 27/04/2023 |
| Detailed Reason (s) for cessation | As stated in the Announcement dated April 26, 2023, effective from April 27, 2023, Mr Leung Chi Hang Daniel resigned as the chairman of the Board, the executive director of the Company and the chairman of the employee share option scheme committee (collectively the 'Roles') due to private reasons. The Company hereby clarifies that Mr Leung Chi Hang Daniel resigned from the Roles due to the reason that following his father, Mr Leung Chun Wah, ceased to be the single largest shareholder of the Company, he wishes to devote more time to his personal commitments. |
| 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 | 28/05/2020 |
| 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 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director, Chairman of The Board and Chairman of The Employee Share Option Scheme Committee. |
| Role and responsibilities | Responsible for determining the overall strategies and direction of the Group. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Yes, he is the eldest son of Mr Leung Chun Wah, a substantial shareholder of the Company. |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Please see attached APPENDIX A. |
| Present | Please see attached APPENDIX A. |
Attachments
- Appendix A (Size: 139,705 bytes)
