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| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Resignation of Independent Non-Executive Director |
| Securities | HONG FOK CORPORATION LTD (HONGFOK) |
| Date & Time of Broadcast | May 18, 2015 18:11 |
| Submitted By | Koh Chay Tiang / Lo Swee Oi Company Secretaries |
| Description | Resignation of Independent Non-Executive Director. |
| Cessation Details | |
| Name of person | Tan Tock Han |
| Age | 68 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | May 18, 2015 |
| Detailed reason(s) for cessation | As disclosed in the Corporate Governance Statement of the Company's Annual Report 2014, Mr Tan Tock Han will step down from his office as Independent Non-Executive Director after the Annual General Meeting held on 30 April 2015 for the purpose of board renewal and succession planning. |
| 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 | Oct 18, 2001 |
| 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) | 2 |
| Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 0 |
| Job Title | Independent Non-Executive Director, Member of the Audit and Risk Management Committee, the Nominating Committee and the Remuneration Committee. |
| Role and responsibilities | Independent Non-Executive Director, Member of the Audit and Risk Management Committee, the Nominating Committee and the Remuneration Committee. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | - Brother-in-law of Mr Cheong Pin Chuan and Mr Cheong Sim Eng (Joint Chairmen & Joint Managing Directors and Substantial Shareholders) - Brother-in-law of Mdm Cheong Hooi Kheng (Executive Director & Chief Operating Officer) - Brother-in-law of Mr Cheong Kim Pong (Substantial Shareholder) |
| Shareholdings interest in the listed issuer and its subsidaries? | Yes |
| Shareholding Details | Interests in the Company - Direct Interest: 195,600 shares - Deemed Interest: 17,655,598 shares |
| Other directorships | |
| Past (for the last 5 years) | Nil |
| Present | KTL Global Limited |