Change - Announcement of Cessation::Change - Announcement of Cessation

Issuer & Securities

Issuer/ Manager
NIPPECRAFT LIMITED
Securities
NIPPECRAFT LIMITED - SG1A83000921 - N32
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Apr-2025 22:07:29
Status
New
Announcement Sub Title
Change - Announcement of Cessation
Announcement Reference
SG250402OTHR083E
Submitted By (Co./ Ind. Name)
Chan Cheng Fei
Designation
Executive Director and Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Announcement of retirement as an Independent Director

This announcement has been reviewed by the Company's sponsor ("Sponsor"), SAC Capital Private Limited. This announcement has not been examined or approved by Singapore Exchange Securities Trading Limited ("SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement.

The contact person for the Sponsor is Ms. Charmian Lim (Tel (65) 6232 3210) at 1 Robinson Road, #21-01 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Chow Wai San
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2025
Detailed Reason (s) for cessation
Mr. Chow Wai San ("Mr. Chow") has expressed his intention to retire and will not seeking re-election as a director of the Company at the forthcoming annual general meeting of the Company scheduled to be held on 28 April 2025.

The Board of Directors and Management sincerely thank Mr. Chow for his invaluable contribution, dedication and commitment during his tenure with the Company.

Based on its enquires, the Company's Sponsor, SAC Capital Private Limited, is satisfied that other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr. Chow.
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
26/10/2016
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Chairman of the Board, Chairman of the AC and a member of both the NC and the RC.
Role and responsibilities
As above
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
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