Change - Announcement of Cessation::Resignation of Lead Independent Director

Issuer & Securities

Issuer/ Manager
OEL (HOLDINGS) LIMITED
Securities
OEL (HOLDINGS) LIMITED - SG0584008601 - 584
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Feb-2020 01:32:45
Status
New
Announcement Sub Title
Resignation of Lead Independent Director
Announcement Reference
SG200228OTHRZAQW
Submitted By (Co./ Ind. Name)
Zhao Xin
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr. Renny Yeo Ah Kiang as Lead Independent Director of the Company.

This announcement has been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined 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 details of the contact person for the Sponsor are:-

Name: Mr Lay Shi Wei (Registered Professional, RHT Capital Pte. Ltd.)
Address: 9 Raffles Place, #29-01 Republic Plaza Tower 1, Singapore 048619
Tel: 6381 6966

Additional Details

Name Of Person
Renny Yeo Ah Kiang
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date
27/02/2020
Detailed Reason (s) for cessation
Following the change of controlling shareholder of the Company, Mr Renny Yeo Ah Kiang resigned as a Lead Independent Director of the Company.

After having interviewed Mr Renny Yeo Ah Kiang and to the best of its knowledge, the Company's Sponsor, RHT Capital Pte. Ltd., is satisfied that saved as disclosed in this announcement, there are no other material reasons for the cessation of Mr Renny Yeo Ah Kiang as a Lead Independent 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?
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
12/08/2005
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, AC Chairman, RC Chairman and NC Member.
Role and responsibilities
As above.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
1. Singapore Business Advisors & Consultants Council Limited
2. Masquad Lifestyles Pte Ltd
3. Tenby Singapore Pte. Ltd.
Present
Please refer to the attached list.

Attachments