Change - Announcement of Cessation::TT International - Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
TT INTERNATIONAL LIMITED
Securities
TT INTERNATIONAL LIMITED - SG1I71883728 - T09
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Dec-2024 20:44:05
Status
New
Announcement Sub Title
TT International - Retirement of Independent Director
Announcement Reference
SG241230OTHRQVEV
Submitted By (Co./ Ind. Name)
Julia Tong
Designation
Director
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Director

Additional Details

Name Of Person
Ng Leok Cheng
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
30/12/2024
Detailed Reason (s) for cessation

As Mr Ng Leok Cheng ( Mr Ng ) has served as an Independent Director for more than nine (9) years from the date of his first appointment, he ceased to be independent pursuant to Rule 210(5)(d)(iv) of the Listing Manual of the SGX-ST which took effect on 1 January 2023. Mr Ng has stepped down as an Independent Director and ceased to be a Director at the conclusion of the Company s Annual General Meeting held on 30 December 2024.

Following his retirement, Mr Ng concurrently ceased to be the Chairman of the Remuneration Committee, and a member of the Audit Committee and Nominating Committee of the Company.

The Board expressed its appreciation to Mr Ng for his dedication and invaluable contribution during his tenure of service as an Independent 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
26/05/2000
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)
0
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.)
Chairman of the Remuneration Committee, and a member of the Audit Committee and Nominating Committee
Role and responsibilities
Responsibilities as an Independent Director, Chairman of the Remuneration Committee, and a member of the Audit Committee and Nominating Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
195,000 ordinary shares (direct)
Past (for the last 5 years)
Gold N Gems Pte Ltd
Maxi-Cash Financial Services Corporation Ltd
Maxi-Cash (North) Pte Ltd
Maxi-Cash (East) Pte.Ltd.
Maxi-Cash (West) Pte.Ltd.
Maxi-Cash (Central) Pte Ltd
Maxi-Cash Retail Pte.Ltd.
Maxi-Cash Jewellery Group Pte Ltd
Maxi-Cash (Clementi) Pte Ltd
Maxi-Cash Capital Pte Ltd
Maxi-Cash Ventures Pte Ltd
Maxi-Cash Assets Pte Ltd
Maxi-Cash (Central 2) Pte Ltd
Maxi-Cash (North East) Pte Ltd
Maxi-Cash (East 2) Pte Ltd
Maxi-Cash (North East 2) Pte Ltd
Maxi-Cash Property Pte. Ltd
Maxi-Cash Investment Holding Pte. Ltd.
Maxi Financial Pte Ltd
Maxi-Cash International Pte. Ltd
Maxi-Cash Capital Management Pte. Ltd.
Maxi Cash (Malaysia) Sdn Bhd
LuxeSTYLE (Malaysia) Sdn Bhd
Maxi Cash (Penang) Sdn Bhd
Maxi Cash (Southern) Sdn Bhd
Max Cash (George Town) Sdn Bhd
Maxi Cash (S1) Sdn Bhd
Maxi-Cash (Australia) Pty Ltd
Maxi-Cash Melbourne (VIC) Pty Ltd
LuxeSTYLE (Australia) Pty Ltd
Maxi-Cash (Hong Kong) Co. Ltd.
Maxi Cash (S2) Sdn. Bhd.
Maxi Cash (S3) Sdn. Bhd.
Maxi Cash (KL1) Sdn. Bhd.
Maxi Cash (KL2) Sdn. Bhd.
Maxi-Cash (HKI) Co. Ltd.
Maxi-Cash Retail (HKI) Co. Ltd.
Present
NIL