Change - Announcement of Cessation::Resignation of Executive Director and Chief Executive Officer

Issuer & Securities

Issuer/ Manager
RECLAIMS GLOBAL LIMITED
Securities
RECLAIMS GLOBAL LIMITED - SGXE46584095 - NEX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Aug-2021 23:59:13
Status
New
Announcement Sub Title
Resignation of Executive Director and Chief Executive Officer
Announcement Reference
SG210804OTHRZLU1
Submitted By (Co./ Ind. Name)
Chan Chew Leh
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Mr Andrew Dekguang Jhou Chew will cease to be an Executive Director of the Company, and will also be relinquishing all his other directorships, appointments and offices with the Company, its subsidiaries and associated corporations from 4 August 2021. He has agreed to continue as the Chief Executive Officer of the Company for about 1 month until 3 September 2021 in order to ensure continuity and the smooth transition of the Company's (and its subsidiaries') affairs and operations, and to effect a smooth and orderly handover of his duties and responsibilities.

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 contact person for the Sponsor is Ms Lee Khai Yinn (Telephone no.: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Andrew Dekguang Jhou Chew
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
04/08/2021
Detailed Reason (s) for cessation
Cessation as Executive Director: 4 August 2021
Cessation as Chief Executive Officer: 3 September 2021
To pursue other business/career opportunities. The Sponsor, after having interviewed Mr Chew, noted that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Chew as the Executive Director and 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
11/10/2018
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.)
Executive Director and Chief Executive Officer
Role and responsibilities
Executive. Responsible for charting the Group's business strategy and the future growth of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct - 9,768,000 (7.5%) ordinary shares in the Company
Past (for the last 5 years)
Reech Aim Asia Pte. Limited (dissolved - creditors' voluntary
winding up)
Singapore 360 Pte. Ltd. (struck off)
HWH Inc. Pte. Ltd. (struck off)
Present
Reclaims Enterprise Pte. Ltd.
Reimagine Me Sdn. Bhd.
The Panthenon Pte. Ltd.