Change - Announcement of Cessation::Resignation of Executive Director

Issuer & Securities

Issuer/ Manager
FORISE INTERNATIONAL LIMITED
Securities
FORISE INTERNATIONALLIMITED - SGXE87077033 - 8A1
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Jul-2024 17:29:23
Status
New
Announcement Sub Title
Resignation of Executive Director
Announcement Reference
SG240731OTHRP0X5
Submitted By (Co./ Ind. Name)
Wan Jinn Woei
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Wan Jinn Woei as Executive Director of Forise International Limited and Director of Forise International (M) Sdn. Bhd.

Additional Details

Name Of Person
Wan Jinn Woei
Age
43
Is effective date of cessation known?
Yes
If yes, please provide the date
30/09/2024
Detailed Reason (s) for cessation
To pursue new opportunities and challenges.

The Company intends to enter into a consultancy contract with Mr Wan Jinn Woei commencing on the day after his effective date of cessation, for a term of three months, with an option to renew for a further three months thereafter. The terms of the consultancy contract have not been finalized as at the date of this announcement but are intended to be finalized and signed prior to his date of cessation. The Company will make an announcement at such time.

Mr Tan Wai Hong will take over Mr Wan Jinn Woei's role and responsibilities, assuming his duties and ensuring a smooth transition while Mr Wan Jinn Woei serves his 2 months' notice period and consultancy tenure.
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
01/08/2022
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)
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
Role and responsibilities
Executive. Mr Wan Jinn Woei was responsible for the formulation and implementation of strategies to improve overall corporate performance and to lead corporate planning to further the Company's goals.
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?
Yes
Shareholding Details
3,197,900 ordinary shares, representing approximately 7.51% of the issued and paid-up share capital of the Company.
Other Directorships
Past (for the last 5 years)
Pagor Cashera Sdn Bhd
Monterey Asia Sdn Bhd
CleanBot Sdn Bhd
Present
Helenium Asia Sdn Bhd
ICL Land Sdn Bhd
Eastern Mercantile Sdn Bhd
Third Rose Management Sdn Bhd