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Change - Announcement Of Cessation Of Non-Executive Non-Independent Director
BackDec 10, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 10, 2025 19:28 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Executive Non-Independent Director |
| Announcement Reference | SG251210OTHRZB50 |
| Submitted By (Co./ Ind. Name) | Lai Kuan Loong Victor |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Non-Executive Non-Independent Director - Mr Tan Teck Koon |
| Additional Details | |
| Name of person | Tan Teck Koon |
| Age | 66 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date. | 10/12/2025 |
| Detailed reason(s) for cessation | Mr Tan Teck Koon has stepped down as Non-Executive Non-Independent Director. Consequently, he also stepped down as Board Chairman and as a member of the Nominating Committee and Remuneration Committee. |
| 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 | 01/05/2023 |
| Job title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive Non-Independent Director, Board Chairman, Member of the Nominating Committee and Remuneration Committee |
| Role and responsibilities | Non-executive |
| 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) | 4 |
| Do independent directors make up at least one-third of the board (taking into account this cessation)? | Yes |
| Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 2 |
| Shareholding interest in the listed issuer and its subsidiaries | Yes |
| Shareholding details | 161,488 shares - UBS Nominees 22,427 shares - SRS account |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Advisor to Heliconia Capital Management Pte Ltd, the controlling shareholder of the Company. |
| Other Directorships Past (for the last 5 years) |
Please see Appendix attached. |
| Present | Please see Appendix attached. |
Attachments
- Appendix (Size: 24,704 bytes)
