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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 18, 2024 20:06 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Executive Non-Independent Chairman |
| Announcement Reference | SG240418OTHR8KBZ |
| Submitted By (Co./ Ind. Name) | Chiang Wai Ming |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Non-Executive Non-Independent Chairman - Michael Wong Lok Yung This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement. The contact person for the Sponsor is Ms Audrey Mok (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. |
| Additional Details | |
| Name Of Person | Michael Wong Lok Yung |
| Age | 72 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 02/05/2024 |
| Detailed Reason (s) for cessation | Due to his age and health condition, Mr Michael Wong Lok Yung ("Mr Michael Wong") will resign as Non-Executive Non-Independent Chairman with effect from 2 May 2024. Based on its enquiries, the Company's Sponsor, SAC Capital Private Limited, is satisfied that other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Michael Wong. |
| 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 | 16/11/2023 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 3 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 4 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive Non-Independent Chairman |
| Role and responsibilities | Non-executive |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | 1. GLIDEROL DOORS (S) PTE. LTD. 2. GRIMM INDUSTRIES PTE. LTD. 3. HOMEGARDD PTE. LTD. |
| Present | D'OASIS PTE. LTD. |