Change - Announcement of Cessation::Retirement of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
SIM LEISURE GROUP LTD.
Securities
SIM LEISURE GROUP LTD. - SGXE75616446 - URR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Apr-2023 17:20:02
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director
Announcement Reference
SG230414OTHRXJCW
Submitted By (Co./ Ind. Name)
Dato' Sim Choo Kheng
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr. Sho Kian Hin, Eric as Independent Non-Executive Director, Chairman of the Audit Committee and a member of the Remuneration Committee and Nominating Committee.

This announcement has been reviewed by the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor").

It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange 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. Jennifer Tan, 16 Collyer Quay #10-00 Collyer Quay Centre Singapore 049318, sponsorship@ppcf.com.sg

Additional Details

Name Of Person
Sho Kian Hin, Eric
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2023
Detailed Reason (s) for cessation
Mr. Sho Kian Hin, Eric ("Mr. Eric Sho") who is retiring pursuant to Regulation 108 of the Company's Constitution, will not be seeking re-election as a Director at the Company's forthcoming Annual General Meeting ("AGM") to be held on 28 April 2023 due to increasing work commitments. Accordingly, Mr. Eric Sho will retire from his role as Independent Non-Executive Director of the Company and relinquish his positions as Chairman of the Audit Committee and member of the Remuneration Committee and Nominating Committee at the conclusion of the AGM.

After having interviewed Mr. Eric Sho and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the retirement of Mr. Eric Sho as the Independent Non-Executive Director of the Company.

The Board and the Nominating Committee are currently in the process of reviewing the Board's composition and searching for suitable candidate to be appointed to the Board as an Independent Director and member of its Board Committees to ensure compliance with the Code of Corporate Governance 2018 and relevant Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist.
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
01/06/2022
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of Audit Committee and a member of the Remuneration Committee and Nominating Committee.
Role and responsibilities
The role and responsibilities as an Independent Non-Executive Director, Chairman of the Audit Committee and a member of the Remuneration Committee and Nominating Committee.
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?
No
Other Directorships
Past (for the last 5 years)
- MA China Medical Facilities Pte. Ltd.
- MA Investment Holdings Pte. Ltd.
- QT Vascular Ltd.
Present
- Sim Leisure Group Ltd.
- China Farm Equipment Pte. Ltd.
- Hartanah Kencana Sdn. Bhd.
- OUE LIPPO Healthcare Ltd.
- Choo Chiang Holdings Ltd.
- Versalink Holdings Limited
- Quantum Healthcare Ltd.