| Announcement of Cessation of Chief Executive Officer. Mr. Low See Ching will be re-designated as a Non-Executive Director with effect from 1 February 2014 and continue to be actively involved in key strategic initiatives of Hafary Group. | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | HAFARY HOLDINGS LIMITED |
| Company Registration No. | 200918637C |
| Announcement submitted on behalf of | HAFARY HOLDINGS LIMITED |
| Announcement is submitted with respect to * | HAFARY HOLDINGS LIMITED |
| Announcement is submitted by * | Tay Eng Kiat Jackson |
| Designation * | Financial Controller |
| Date & Time of Broacast | 23-Dec-2013 19:41:35 |
| Announcement No. | 00165 |
| Price Sensitivity | Yes |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Name * | Low See Ching |
| Age * | 38 |
| Is Effective Date of Cessation known? * | Yes |
| Effective Date of Resignation | 31/01/2014 |
| Detailed Reason(s) for cessation * | To pursue personal interests. |
| 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 * | 06/10/2009 |
| Job Title * | Chief Executive Officer. Mr. Low See Ching will be re-designated as a Non-Executive Director with effect from 1 February 2014 and continue to be actively involved in key strategic initiatives of Hafary Group. |
| Role and responsibilities * | Mr. Low See Ching is responsible for the overall management, operations and charting our corporate and strategic direction, including our sales, marketing and procurement strategies. He is also in charge of our General sales and marketing team. |
| 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) * | 3 |
| Number of Cessations of persons specified in Rule 704(7) of the Listing Manual over the past 12 months * | 0 |
| Shareholding in the listed issuer and its subsidiaries * | Mr. Low See Ching has a direct interest of 30,600,000 ordinary shares and deemed interest of 92,500,000 ordinary shares (see note) in the Company and effectively holds 28.69% equity interest in the Company. Note: 60,000,000 shares are held in the name of Bank of Singapore Nominees Pte Ltd and 32,500,000 shares are held in the name of Hong Leong Finance Nominees Pte Ltd. |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * | Mr. Low See Ching is the son of Executive Chairman, Mr. Low Kok Ann, and brother of substantial shareholder, Dr. Audrey Low Bee Lan. |
| >> Other Directorship # | |
| # These fields are not applicable for announcements of appointments pursuant to Rule 704(9) | |
| Past (for the last five years) * | Ascend Capital Pte Ltd Ascender Investment (SIMS) Pte Ltd Oxley Global Pte Ltd Woodpecker Flooring (S) Pte Ltd |
| Present * | Please refer to attachment. |
| Attachment(s) | 20131223_194135_5VS_3FFB6E4AB2C63B1248257C4700261A5D.1.pdf |
© 2013 SGX News
