Change - Announcement of Cessation::Cessation As Executive Chairman and Executive Director

Issuer & Securities

Issuer/ Manager
OIO HOLDINGS LIMITED
Securities
OIO HOLDINGS LIMITED - SGXE73993458 - KUX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Apr-2023 20:49:12
Status
New
Announcement Sub Title
Cessation As Executive Chairman and Executive Director
Announcement Reference
SG230427OTHR0CG7
Submitted By (Co./ Ind. Name)
Yusaku Mishima
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
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 document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms. Lim Hui Ling, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Fan Chee Seng
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
27/04/2023
Detailed Reason (s) for cessation
Ordinary Resolutions 3 relating to the re-election of Mr Fan Chee Seng as a Director was not passed at the Annual General Meeting of the Company held on 27 April 2023.

After having interviewed Mr. Fan 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 material reasons for the cessation of Mr. Fan as the Executive Chairman and Executive 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
03/05/2018
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)
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.)
Executive Chairman and Executive Director
Role and responsibilities
As the Executive Chairman and Executive Director of the Company, Mr. Fan is responsible for leading and implementing the Group's long-term strategy, vision and mission and the overall management, strategic planning and business development of the Group.
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?
Yes
Shareholding Details
Direct Interest: 22,840,960 ordinary shares in OIO Holdings Limited
Past (for the last 5 years)
DLF Pte. Ltd.
DLF Prosper Venture Pte. Ltd.
Acmes-Power Building Services Pte Ltd
Acmes King Corporation Pte Ltd
Acmes Properties Pte. Ltd.
Present
DLF Engineering Pte Ltd