This printed article is located at https://jumbogroup.listedcompany.com/news.html
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 19, 2024 19:04 |
| Status | New |
| Announcement Sub Title | Retirement of Executive Director |
| Announcement Reference | SG240119OTHR3OM1 |
| Submitted By (Co./ Ind. Name) | Tan Yeow Meng, Stanley |
| Designation | Group Senior Financial Controller |
| Effective Date and Time of the event | 19/01/2024 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 person for the Sponsor is 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 | Tan Yong Chuan, Jacqueline |
| Age | 61 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 19/01/2024 |
| Detailed Reason (s) for cessation | At the Company's annual general meeting held on 19 January 2024, Mdm. Tan Yong Chuan, Jacqueline, an Executive Director who was appointed in 2015, retired by rotation in accordance with the constitution of the Company and has decided not to seek re-election to the Board. Upon the retirement of Mdm. Tan Yong Chuan, Jacqueline as an Executive Director of the Company, Mdm. Tan Yong Chuan, Jacqueline will remain as a director of various subsidiaries of the Company. The Sponsor, after having interviewed Mdm. Tan Yong Chuan, Jacqueline, is satisfied that other than as disclosed in this announcement, there are no material reasons for the retirement of Mdm. Tan Yong Chuan, Jacqueline as an 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 | 04/02/2015 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director |
| Role and responsibilities | Mdm. Tan Yong Chuan, Jacqueline oversees the procurement and purchasing function, merchandising and pricing strategies, and monitors the key performance indicators , such as customer engagement and reviews. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | - Mr. Ang Kiam Meng (spouse of Mdm. Tan Yong Chuan, Jacqueline) - Mrs. Christina Kong Chwee Huan (sister-in-law of Mdm. Tan Yong Chuan, Jacqueline) |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 3,006,352 |
| Past (for the last 5 years) | - NuLife Care and Counselling Service Limited - Jumbo Catering Pte. Ltd. |
| Present | - Jumbo Group of Restaurants Pte. Ltd. - Jumbo F&B Services Pte. Ltd. - JBT (China) Pte. Ltd. - Kok Kee Wanton Noodle Pte. Ltd. - JLL F&B Services Pte. Ltd. - Singapore Seafood Republic Pte. Ltd. (Alternate Director) |