Change - Announcement of Cessation::Retirement of Key Management Personnel - Director

Issuer & Securities

Issuer/ Manager
SHENG SIONG GROUP LTD.
Securities
SHENG SIONG GROUP LTD - SG2D54973185 - OV8
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Apr-2024 18:36:29
Status
New
Announcement Sub Title
Retirement of Key Management Personnel - Director
Announcement Reference
SG240430OTHRT4VG
Submitted By (Co./ Ind. Name)
Lim Hock Chee
Designation
CEO
Description (Please provide a detailed description of the event in the box below)
Retirement of Key Management Personnel - Director

Additional Details

Name Of Person
Tan Ling San
Age
85
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2024
Detailed Reason (s) for cessation
Mr. Tan Ling San will be retiring as the Director of the Company's wholly-owned subsidiaries, Sheng Siong Supermarket Pte. Ltd. and C M M Marketing Management Pte. Ltd.
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
29/04/2023
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)
5
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Director of the Company's wholly-owned subsidiaries, Sheng Siong Supermarket Pte. Ltd. and C M M Marketing Management Pte. Ltd.
Role and responsibilities
Mr Tan Ling San is responsible for the administration and implementation of our Group's policies and strategies, and for evaluating new growth areas for our business. Mr Tan spearheaded the restructuring of our Group and oversees the expansion of our store network. Prior to joining our Group in 2006, Mr Tan founded and served as the executive chairman of PSC Corporation Ltd (now known as Hanwell Holdings Ltd), a company currently listed on the SGX-ST and engaged in, inter alia, the supply of consumer essentials through its chain of Econ Minimart stores (as they were then known). Mr Tan has more than 60 years of experience in grocery retailing.
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
Past (for the last 5 years)
Sheng Siong Supermarket Pte. Ltd.
C M M Marketing Management Pte. Ltd.
Present
Nil