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Change - Announcement Of Resignation Of Deputy Chairman, Non-Independent And Non-Executive Director
BackJul 01, 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 1, 2023 0:09 |
| Status | New |
| Announcement Sub Title | Resignation of Deputy Chairman, Non-Independent and Non-Executive Director |
| Announcement Reference | SG230701OTHR6BYT |
| Submitted By (Co./ Ind. Name) | Mdm Chia Lay Beng |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Deputy Chairman, Non-Independent and Non-Executive Director |
| Additional Details | |
| Name Of Person | Gary Loh Hock Chuan |
| Age | 57 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/07/2023 |
| Detailed Reason (s) for cessation | Mr. Gary Loh Hock Chuan has decided to step down as a Non-Independent Non-Executive Director to pursue his personal interest. |
| 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 | 15/04/2007 |
| 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) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Deputy Chairman, Non-Independent and Non-Executive Director |
| Role and responsibilities | Non-Independent and Non-Executive |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | First Alverstone Capital Limited ("FACL") is a substantial shareholder of the Company and FACL is wholly owned by Mr Loh and his spouse Selena Cheng Koh Min and accordingly. Mr Loh is deemed to be interested in all the shares of the Company held by FACL. |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Deemed interest of 59,712,722 ordinary shares in the Company, held via First Alverstone Capital Limited. |
| Past (for the last 5 years) | 1. First Alverstone Partners Pte Ltd 2. SLS Atelier Pte Ltd 3. DiMuto Pte Ltd 4. ACPG Alverstone Pte Ltd 5. First Alverstone Capital Ltd 6. First Alverstone Partners (Global) Ltd |
| Present | 1. First Alverstone Partners Pte Ltd 2. SLS Atelier Pte Ltd 3. DiMuto Pte Ltd 4. ACPG Alverstone Pte Ltd 5. First Alverstone Capital Ltd 6. First Alverstone Partners (Global) Ltd 7. Tutum.AI Pte Ltd |