Change - Announcement of Cessation::Announcement of Cessation of Managing Director

Issuer & Securities

Issuer/ Manager
MEMIONTEC HOLDINGS LTD.
Securities
MEMIONTEC HLDGS LTD. - SGXE13155820 - TWL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Apr-2025 12:25:35
Status
New
Announcement Sub Title
Announcement of Cessation of Managing Director
Announcement Reference
SG250410OTHRJWOA
Submitted By (Co./ Ind. Name)
Tay Kiat Seng
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Managing Director

This announcement has been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (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. Karen Soh, ZICO Capital Pte. Ltd., at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Soelistyo Dewi Soegiharto
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2025
Detailed Reason (s) for cessation
Ms Soelistyo Dewi Soegiharto ("Ms Dewi") will be retiring and will not be seeking re-election as Director of the Company at the Company's forthcoming Annual General Meeting ("AGM") at 25 April 2025.

Ms Dewi confirms that there are no concerns or disagreements with the Board or management of the Company over matters involving the Company that led to her decision.

To ensure business continuity and to retain her extensive experience and knowledge, Ms. Dewi will continue to support the Group in her role as a Director of the Company's subsidiaries.

After having interviewed Ms Dewi and to the best of its knowledge, the Company's Sponsor, ZICO Capital Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Ms Dewi.
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
06/03/2013
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Managing Director
Role and responsibilities
Executive

Responsible for the business direction, managing and overseeing the Singapore operations, and supporting the overall management and business operations of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Soelistyo Dewi Soegiharto holds 104,425,239 shares in the Company as at the date of this announcement.

Soelistyo Dewi Soegiharto is the spouse of Tay Kiat Seng (Executive Chairman and CEO, and a substantial shareholder of the Company).

Soelistyo Dewi Soegiharto sits on the boards of the following subsidiaries of the Company:

1. Memiontec Pte Ltd;
2. M Water Resources International Pte. Ltd.;
3. Memiontec Industries Pte. Ltd.;
4. PT Memindo Pratama
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct Interest - 104,425,239 shares in the Company
Other Directorships
Past (for the last 5 years)
1. PT Memiontec Indonesia
2. PT Jakpro Memiontec Air (Commissioner)
Present
1. Memiontec Pte Ltd
2. M Water Resources International Pte. Ltd.
3. Memiontec Industries Pte. Ltd.
4. PT Memindo Pratama
5. UI Pte. Ltd.
6. PT Universal Energy Investment (Comissioner) (fka PT MIT Water Technologies)