Governance Announcement Regarding Chair, Mr. Lee Joo Hai

PGG Wrightson Ltd | NZX Announcement 1







30 JUNE 2023
Governance Announcement Regarding Chair, Mr. Lee Joo Hai

PGG Wrightson Limited
1
(PGW) notes that the PGW Board of Directors have been informed that its
Chair, Mr. Lee Joo Hai has been charged in Singapore under certain Singaporean securities
regulation in respect to potential lapses in relevant disclosures related to a Singaporean listed
company, Hyflux Limited in respect of which Mr. Lee was a director.
The PGW Board notes that these matters are completely unrelated to PGW and the business and
operations of PGW.
The PGW Board has considered matters and understands that Mr. Lee is defending these charges.
The PGW Board has agreed with Mr. Lee that it is currently considered that the charges and related
investigations do not compromise the performance of Mr. Lee’s duties in relation to PGW. The PGW
Board (with Mr. Lee abstaining) are of the view that it remains appropriate for Mr. Lee to continue as
a Director and Chair of PGW.
The PGW Board has requested Mr. Lee keep the PGW Board updated on the conduct of these
investigations and charges laid in Singapore. The PGW Board will accordingly continue to monitor
matters and evaluate Mr. Lee’s continued suitability as a Director and Chair of PGW.


Registered Office:
PGG Wrightson Limited
1 Robin Mann Place, Christchurch Airport
Christchurch 8053, New Zealand
Phone: 0800 10 22 76 / +64 3 477 4520
Website: pggwrightson.co.nz

1
All references to PGG Wrightson Limited refer to the company, its subsidiaries and interests in associates and
jointly controlled entities.