The Board of Directors ("Board") of HEXZA has on 29 November 2022 announced that the combination of Nomination Committee and Remuneration Committee into a single committee known as "Nomination and Remuneration Committee".
The rationale for the combination of the two (2) Board Committees is to lessen administrative and regulatory burdens and to enhance the efficiency of the Board Committees in discharging their duties and responsibilities.
The composition of the Nomination Committee and the Remuneration Committee are as follows (before the combination):-
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Nomination Committee
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Remuneration Committee
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Chairman
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1. Ms. Chong Yoke Seng
(Independent Non-Executive Director)
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1. Mr. Tsen Keng Yam
(Independent Non-Executive Director)
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Members
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2. Mr. Ooi Ying Hong
(Non-Independent Non-Executive Director)
3. Mr. Tsen Keng Yam
(Independent Non-Executive Director)
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2. Ms. Chong Yoke Seng
(Independent Non-Executive Director)
3. Mr. Ooi Ying Hong
(Non-Independent Non-Executive Director)
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After combination, the composition of the Nomination and Remuneration Committee are as follows:-
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Nomination and Remuneration Committee
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Chairman
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1. Ms. Chong Yoke Seng
(Independent Non-Executive Director)
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Members
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2. Mr. Ooi Ying Hong
(Non-Independent Non-Executive Director)
3. Mr. Tsen Keng Yam (appointed on 29 November 2022)
(Independent Non-Executive Director)
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This announcement is dated 29 November 2022.