Change - Announcement of Cessation::Cessation of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
CHEMICAL INDUSTRIES (FAR EAST) LIMITED.
Securities
CHEMICAL INDUSTRIES (F.E.) LTD - SG1B37000984 - C05
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Oct-2023 19:08:16
Status
New
Announcement Sub Title
Cessation of Chief Executive Officer
Announcement Reference
SG231027OTHR47PD
Submitted By (Co./ Ind. Name)
Foo Soon Soo
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Yeo Sze Chiat as Chief Executive Officer of the Company

Additional Details

Name Of Person
Yeo Sze Chiat
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
31/03/2024
Detailed Reason (s) for cessation
Mr Yeo has tendered his resignation as Chief Executive Officer with notice, to pursue his self-interest and personal goals. His cessation as CEO will take effect from 31 March 2024.
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
01/09/2022
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer
Role and responsibilities
He is responsible for the operations of the Company.
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)
Nil
Present
Nil