Hanwell : Cessation of Allan Yap as Executive Chairman and Director

9/24/2020

Change - Announcement of Cessation::Cessation of Allan Yap as Executive Chairman and Director

CHANGE - ANNOUNCEMENT OF CESSATION::CESSATION OF ALLAN YAP AS EXECUTIVE CHAIRMAN AND DIRECTOR

Issuer & Securities

Issuer/ Manager

HANWELL HOLDINGS LIMITED

Securities

HANWELL HOLDINGS LIMITED - SG1V81937806 - DM0

Stapled Security

No

Announcement Details

Announcement Title

Change - Announcement of Cessation

Date &Time of Broadcast

24-Sep-2020 22:37:39

Status

New

Announcement Sub Title

Cessation of Allan Yap as Executive Chairman and Director

Announcement Reference

SG200924OTHRXDMN

Submitted By (Co./ Ind. Name)

Chew Kok Liang / Siau Kuei Lian

Designation

Joint Company Secretaries

Description (Please provide a detailed description of the event in the box below)

Cessation of Allan Yap as Executive Chairman and Director of Hanwell Holdings Limited (the "Company")

Additional Details

Name Of Person

Allan Yap

Age

64

Is effective date of cessation known?

Yes

https://links.sgx.com/1.0.0/corporate-announcements/38OPQ1BL0MVKO03P/ddeb84728294861278e7310e8fff8c38fc6f65efc4dbb732662e6f575717e… 1/3

9/24/2020

Change - Announcement of Cessation::Cessation of Allan Yap as Executive Chairman and Director

If yes, please provide the date

23/09/2020

Detailed Reason (s) for cessation

The Company was noti ed on 23 September 2020 by Singapore Exchange Regulation that Master Glory Group Ltd, which is listed on The Stock Exchange of Hong Kong, has released an announcement on 24 August 2020 providing that Dr Allan Yap has been adjudged a bankrupt by the High Court of Hong Kong on 3 August 2020.

The Company requested for an explanation from Dr Allan Yap on 23 September 2020. The Company received the reply from Dr Allan Yap on 23 September 2020 stating that (i) he expressed his apology on his oversight to notify his updated status to the Company since he has been extremely busy engaged on his other personal commitments (ii) he would like to submit his resignation as an executive chairman of both Hanwell Holdings Limited and Tat Seng Packaging Group Limited with immediate effect and (iii) he

con rmed that he has no disagreement with the board and there are no matters to be brought to the attention of the shareholders of both Hanwell and Tat Seng.

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 nancial 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

10/05/2002

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 speci ed 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 Chairman

Role and responsibilities

Executive. Responsible for close oversight, guidance, advice and leadership to the Executive Director, Chief Operating Of cer, Management and determining Group strategies.

Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries

Tang Cheuk Chee, Executive Director of the Company is the spouse of Allan Yap

Tang Chi Ming, Vice President of Fortune Food Manufacturing Pte Ltd, a direct wholly-owned subsidiary of

https://links.sgx.com/1.0.0/corporate-announcements/38OPQ1BL0MVKO03P/ddeb84728294861278e7310e8fff8c38fc6f65efc4dbb732662e6f575717e… 2/3

9/24/2020

Change - Announcement of Cessation::Cessation of Allan Yap as Executive Chairman and Director

the Company is the brother-in-law of Allan Yap and brother of Tang Cheuk Chee

Shareholding interest in the listed issuer and its subsidiaries?

Yes

Shareholding Details

Direct interest: 1,000,000 shares of Hanwell Holdings Limited

Deemed interest: 105,663,900 shares of Hanwell Holdings Limited held by his spouse, Tang Cheuk Chee

Past (for the last 5 years)

Please see attached Past Directorships.

Present

Nil Return of Present Directorships

Attachments

Past Directorships.pdf

Total size =174K MB

https://links.sgx.com/1.0.0/corporate-announcements/38OPQ1BL0MVKO03P/ddeb84728294861278e7310e8fff8c38fc6f65efc4dbb732662e6f575717e… 3/3

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