Corporate News
Change - Announcement Of Resignation Of Executive Director - Hon Kar Chun
Aug 29, 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Aug 29, 2023 18:26 |
| Status | New |
| Announcement Sub Title | Resignation of Executive Director - Hon Kar Chun |
| Announcement Reference | SG230829OTHRD6C7 |
| 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 Hon Kar Chun as Executive Director, Managing Director, Member of Employee Share Option Scheme Committee and Authorised Representative. |
| Additional Details | |
| Name Of Person | Hon Kar Chun |
| Age | 60 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 28/11/2023 |
| Detailed Reason (s) for cessation | After the change of the single largest shareholder and the leadership of the Company, he has tried his very best to cope with the new working style, management and way of communication. However, it is not the way he can work with. As such, Mr. Hon is of the view that it is the right moment for him to step down and let the Board to form the best combination. |
| 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 | 28/06/2013 |
| 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 | 7 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director |
| Role and responsibilities | Responsible for developing and managing the sales and marketing operations 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 | 292,080 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: 201,241 bytes)
