Change - Announcement Of Cessation :: Retirement Of Executive Director

		Investor Relations Newsroom >News Announcement Title Change - Announcement of Cessation Date & Time of Broadcast Jul 24, 2020 19:07 Status New Announcement Sub Title Retirement of Executive Director Announcement Reference SG200724OTHR6IWK Submitted By (Co./ Ind. Name) Seow Soon Yong Designation Chief Executive Officer Description (Please provide a detailed description of the event in the box below) Retirement of Mr Seow Soon Hee as Executive Director Additional Details Name Of Person Seow Soon Hee Age 69 Is effective date of cessation known? Yes If yes, please provide the date 29/06/2020 Detailed Reason (s) for cessation To pursue for other personal commitment. 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 19/10/1994 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) 4 Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Executive Director Role and responsibilities Mr. Seow Soon Hee explores business opportunities for the Group in Combined Cycle Power Plant equipment, such as air intake and bypass systems, air cooled condenser and other plant related equipment, as well as business opportunities in solar and waste-to-energy sectors. Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Mr Seow Soon Yong and Mr Siau Sun King, the Executive Directors of the Company are siblings of Mr Seow Soon Hee. Shareholding interest in the listed issuer and its subsidiaries? Yes Shareholding Details (1) Direct interest of 250,000 ordinary shares in the share capital of Yongnam Holdings Limited; and (2) Deemed interest of 6,745,346 ordinary shares in the share capital of Yongnam Holdings Limited held by his spouse. Past (for the last 5 years) Yongnam Engineering (HK) Limited Yongnam Engineering & Construction (Private) Limited, Dubai Branch Yongnam Engineering Sdn Bhd Yongnam Engineering & Construction Sdn Bhd YNE Project Engineering Pte. Ltd. Yongnam Engineering & Construction (Private) Limited Present Quanrong Infrastructure Pte Ltd Huaxin Water Pte Ltd Huaxin Water Pte Ltd (HEBI) Jinjiang Quanrong Fareast Water Treatment Co. Ltd Yuehua Holdings Pte Ltd Huaxin Investment Pte. Ltd. Huaxin Pingdinshan Water Co Ltd