SGX Announcements
Change - Announcement Of Cessation As Executive Chairman And Executive Director
BackApr 27, 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 27, 2023 20:49 |
| Status | New |
| Announcement Sub Title | Cessation As Executive Chairman and Executive Director |
| Announcement Reference | SG230427OTHR0CG7 |
| Submitted By (Co./ Ind. Name) | Yusaku Mishima |
| Designation | Executive Director |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been reviewed by the Company s sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "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. Lim Hui Ling, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg. |
| Additional Details | |
| Name Of Person | Fan Chee Seng |
| Age | 64 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 27/04/2023 |
| Detailed Reason (s) for cessation | Ordinary Resolutions 3 relating to the re-election of Mr Fan Chee Seng as a Director was not passed at the Annual General Meeting of the Company held on 27 April 2023. After having interviewed Mr. Fan and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no material reasons for the cessation of Mr. Fan as the Executive Chairman and Executive Director 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 | 03/05/2018 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Chairman and Executive Director |
| Role and responsibilities | As the Executive Chairman and Executive Director of the Company, Mr. Fan is responsible for leading and implementing the Group's long-term strategy, vision and mission and the overall management, strategic planning and business development of the Group. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Direct Interest: 22,840,960 ordinary shares in OIO Holdings Limited |
| Past (for the last 5 years) | DLF Pte. Ltd. DLF Prosper Venture Pte. Ltd. Acmes-Power Building Services Pte Ltd Acmes King Corporation Pte Ltd Acmes Properties Pte. Ltd. |
| Present | DLF Engineering Pte Ltd |