Change - Announcement of Cessation::Demise of Adviser to the Company

Issuer & Securities

Issuer/ Manager
TYE SOON LIMITED
Securities
TYE SOON LTD - SG1BH8000001 - BFU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Jul-2022 21:35:14
Status
New
Announcement Sub Title
Demise of Adviser to the Company
Announcement Reference
SG220713OTHR2C15
Submitted By (Co./ Ind. Name)
David Chong Tek Yew
Designation
Managing Director
Description (Please provide a detailed description of the event in the box below)
Demise of Adviser, Ong Hock Siang @ Ong Huat Seong

Additional Details

Name Of Person
Ong Hock Siang @ Ong Huat Seong
Age
88
Is effective date of cessation known?
Yes
If yes, please provide the date
08/07/2022
Detailed Reason (s) for cessation
Passed away on 8 July 2022
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
23/06/2020
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Adviser
Role and responsibilities
Adviser to the Company
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Ong Hock Siang @ Ong Huat Seong (deceased) and Mr Ong Huat Yew, Peter are brothers. Mr Ong Huat Yew, Peter is the father of Mr Ong Eng Chian, Kelvin who is the Deputy Managing Director of Tye Soon Limited.

OBG & Sons Pte Ltd is one of the substantial shareholders of Tye Soon Limited. Mr Ong Hock Siang @ Ong Huat Seong (deceased) was a director and member of OBG & Sons Pte Ltd.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Held 2,235,071 ordinary shares of Tye Soon Limited
Deemed Interest (held in the name of spouse, Lee Suey Yong): 48,666 ordinary shares of Tye Soon Limited
Past (for the last 5 years)
Tye Soon Limited
Present
Joining Enterprise Pte Ltd
Everts Pte Ltd
Filsound Enterprise Pte Ltd
TSC Comparts Pte Ltd
Imparts Holdings Pte Ltd
Naga Jaya Automative Sdn Bhd
MMI Vehicle Systems Inc
Edaran Pal Sdn Bhd
OBG & Sons Pte Ltd
Tye Soon Holdings Pte Ltd
TSC Enterprise (HK) Limited
Tye Soon Limited (Hong Kong) Branch
TSC Trading (Shenzhen) Co Ltd
TS Motorsport Pte Ltd

Attachments