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

Change - Announcement of Cessation::Cessation of Independent Non-Executive Director Issuer & Securities

Issuer/ ManagerHONG LEONG FINANCE LIMITEDSecuritiesHONG LEONG FINANCE LIMITED - SG1M04001939 - S41
Stapled SecurityNo

Announcement Details

Announcement Title Change - Announcement of CessationDate &Time of Broadcast 16-Dec-2021 18:16:03Status NewAnnouncement Sub TitleCessation of Independent Non-Executive DirectorAnnouncement ReferenceSG211216OTHR7P52Submitted By (Co./ Ind. Name)Ng Siew Ping, JaslinDesignationCompany SecretaryDescription (Please provide a detailed description of the event in the box below)Cessation of Mr Ter Kim Cheu as a Director

Additional Details

Name Of PersonTer Kim CheuAge75Is effective date of cessation known?YesIf yes, please provide the date01/01/2022Detailed Reason (s) for cessationMr Ter Kim Cheu is stepping down from the Board after having served as an independent non-executive Director of the Company since 1 September 2010. Consequent to his cessation as a Director, he will also cease to be the chairman of the Board Sustainability Committee ("BSC"), as well as a member of the Executive Committee ("Exco"), Audit Committee ("AC"), Remuneration Committee ("RC") and Hong Leong Finance Share Option Scheme 2001 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?NoIs there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?NoAny other relevant information to be provided to shareholders of the listed issuer?NoDate of Appointment to current position01/09/2010Does the AC have a minimum of 3 members (taking into account this cessation)?YesNumber of Independent Directors currently resident in Singapore (taking into account this cessation)4Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months4Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Independent Non-Executive Director
Chairman of the BSC
Member of the Exco, AC, RC and SOSC
Role and responsibilitiesAs aboveFamilial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiariesNilShareholding interest in the listed issuer and its subsidiaries?NoPast (for the last 5 years)Kimly Limited*

*Listed CompanyPresentNil

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