Change - Announcement of Cessation::Retirement of Chief Executive Officer and Executive Director

Issuer & Securities

Issuer/ Manager
KINGSMEN CREATIVES LTD.
Securities
KINGSMEN CREATIVES LTD - SG1W76939881 - 5MZ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Jul-2024 19:02:38
Status
New
Announcement Sub Title
Retirement of Chief Executive Officer and Executive Director
Announcement Reference
SG240716OTHRR6E7
Submitted By (Co./ Ind. Name)
Soh Siak Poh Benedict
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Retirement of Chief Executive Officer and Executive Director

Additional Details

Name Of Person
Cheng Oon Teck
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2024
Detailed Reason (s) for cessation
Mr Cheng Oon Teck ("Mr Cheng") will retire as Chief Executive Officer and Executive Director of Kingsmen Creatives Ltd. with effect from 31 December 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
01/07/2016
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer and Executive Director
Role and responsibilities
Mr Cheng oversees the Group's day-to-day management, as well as its corporate affairs, business development and strategic planning functions.
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 - 1,664,960 ordinary shares in Kingsmen Creatives Ltd.
Past (for the last 5 years)
Directorship:
- Kingsmen Taiwan International Co. Limited
Present
Directorships:
- Kingsmen Ventures Pte Ltd
- NAX Company Pte Ltd
- NAX Singapore Pte Ltd
- Kingsmen Xperience, Inc
- Kingsmen (North Asia) Limited
- Kingsmen-Nassal Kabushiki Kaisha
- Hi-Light Electrical Pte Ltd
- Thinkfarm Pte Ltd
- Ascend Com Pte Ltd