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 19:05 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Director |
| Announcement Reference | SG240119OTHRWAGW |
| 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 (the "Catalist Rules"). 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 | Lim Boh Soon |
| Age | 67 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 19/01/2024 |
| Detailed Reason (s) for cessation | Dr. Lim Boh Soon was appointed to our Board in 2015 and will reach the nine year tenure limit as an Independent Director in October 2024. To be in compliance with Rule 406(3)(d)(iv) of the Catalist Rules and in accordance with the constitution of the Company, Dr. Lim Boh Soon has retired by rotation and has decided not to seek re-election to the Board at the Company's annual general meeting held on 19 January 2024. Following Dr. Lim Boh Soon's retirement as an Indendent Director of the Company, he will cease to be an Independent Director and will relinquish his position as Chairman of the Nominating Committee and Investment Committee and as a member of the Audit Committee and Remuneration Committee. The Sponsor, after having interviewed Dr. Lim Boh Soon, is satisfied that other than as disclosed in this announcement, there are no material reasons for the retirement of Dr. Lim Boh Soon as an Independent 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 | 22/10/2015 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| 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 | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, Chairman of the Nominating Committee and Investment Committee, and member of the Audit Committee and Remuneration Committee |
| Role and responsibilities | Fulfilling the duties of an Independent Director, Chairman of the Nominating Committee and Investment Committee, and a member of the Audit Committee and Remuneration Committee |
| 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? | No |
| Past (for the last 5 years) | - Katharos Group Pte. Ltd. - Katharos Holdings Pte. Ltd. - Katharos Technologies Pte. Ltd. - Raffles Infrastructure Holdings Ltd. - TML FinTech Pte. Ltd. - OUE Commercial REIT Management Private Limited |
| Present | - OUE Limited - Tomi Environmental Solutions Inc. - V.S. Industry Berhad - QQ Fintech Pte. Ltd. - Kaiyi (Chongqing) Private Fund Management Co. Ltd. - Kairos Asia Outreach - EpicQuant Pte. Ltd. - ASRI Asset Management Pte. Ltd. - TPT Corporation - Arise Asset Management Pte. Ltd. |