Change - Announcement of Cessation::Cessation of Independent Director - Zhao Jian

Issuer & Securities

Issuer/ Manager
CAPALLIANZ HOLDINGS LIMITED
Securities
CAPALLIANZ HOLDINGS LIMITED - SG1H44875935 - 594
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Jun-2025 21:46:09
Status
New
Announcement Sub Title
Cessation of Independent Director - Zhao Jian
Announcement Reference
SG250610OTHRGWM1
Submitted By (Co./ Ind. Name)
Liu Qiang
Designation
Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Zhao Jian as Independent Non-Executive Director with effect from 9 June 2025.

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 Goh Mei Xian, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Zhao Jian
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
09/06/2025
Detailed Reason (s) for cessation
Following the conclusion of the Extraordinary General Meeting held on 9 June 2025 ("EGM"), which was requisitioned by Tan Kim Guan, Ong Boon Yeow (Wang Wenyao), Tan Yen Keow, Yong Yiam Woon (Xiong Nianwen) and Saw Geok Ching @ Dongyu Taishang, being shareholders of the Company who collectively hold not less than 10.0% of the total number of paid-up voting shares of the Company, Zhao Jian ("Mr Zhao") has been removed as an Independent Non-Executive Director of the Company by the shareholders via an ordinary resolution at the EGM with effect from 9 June 2025. Mr Zhao has also ceased as the Chairman of the Nominating Committee and a member of the Remuneration Committee and the Audit Committee.
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?
Yes
If Yes, Please provide full details
The Company will settle the outstanding directors' fees payable to Mr Zhao Jian within Q3 2025.
Date of Appointment to current position
31/03/2021
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of the Nominating Committee and member of the Audit and Remuneration Committees.
Role and responsibilities
Assumed the role and responsibilities of an Independent Non-Executive Director, Chairman of the Nominating Committee and a member of the Remuneration Committee and the Audit Committee.
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?
No
Past (for the last 5 years)
Other Principal Commitment:
Nil

Directorships:
1. Suqian Bohai Information Technology Co., Ltd (deregistered)
2. Beijing Zhicai Technology Co., Ltd
Present
Other Principal Commitment:
Nil

Directorships:
1. Beijing Chaomi Technology Co., Ltd