Hatten Land Limited (Under Judicial Management): Key Outcomes from the Extraordinary General Meeting (EGM)

Overview of the EGM

Hatten Land Limited, currently under judicial management, convened an Extraordinary General Meeting (EGM) on 13 February 2026 at 9.04 a.m. The meeting was held at Function Room, LR Floor, 380 Jalan Besar, ARC 380, Singapore. The EGM was chaired by Mr. Tan Wei Cheong, who serves as Joint and Several Judicial Manager of the company.

Key Points and Resolutions Discussed

• Quorum and Procedural Confirmation: The meeting commenced with confirmation from the Company Secretary that the necessary quorum was present.
• Notice of EGM and Submission of Questions: The notice of the EGM and accompanying circular had been duly circulated to shareholders, and the notice was taken as read with shareholder consent. Shareholders were invited to submit substantial and relevant questions prior to or during the EGM; however, no questions were received by the cut-off date.
• Voting Process: All resolutions at the EGM were conducted via poll, as stipulated by the Listing Manual Section B: Rules of Catalist of the Singapore Exchange (SGX-ST). Shareholders could vote in person or appoint proxies. All proxy forms were checked and verified by the appointed Polling Agent (B.A.C.S. Private Limited) and Scrutineer (Gong Corporate Services Pte. Ltd.), and found to be in order.

Major Resolution: Proposed Change of Auditor

The sole substantial item on the agenda was an Ordinary Resolution to approve the proposed change of auditor for Hatten Land Limited. The details are as follows:

• Resignation of Current Auditor: Subject to the consent of the Registrar of Companies, the current auditor, RT LLP, will resign.
• Appointment of New Auditor: Forvis Mazars LLP, having consented to act, will be appointed as the new auditor to hold office until the conclusion of the next annual general meeting. Their remuneration and terms will be agreed upon between the Judicial Managers and/or the directors of the Company and Forvis Mazars LLP.
• Authorisation for Judicial Managers: The Judicial Managers and other authorised representatives are empowered to do all acts necessary to effect this change, including executing relevant documents and making filings with authorities.
• Ratification: Any prior acts performed by the Judicial Managers or authorised representatives in relation to the auditor change are approved, confirmed, and ratified.

Poll Results and Shareholder Voting

After the resolution was put to vote and poll procedures briefed by the Scrutineer, the EGM was temporarily adjourned for vote counting. Upon reconvening, the results were announced:

The resolution was overwhelmingly approved by shareholders, with 99.96% voting in favour and only 0.04% against.

Potential Price-Sensitive and Shareholder-Relevant Information

• Change of Auditor: The appointment of new auditors is a potentially price-sensitive event as it may signal changes in the company’s financial oversight, audit approach, or future financial reporting. Investors should note that Forvis Mazars LLP will be responsible for auditing the next annual accounts.
• Judicial Management Continuation: The company remains under judicial management, which is a material factor for shareholders and potential investors. This status signals ongoing restructuring or financial recovery actions, and the involvement of the Judicial Managers in key decisions like auditor appointment underlines the seriousness of the company’s current situation.

Conclusion

The EGM concluded with no other business raised, and the meeting was officially closed at 9.16 a.m. The smooth approval of the new auditor and the efficient conduct of the meeting may provide some stability signals to investors, but the continuing judicial management remains a critical factor for valuation and investment risk.

Disclaimer

This article is for informational purposes only and does not constitute financial advice or an offer to purchase or sell any securities. Investors are advised to conduct their own due diligence or seek professional advice before making investment decisions.

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