Change - Announcement of Cessation::CESSATION OF EXECUTIVE DIRECTOR - MS YONG OI LING
Issuer & Securities
SIM LEISURE GROUP LTD.
SIM LEISURE GROUP LTD. - SGXE75616446 - URR
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
CESSATION OF EXECUTIVE DIRECTOR - MS YONG OI LING
Submitted By (Co./ Ind. Name)
Sim Choo Kheng
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Ms Yong Oi Ling as the Executive Director of the Company.
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor").
It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.
The contact person for the Sponsor is Ms Jennifer Tan, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, firstname.lastname@example.org.
Name Of Person
Yong Oi Ling
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
The service contract between Ms Yong Oi Ling ("Ms Yong") and the Company will expire on 31 May 2022. Ms Yong will not be renewing her service contact in order to embark on another business opportunity.
After having interviewed Ms Yong and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd. is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Ms Yong as the Executive Director.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director - Corporate Services
Role and responsibilities
Executive. As Executive Director - Corporate Services, Ms Yong's primary responsibility is the pursuit of corporate and strategic initiatives to expand the Group s core business into Singapore. Ms Yong is also responsible for (i) overseeing the functions undertaken by the Finance and Corporate Services Departments of the Group; (ii) ensuring that all necessary procedures are executed in compliance with the relevant rules and regulations of the Singapore Exchange and other regulatory authorities; and (iii) engaging with professionals to ensure timely response to any queries and requests for information from the Board of Directors of the Company, the Singapore Exchange, and/or any other regulatory authorities.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
Liam Consultants Sdn Bhd
Liam Consultants Pte. Ltd.