Change - Announcement of Cessation::Resignation of Managing Director

Issuer & Securities

Issuer/ Manager
CHEW'S GROUP LIMITED
Securities
CHEW'S GROUP LIMITED - SG2C90967473 - 5SY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Nov-2018 02:53:13
Status
New
Announcement Sub Title
Resignation of Managing Director
Announcement Reference
SG181121OTHRJJ77
Submitted By (Co./ Ind. Name)
Tan Pei Hong, Alex (Chen Peifeng)
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Jennifer Tan, Senior Manager, Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: sponsorship@ppcf.com.sg).

Additional Details

Name Of Person
Chew Eng Hoe
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
20/11/2018
Detailed Reason (s) for cessation
Pursuant to the reconstitution of the Board of Directors of the Company following the close of the mandatory unconditional cash offer by Goldhill Trust Pte. Ltd. for all the issued ordinary shares in the capital of the Company.

Mr Chew Eng Hoe has ceased to be a Director on the Board of Directors of the Company with effect from 20 November 2018. He has also tendered his resignation as the Managing Director of the Company with effect from 20 November 2018 and will serve a 6-month notice period pursuant to the terms of his service contract with the Company. He will cease as Managing Director of the Company on 19 May 2019.

Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the resignation of Chew Eng Hoe as the Managing Director 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
30/09/2010
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
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Managing Director of the Company and a member of the Nominating Committee and Risk Committee
Role and responsibilities
As the Managing Director of the Company, Mr Chew Eng Hoe is responsible for strategic planning, overall day-to-day management and operation of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Chew Eng Hoe is cousin of both Mr Chew Chee Bin, the former Executive Chairman of the Company and Mr Chew Chee Keong, the former Non-Executive Director of the Company, who have resigned from their respective roles with effect from 20 November 2018.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
(1) Chew's Group Investment Pte. Ltd.
(2) Chew's Engineering Services Pte. Ltd.
(3) Chew's Agriculture Pte. Ltd.
(4) Chew's Group Marketing Pte. Ltd.
(5) Chew's A-Tech Eco-Farming Pte. Ltd.
Present
(1) Chew's Food International Limited
(2) Fenghe Investment Holding Pte. Ltd.
(3) Caho Pte. Ltd.
(4) Sin Yang Food (S) Pte. Ltd.