Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
JUBILEE INDUSTRIES HOLDINGS LTD.
Securities
JUBILEE INDUSTRIES HLDGS LTD - SGXE67467741 - NHD
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Feb-2024 18:54:28
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG240209OTHRSXYM
Submitted By (Co./ Ind. Name)
Dato' Terence Tea Yeok Kian
Designation
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Evolve Capital Advisory Private Limited ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST").

This announcement has not been examined or approved by 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 details of the contact person for the Sponsor are:-
Name :Mr Jerry Chua (Registered Professional, Evolve Capital Advisory Private Limited)
Address :138 Robinson Road, Oxley Tower, #13-02, Singapore 068906
Tel :(65) 6241 6626

Additional Details

Name Of Person
Levin Lee Keng Weng
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
07/02/2024
Detailed Reason (s) for cessation
Mr Levin Lee Keng Weng ("Mr Lee") had tender his resignation as an Independent Director of the Company due to his health reasons.

Mr Lee is on hospitalisation leave and on doctor's advice, decided to take longer leave of absence. As such, he will step down from the role of Independent Director to focus on recuperating.

The Company would like to express its gratitude and appreciation towards Mr Lee's valuable contributions to the Board during his tenure and wish him a speedy recovery.

The Company's Sponsor, Evolve Capital Advisory Private Limited., having interviewed Mr Lee, is satisfied that, save as disclosed in the announcement, there are no material reasons for the resignation of Mr Lee 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
21/12/2021
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, a member of the Audit Committee, Nominating Committee and Remuneration Committee
Role and responsibilities
Non-executive
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?
No
Past (for the last 5 years)
Wincash Apolo Gold & Energy Inc.
Grand Ages Precious Metals Ltd
Nutryfarm International Limited
Acrometa Group Limited
Present
Ace Peak Capital Group Private Limited
Sino Pacific Capital Limited