Corporate News
Change - Announcement Of Resignation Of Executive Director - Leung Hon Shing
Aug 02, 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Aug 2, 2023 19:00 |
| Status | New |
| Announcement Sub Title | Resignation of Executive Director - Leung Hon Shing |
| Announcement Reference | SG230802OTHRRET7 |
| 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 Hon Shing as Executive Director, Chief Financial Officer, Company Secretary and Authorised Representative. |
| Additional Details | |
| Name Of Person | Leung Hon Shing |
| Age | 58 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 02/11/2023 |
| Detailed Reason (s) for cessation | Since the recent significant shareholding and leadership changes in the Company, he has tried his best efforts to bridge the communication gap with the new leadership. Notwithstanding that Mr. Leung does not have any unresolved differences in opinion on material matters with the Board, in view of the lack of alignment with the new leadership, he has difficulty in discharging his duties effectively. As such, Mr. Leung is of the view that this would be an appropriate juncture for him to step down from his roles in the Company, and for the Board to appoint suitable candidate(s) to take on his roles. |
| 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 | 31/07/2014 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 0 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 6 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director |
| Role and responsibilities | Responsible for financial management and company secretarial matters of the Group. |
| 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? | Yes |
| Shareholding Details | 224,824 ordinary shares in Willas-Array Electronics (Holdings) Limited |
| Past (for the last 5 years) | Please see attached APPENDIX. |
| Present | Please see attached APPENDIX. |
Attachments
- Appendix (Size: 9,390 bytes)
