Change - Announcement of Cessation::Resignation as Chief Executive Officer, Construction Business

Issuer & Securities

Issuer/ Manager
SOILBUILD CONSTRUCTION GROUP LTD.
Securities
SOILBUILD CONSTRUCTION GRP LTD - SG2F78993043 - S7P
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Jan-2022 17:20:17
Status
New
Announcement Sub Title
Resignation as Chief Executive Officer, Construction Business
Announcement Reference
SG220128OTHR45UG
Submitted By (Co./ Ind. Name)
Ganessaraj Soocelaraj
Designation
Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Tan Hee Wee as Chief Executive Officer, Construction Business of Soilbuild Construction Group Ltd.

Additional Details

Name Of Person
Tan Hee Wee
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
31/01/2021
Detailed Reason (s) for cessation
Mr Tan was appointed as Chief Executive Officer, Construction Business to review the operations and develop the strategy for the construction business. Mr Tan has achieved this objective during his tenure and is also approaching the minimum retirement age of 62 years old. Accordingly, Mr Tan has decided to retire from his position.

The Nominating Committee and the Board of Directors are not aware of any other material reasons for the cessation of Mr Tan as the Chief Executive Officer, Construction Business 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
18/01/2021
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer, Construction Business
Role and responsibilities
Mr Tan was responsible for running the day-to-day operations of the Company's and the Group's construction business, including civil and building construction, and implementing the Company's and the Group's strategies and policies.
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
Past (for the last 5 years)
1. Gammon China Limited
2. Gammon Pte Ltd
Present
Nil