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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 31, 2017 18:47 |
| Status | New |
| Announcement Sub Title | RE-DESIGNATION OF EXECUTIVE CHAIRMAN AND CEO TO EXECUTIVE DIRECTOR AND GROUP CEO |
| Announcement Reference | SG170131OTHRD6ZW |
| Submitted By (Co./ Ind. Name) | Ang Kiam Meng |
| Designation | Executive Director and Group CEO |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, United Overseas Bank Limited (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement. 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 Mr. Chia Beng Kwan, Senior Director, 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 | Ang Kiam Meng |
| Age | 54 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/02/2017 |
| Detailed Reason (s) for cessation | In order to focus on the Group's next stage of growth, Mr. Ang Kiam Meng ("Mr. Ang") will relinquish his appointment as Executive Chairman and will be re-designated from Executive Chairman and CEO to Executive Director and Group CEO. |
| 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 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director and Group CEO |
| Role and responsibilities | Mr. Ang is responsible for the Group's overall management, operations, strategic planning and business development. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Mr. Ang is the spouse of Mdm. Tan Yong Chuan, Jacqueline, an executive director of the Company. Mr. Ang is also the sibling of Mrs. Christina Kong Chwee Huan, an executive director of the Company. Mr. Ang Hon Nam, a controlling shareholder of the Company, is the father of Mr. Ang and Mrs. Christina Kong Chwee Huan. |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Mr. Ang holds 110,167 shares in JBO Holdings Pte. Ltd. ("JBO"), representing approximately 13.1% of the total number of shares in JBO. JBO holds 371,582,400 shares in the Company, representing approximately 57.9% of the total number of shares in the Company. |
| Past (for the last 5 years) | - Lotus Jumbo (Beijing) Food and Beverage Management Co., Ltd - Singapore Culinary Institute Pte. Ltd. |
| Present | - Jardine Enterprise Pte Ltd - JBT (China) Pte. Ltd. - JBT F&B Management (Shanghai) Co., Ltd. - Jumbo Catering Pte. Ltd. - Jumbo F&B Services Pte. Ltd. - Jumbo F&B Services (Shanghai) Co., Ltd. - Jumbo Group of Restaurants Pte. Ltd. - Jumbo Seafood Pte. Ltd. - Ng Ah Sio Pte. Ltd. - Ng Ah Sio Investments Pte. Ltd. - SSR Sentosa Pte. Ltd. - EDC@SCCCI Pte. Ltd. - Kok Sing Realty (Pte) Ltd - Seafood Republic Pte. Ltd. - Slappy Cakes (Singapore) Pte. Ltd. - Singapore Seafood Republic Pte. Ltd. - JBO Holdings Pte. Ltd. - Chinese Development Assistance Council |