Change - Announcement Of Cessation Of Chief Executive Officer
BackDec 19, 2022
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 19, 2022 17:45 |
| Status | New |
| Announcement Sub Title | Cessation of Chief Executive Officer |
| Announcement Reference | SG221219OTHRTCWT |
| Submitted By (Co./ Ind. Name) | Foo Sey Liang |
| Designation | Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Chief Executive Officer |
| Additional Details | |
| Name Of Person | Shin Taeyang |
| Age | 43 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 28/02/2023 |
| Detailed Reason (s) for cessation | Mr. Shin Taeyang ("Mr Shin") has tendered his resignation as Chief Executive Officer of the Group to pursue other career opportunities. |
| 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 | 01/01/2019 |
| 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.) | Chief Executive Officer |
| Role and responsibilities | Mr. Shin is responsible for the overall management and operations of the Group as well as building and implementing the business strategies of the Group. Mr. Shin also assumed the role of Managing Director for HG Construction Steel Pte. Ltd.. Following his resignation, the Executive Director of the Company, Mr. Foo Sey Liang will directly managing these responsibilities. |
| 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) | Nil |
| Present | HG Metal Investments Pte. Ltd. HG Construction Steel Pte. Ltd. Oriental Metals Pte Ltd First Fortune International Co. Ltd |