Nomination and selection of Directors When the need to appoint a new Director arises, the NC reviews the range of expertise, skills and attributes of the Board members, and identifies the Board’s need and shortlists candidates who will complement the skills, competencies and attributes of the existing Board members and the requirements of the Group. Potential candidates are selected through internal resources, referrals from existing Directors and/or external search. The candidate must also be able to commit sufficient time and attention to the affairs of the Company, especially if he/she is serving on multiple boards. The Board believes that board diversity is more than just about gender diversity and embraces other factors such as a need for individuals from all backgrounds, skill sets, work experience, abilities and beliefs for better Board performance. New Directors are appointed by way of a Board resolution after the NC has reviewed and recommended the appointment of these new Directors. Article 122 of the Company’s Constitution requires that new Directors appointed by the Board to hold office until the next Annual General Meeting (“AGM”). For re-appointment/re-election, the NC is charged with the responsibility of recommending to the Board the re-appointment/re-election of Director(s) having regard to, among other things, his/their/her past contribution and performance. Provision 4.3 The Directors submit themselves for re-nomination and re-election at regular intervals of at least once every three years. Pursuant to the Constitution of the Company, one third of the Board or if their number is not a multiple of three, the number nearest but not less than one third with a minimum of one, to retire from office by rotation and be subjected to re-election at the AGM of the Company. A newly appointed Director must also subject himself/herself to retirement and re-election at the AGM immediately following his/her appointment. Thereafter, he/she is subject to retirement by rotation once every three years. Rule 720(5) Key information of each director is set out on pages 18 to 21 of this report and the dates of their initial appointment and last re-appointment/re-election are set out below: Name of Director Date of initial appointment Date of last re-appointment/re-election Leo Ting Ping Ronald 15 April 2008 28 March 2025 Er Ang Hooa 26 September 2011 28 March 2025 Xu Quanqiang 29 March 2021 28 March 2024 Chong Wai Siak 1 October 2019 28 March 2024 Koh Tee Huck Kenneth 30 September 2021 28 March 2024 Fong Heng Boo 1 January 2022 28 March 2025 Wong Ee Kean 31 January 2024 28 March 2024 The Directors due for re-nomination and re-election at the forthcoming AGM under Article 117 of the Company’s Constitution are Mr Xu Quanqiang, Mr Chong Wai Siak (“Mr Chong”) and Mr Koh Tee Huck Kenneth (“Mr Koh”). Both Mr Chong and Mr Koh have expressed their intention to retire from the Board of Directors and as such, they would not be seeking for re-election at the forthcoming AGM. Mr Chong, will upon retirement, relinquish from the positions as the Chairman of the RC and a member of the AC and NC. Mr Koh Tee Huck Kenneth will, upon retirement as a director, relinquish his positions as the Chairman of the NC and a member of the AC and RC. Rule 720(6) After assessing the contribution and performance of the retiring Director, the NC has recommended the re-election of Mr Xu Quanqiang, who will be retiring under Article 117 of the Company’s Constitution at the forthcoming AGM. Mr Xu Quanqiang, has offered himself for re-election and the Board has accepted the recommendations of the NC. Mr Xu had recused himself relating to the recommendation on his re-election as director of the Company. Rule 720(5) Information relating to Mr Xu Quanqiang, is set out on pages 133 and 134 of the Annual Report, in accordance with Rule 720(6) of the Listing Manual of SGX-ST. ANNUAL REPORT 2025 KEONG HONG HOLDINGS LIMITED 32 CORPORATE GOVERNANCE REPORT
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