Announcements
Change – Announcement of Cessation: Resignation of Executive Director and Vice Chairman of the Board
Nov 21, 2022
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Nov 21, 2022 18:05:15 |
| Status | New |
| Announcement Sub Title | Resignation of Executive Director and Vice Chairman of the Board |
| Announcement Reference | SG221121OTHR698B |
| Submitted By (Co./ Ind. Name) | Ling Yong Wah |
| Designation | Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | This document has been reviewed by the Company's sponsor, Provenance Capital Pte. Ltd. ("Sponsor"), for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. It has not been examined or approved by the Singapore Exchange Securities Trading Limited ("Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document. The contact person for the Sponsor is Ms Faye Chong, Director (Corporate Finance), at 96 Robinson Road, #13-01, SIF Building, Singapore 068899. Telephone: (65) 6227 5810. Email: fayechong@provenancecapital.com |
| Name of Person |
Yeo Chee Neng |
| Age |
54 |
| Is effective date of cessation known? |
Yes |
| If yes, please provide the date |
31/12/2022 |
| Detailed Reason (s) for cessation |
Mr. Yeo Chee Neng (“Mr. Yeo”) has tendered his resignation as the Executive Director and Vice Chairman of the Board to pursue other interests. Following Mr. Yeo’s resignation, he will be appointed as the advisor to the Chairman of the Board of Directors of the Company. After having interviewed Mr. Yeo and to the best of its knowledge, the Company’s Sponsor, Provenance Capital Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Yeo as the Executive Director and Vice Chairman of the Company. |
| 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 |
01/12/2012 |
| 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) |
1 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months |
4 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months |
Executive Director and Vice Chairman of the Board |
| Roles and responsibilities |
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? |
Yes |
| Shareholding Details |
2,000,000 (Direct Interest) |
| Past (for the last 5 years) |
|
| Present |
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