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

Issuer & Securities

Issuer/ Manager
SHS HOLDINGS LTD.
Securities
SHS HOLDINGS LTD. - SG1G33866144 - 566
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-May-2025 22:01:09
Status
New
Announcement Sub Title
Resignation of Independent Non-Executive Director
Announcement Reference
SG250529OTHR4AQ4
Submitted By (Co./ Ind. Name)
Eunice Hooi
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mr. Lee Gee Aik (Mr. Lee) will resign as Independent Non-Executive Director at the conclusion of the Annual General Meeting held on 29 May 2025 after serving the Company for a consecutive 9 years since July 2025. He will also relinquish his positions as Lead Independent Director, Chairman of the Audit and Nominating Committees, and member of the Remuneration Committee.

Additional Details

Name Of Person
Lee Gee Aik
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
29/05/2025
Detailed Reason (s) for cessation
As part of the board renewal process, Mr. Lee who has served as Independent Non-Executive Director for a consecutive 9 years, has resigned as Independent Non-Executive Director at the conclusion of the Annual General Meeting held on 29 May 2025.

Consequent to his resignation as Independent Non-Executive Director, he will also relinquish his positions as Lead Independent Director, Chairman of the Audit and Nominating Committees, and member of the Remuneration 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?
No
Date of Appointment to current position
24/07/2015
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of the Audit and Nominating Committees and member of the Remuneration Committee
Role and responsibilities
Lead Independent Director
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
Other Directorships
Past (for the last 5 years)
- Anchun International Holdings Limited

- Uni-Asia Group Limited

Present
- Astaka Holdings Limited

- CH Offshore Limited

- AlphaRock Signet Fund VCC