Change - Announcement of Cessation::Cessation of Executive Director

Issuer & Securities

Issuer/ Manager
JEP HOLDINGS LTD.
Securities
JEP HOLDINGS LTD. - SG1EE3000007 - 1J4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Feb-2025 17:20:51
Status
New
Announcement Sub Title
Cessation of Executive Director
Announcement Reference
SG250212OTHR0LJU
Submitted By (Co./ Ind. Name)
Andy Luong
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Director


This announcement has been reviewed by the Company's sponsor, RHT Capital 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 Mr. Josh Tan at 36 Robinson Road, #10-06 City House, Singapore 068877
Email: sponsor@rhtgoc.com.

Additional Details

Name Of Person
Zee Hoong Huay
Age
68
Is effective date of cessation known?
Yes
If yes, please provide the date
27/02/2025
Detailed Reason (s) for cessation
Mr. Zee Hoong Huay ("Mr. Zee") has retired from his position as Executive Director of the Company.

After having interviewed Mr. Zee and to the best of its knowledge, the Company s Sponsor, RHT Capital Pte. Ltd, is satisfied that other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Zee as Executive Director 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
27/08/2015
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)
3
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
Role and responsibilities
Executive, responsible for overseeing the Group overall operations and strategies and developing new businesses for the Group and supervise an implementation of internal control for the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr. Darren Zee Yu Liang, Director of JEP Precision Engineering (M) Sdn. Bhd. is Mr. Zee's eldest son.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
190,000 ordinary shares in the Company
Past (for the last 5 years)
JEP Precision Engineering Pte. Ltd
Dolphin Engineering Pte. Ltd.
Present
JEP Industrades Pte. Ltd.
(Mr. Zee will also resign as director of JEP Industrades Pte. Ltd. with effect from 27 February 2025)