Change - Announcement of Cessation::Resignation of Chief Operating Officer

Issuer & Securities

Announcement Title: Change - Announcement of Cessation
Date &Time of Broadcast: 08-Aug-2024 22:44:47
Status: New
Announcement Sub Title: Resignation of Chief Operating Officer
Announcement Reference: SG240808OTHRGC0M
Submitted By (Co./ Ind. Name): Siau Kuei Lian
Designation: Company Secretary
Description (Please provide a detailed description of the event in the box below): Resignation of Mr Ivan Chua Kim Boon ("Mr Chua") as Chief Operating Officer

Name Of Person: Ivan Chua Kim Boon
Age: 53
Is effective date of cessation known?: Yes
If yes, please provide the date: 08/08/2024
Detailed Reason (s) for cessation: To pursue other personal interests
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: 19/02/2024
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
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.): Chief Operating Officer
Role and responsibilities: Mr Chua is responsible for the growth and development of the Group.
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): None
Present: ALC Capital Limited