| 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 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 0 |
| 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 |