| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Cessation As Group COO & Re-Designation To Non-Independent & Non-Executive Director - Teo Yew Boon |
| Securities |
TIONG WOON CORP HOLDING LTD (TIONG WOON) |
| Date & Time of Broadcast | Nov 18, 2021 17:21 |
| Submitted By |
Joanna Lim Lan Sim Company Secretary |
| Description | Cessation of Mr Teo Yew Boon as Group Chief Operating Officer and re-designation to Non-Independent and Non-Executive Director of the Company. |
| Cessation Details | |
| Name of person | Teo Yew Boon |
| Age | 49 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Dec 6, 2021 |
| Detailed reason(s) for cessation | Mr Teo Yew Boon will relinquish his position as Group Chief Operating Officer to focus on his other business and personal interest. He shall remain as a Director of the Company until 30 June 2022 and re-designated as Non-Independent and Non-Executive Director of the Company. This will facilitate a smooth handover of his duties to his successor. In the interim, our Chief Executive Officer, Mr Ang Guan Hwa, will take over his portfolio. |
| 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 | Jan 1, 2021 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of independent directors currently resident in Singapore (taking this 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 | Group Chief Operating Officer and Executive Director. |
| Role and responsibilities | As Group Chief Operating Officer, Mr Teo Yew Boon is responsible for the Group's operations and safety, business development, commercial and contractual functions. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | None. |
| Shareholdings interest in the listed issuer and its subsidaries? | No |
| Other directorships | |
| Past (for the last 5 years) | Nil |
| Present |
Year 2021 - Present Tiong Woon Corporation Holding Ltd - Executive Director and Group Chief Operating Officer |
Change - Announcement Of Cessation: : Cessation As Group COO & Re-Designation To Non-Independent & Non-Executive Director - Teo Yew Boon
Earlier from Tiong Woon
- Change - Announcement Of Appointment: : Promotion Of Senior Sales & Operations Executive To Asst. Operations Manager - Mr Ong Lip Kong Henry
- Change - Announcement Of Appointment: : Promotion Of Logistics Manager To Senior Logistics Manager - Ms Ang Li Fern
- Change - Announcement Of Appointment: : Promotion Of Group Hr And Administration Manager To Group Chief People Officer - Ms Ang Siew Chien
- Change - Announcement Of Appointment: : Promotion Of Group Finance Manager To Group Financial Controller - Mr Tan Yuet Jin