Change - Announcement of Cessation::Resignation of Group Chief Financial Officer

Issuer & Securities

Issuer/ Manager
MUN SIONG ENGINEERING LIMITED
Securities
MUN SIONG ENGINEERING LIMITED - SG2C34962861 - MF6
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-May-2026 18:58:28
Status
New
Announcement Sub Title
Resignation of Group Chief Financial Officer
Announcement Reference
SG260522OTHR610W
Submitted By (Co./ Ind. Name)
Cheng Woei Fen
Designation
Executive Chairlady
Description (Please provide a detailed description of the event in the box below)
Resignation of Lim Poon Kheng, Eugene as Group Chief Financial Officer.

Additional Details

Name of person
Lim Poon Kheng, Eugene
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date.
22/05/2026
Detailed reason(s) for cessation
To pursue other career opportunities.
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?
Yes
If yes, please elaborate.
The Company is awaiting to onboard the replacement and will announce the appointment in due course.

Eugene has confirmed to the Audit and Nominating Committees that there are no disagreement between himself and the Board/Management over financial matters and there are no outstanding matters as at the date of this announcement that require special mention.
Date of appointment to current position
02/07/2018
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Financial Officer
Role and responsibilities
Eugene is responsible for overseeing the Group's financial and regulatory reporting, compliance, corporate finance activities, treasury, financial and accounting functions and shareholder/investor relations.

Over the years, the entry into new markets - United States of America, Taiwan and Malaysia, each posed different challenges (operational and accountability) and a steep learning curve to the Group. As the Group Chief Financial Officer, Eugene deployed financial resources to optimize returns and maintain a tolerable level of risk. Eugene's views and judgement have been of assistance to the Board and he is respected by the Group's auditors, lenders and partners.
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
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
0
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding details
4,800,000 ordinary shares (direct interest)
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Other Directorships
Past (for the last 5 years)
Pegasus Industrial Midwest LLC
HIMS Integrated Services Sdn Bhd
Present
Pegasus Advance Industrial Company Limited