Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION OF EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
NERA TELECOMMUNICATIONS LTD
Securities
NERATELECOMMUNICATIONS LTD - SG1I64883495 - N01
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Oct-2024 17:34:40
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF EXECUTIVE DIRECTOR
Announcement Reference
SG241025OTHR2JJZ
Submitted By (Co./ Ind. Name)
Gwendolyn Gn Jong Yuh
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
ANNOUNCEMENT OF CESSATION OF EXECUTIVE DIRECTOR

Additional Details

Name Of Person
Chong Hoi Ming
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
28/10/2024
Detailed Reason (s) for cessation
Mr Chong Hoi Ming ("Mr Chong") resigned as director in connection with the sale and purchase of shares in the Company by Asia Systems Ltd. to Ennoconn Corporation.

Mr Chong confirms that there are no concerns or disagreements with the Board or management of the Company over matters involving the Company that led to his resignation.

Following his resignation on 28 October 2024, Mr Chong will remain as the Chief Executive Officer of the Company.
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
07/02/2022
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer
Role and responsibilities
Executive. Responsible for the overall management of the Group.
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
Other Directorships
Past (for the last 5 years)
Nil
Present
Nil