HSR GLOBAL LIMITED: ANNOUNCEMENT OF CESSATION AS EXECUTIVE CHAIRMAN & CHIEF EXECUTIVE OFFICER

Announcement of Cessation of Executive Chairman & Chief Executive Officer
* Asterisks denote mandatory information
Name of Announcer *	HSR GLOBAL LIMITED
Company Registration No.	197300314D
Announcement submitted on behalf of	HSR GLOBAL LIMITED
Announcement is submitted with respect to *	HSR GLOBAL LIMITED
Announcement is submitted by *	Ng Kah Tie
Designation *	Executive Director
Date & Time of Broacast	14-May-2013 23:31:02
Announcement No.	00248
Price Sensitivity	Yes

>> Announcement Details

The details of the announcement start here ...

Name *	Liew Siow Gian Patrick
Age *	56
Is Effective Date of Cessation known? *	Yes
Effective Date of Resignation	15/05/2013
Detailed Reason(s) for cessation *	Pursuant to the reconstitution of the Board of Directors of the Company following the close of the mandatory unconditional cash offer by Phileo Capital Limited to acquire all the issued and paid-up ordinary shares in the capital of the Company. Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Liew Siow Gian Patrick as the Executive Chairman and Chief Executive Officer of the Company.
Is there any difference of opinion on material matters between the person and the Board of directors? *	No
If yes, please elaborate *	NA
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
Date of Appointment to current position *	31/01/2011
Job Title *	Executive Chairman & Chief Executive Officer
Role and responsibilities *	He is responsible for the overall management of the Group, its business strategy, development of markets and the Group's future plans and directions.
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 resignation) *	4
Number of Cessations of persons specified in Rule 704(7) of the Listing Manual over the past 12 months *	0
Interest in the listed issuer and its subsidiaries *	Direct Interest - 2,000,000 ordinary shares of the Company. Deemed Interest - 13,000,000 ordinary shares of the Company.
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *	Mr Liew Siow Gian Patrick is the spouse of Ms Lim Sook Lin and is deemed to be interested in the 13,000,000 ordinary shares of the Company held directly by Ms Lim Sook Lin.

>> Other Directorship #
# These fields are not applicable for announcements of appointments pursuant to Rule 704(9)
Past (for the last five years) *	Success Resources Pte Ltd Sucess Resources China Pte Ltd (struck off in year 2010) Skyquestcom Global China Pte Ltd Skyquestcom Global (Latin America) Pte Ltd Skyquestcom Pte Ltd (struck off in year 2011) Skyquestcom Global Pte Ltd Ascent Realty Pte Ltd Success Resources International Pte Ltd PPH Development Pte Ltd PPH Holdings Pte Ltd (struck off in year 2013) PPH Pte Ltd
Present *	HSR International realtors Pte Ltd HSR Property Consultants Pte Ltd Hastor Property Services Pte Ltd Optimax Consultancy Pte Ltd Whitehouse Holdings Private Limited Paxel Consultants Pte Ltd Paxel Design Pte Ltd Paxel. International Marketing Pte Ltd Success Resources Global Ltd (Incorporated in Cayman Islands) Junior Achievement Singapore Ltd Glowtrac Investment HSR Global (Australia) Pty Ltd

Footnotes

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte Ltd (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Mr Mark Liew, Managing Director, Corporate Finance, at 20 Cecil Street, #21-02 Equity Plaza, Singapore 049705, telephone [phone].