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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Nov 28, 2023 21:47 |
| Status | New |
| Announcement Sub Title | CESSATION OF CHIEF FINANCIAL OFFICER |
| Announcement Reference | SG231128OTHRDWKQ |
| Submitted By (Co./ Ind. Name) | Ang Kiam Meng |
| Designation | Chief Executive Officer |
| Effective Date and Time of the event | 28/11/2023 17:00:00 |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been prepared by Jumbo Group Limited (the "Company") and has been reviewed by the Company's sponsor, United Overseas Bank Limited (the "Sponsor"), for compliance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. This announcement has not been examined or approved by 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 persons for the Sponsor are Mr David Tham, Senior Director, Equity Capital Markets and Ms Priscilla Ong, Vice President, Equity Capital Markets, who can be contacted at 80 Raffles Place, #03-03 UOB Plaza 1, Singapore 048624, telephone: +65 6533 9898. |
| Additional Details | |
| Name Of Person | Tay Peng Huat |
| Age | 60 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/12/2023 |
| Detailed Reason (s) for cessation | Mr. Tay Peng Huat has tendered his resignation as the Chief Financial Officer of the Group to pursue personal interests and other opportunities. Mr. Tay Peng Huat will work closely with the Group Senior Financial Controller to ensure a smooth transition and handover of duties. The Sponsor, after having interviewed Mr. Tay Peng Huat, is satisfied that other than as disclosed in the announcement, there are no material reasons for the cessation of Mr. Tay Peng Huat as Chief Financial Officer of the Group. |
| 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 | 01/12/2014 |
| 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 | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Financial Officer |
| Role and responsibilities | Mr. Tay Peng Huat is responsible for the overall finance functions and accounting matters of the Group, including implementation of internal controls and monitoring and reporting on the Group's financial performance and overseeing the preparation of accounts and financial statements of the Group. |
| 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 | 284,200 |
| Past (for the last 5 years) | (1) Jumbo F&B Services (Taiwan) Co Ltd (2) Jardine Enterprise Pte Ltd (3) Jumbo Seafood Pte Ltd (4) Ng Ah Sio Investments Pte Ltd (5) Ng Ah Sio Pte Ltd |
| Present | (1) Jumbo Group of Restaurants Pte Ltd (2) Jumbo F&B Services Pte Ltd (3) Kok Kee Wanton Noodle Pte Ltd (4) JLL F&B Services Pte Ltd (5) JCC Food Concepts Pte Ltd (6) JSL F&B Services Pte Ltd (7) Vista F&B Services Pte Ltd (alternate director) |