CHANGE - ANNOUNCEMENT OF CESSATION::CESSATION OF CHIEF EXECUTIVE OFFICER
Issuer & Securities
Issuer/ Manager
FRASER AND NEAVE LIMITED.
Securities
FRASER AND NEAVE, LIMITED - SG1T58930911 - F99
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Sep-2025 23:40:06
Status
New
Announcement Sub Title
Cessation of Chief Executive Officer
Announcement Reference
SG250924OTHR7Z6Z
Submitted By (Co./ Ind. Name)
Jennifer Yu
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mr Hui Choon Kit will cease as Chief Executive Officer, Fraser and Neave, Limited ("F&N"). Additional Details
Name Of Person
Hui Choon Kit
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Hui has decided to retire and step down as Chief Executive Officer of F&N. The Board and Management would like to express their appreciation to Mr Hui for his invaluable contribution to the Group.
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
01/02/2022
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer
Role and responsibilities
To focus on accelerating the execution of F&N's growth strategy and driving the growth of the Group's businesses.
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?
Yes
Shareholding Details
Mr Hui holds
946,865 ordinary shares in the Company (of which 626,607 shares are held via a nominee bank account); and
132,567 unvested awards under F&N's employee share plan.
Past (for the last 5 years)
Please see Attachment A.
Present
Attachments
Attachment A_HCK.pdf
Total size =186K MB
S/N | Company Name |
1 | Warburg Engineering Pte. Ltd. (struck off on 10 October 2023) |
S/N | Company Name |
1 | FCN Ice Cream Manufacturing (Sarawak) Sdn. Bhd. (dissolved on 13 January 2025) |
2 | Tiger Tavern Sdn. Bhd. (struck off on 4 June 2025) |
S/N | Company Name |
1 | Fraser C Neave Investments (Hong Kong) Limited (dissolved on 27 September 2024) |
1 | P a g e
S/N | Company Name | Position |
1 | FCN Creameries (S) Pte. Ltd. | Director |
2 | FCN Dairy Investments Pte Ltd | Director |
3 | FCN Foods Pte Ltd | Director |
4 | FCN Global Marketing Pte. Ltd. | Director |
5 | FCN Interflavine Pte. Ltd. | Director |
6 | FCN Investments Pte Ltd | Director |
7 | FCN Myanmar Investments Pte. Ltd. | Director |
8 | FCN Treasury Pte. Ltd. | Director |
9 | FCN Ventures Pte. Ltd. | Director |
10 | FCNBEV Manufacturing Pte. Ltd. | Director |
11 | Fraser C Neave (Singapore) Pte. Limited | Director |
12 | InterFCB Pte. Ltd. | Director |
13 | The National Kidney Foundation (NKF) | Director |
14 | Times Publishing Limited | Director |
15 | Warburg Vending Pte Ltd | Director |
S/N | Company Name | Position |
1 | FCN Beverages Manufacturing Sdn. Bhd. | Director |
2 | FCN Creameries (M) Sdn. Bhd. | Director |
3 | FCN Ice Cream Manufacturing (M) Sdn. Bhd. | Director |
4 | FCN Services (FCB) Sdn. Bhd. | Director |
5 | Fraser C Neave (Malaya) Sdn Bhd | Director |
6 | Fraser C Neave Holdings Bhd | Alternate Director |
7 | Warburg Vending Malaysia Sdn. Bhd. | Director |
8 | Yoke Food Industries Sdn. Bhd. | Director |
9 | Wimanis Sdn Bhd | Director |
10 | Balance Fountain Sdn. Bhd. | Director |
11 | Ventaserv Sdn. Bhd. | Director |
12 | FCN International Market Sdn Bhd | Director |
S/N | Company Name | Position |
1 | PT FCN Indonesia | Commissioner |
2 | PT Yoke Food Industries Indonesia | Commissioner |
2 | P a g e