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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 17, 2020 19:44 |
| Status | New |
| Announcement Sub Title | Cessation of Alternate Director |
| Announcement Reference | SG200117OTHRAM8N |
| Submitted By (Co./ Ind. Name) | Tay Peng Huat |
| Designation | Chief Financial Officer |
| Effective Date and Time of the event | 17/01/2020 17:00:00 |
| Description (Please provide a detailed description of the event in the box below) | Cessation as Alternate Director. 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 Rules 226(2) 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 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 | Sim Yu Juan Rachel |
| Age | 30 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 17/01/2020 |
| Detailed Reason (s) for cessation | Following the cessation of Mr. Ron Sim Chye Hock as a Non-Executive Director of the Company, Ms. Sim Yu Juan Rachel ceased to be an Alternate Director to Mr. Ron Sim Chye Hock. |
| 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 | 15/02/2019 |
| 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.) | Alternate Director to Mr. Ron Sim Chye Hock. |
| Role and responsibilities | Fulfilling duties as an Alternate Director to Mr. Ron Sim Chye Hock. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Ms. Sim Yu Juan Rachel is the daughter of Mr. Ron Sim Chye Hock, who is a substantial shareholder of the Company. Mr. Ron Sim Chye Hock holds 64,166,600 shares in the Company, representing approximately 10.0% of the total number of issued shares in the Company (excluding treasury shares). |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Ms. Sim Yu Juan Rachel holds 200,000 shares in the Company, representing approximately 0.03% of the total shares in the Company (excluding treasury shares). |
| Past (for the last 5 years) | Nil |
| Present | V3 Group (Singapore) Pte. Ltd. V3 Group Limited V3 Asset Pte. Ltd. V3 Capital & Investment Pte. Ltd. OSIM International Pte. Ltd. |