Change - Announcement of Cessation::Cessation of directorship arising from retirement - Mr. Cheng Liang Chye

Issuer & Securities

Issuer/ Manager
SALT INVESTMENTS LIMITED
Securities
SALT INVESTMENTS LIMITED - SG1W79939920 - FQ7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Sep-2026 03:17:02
Status
New
Announcement Sub Title
Cessation of directorship arising from retirement - Mr. Cheng Liang Chye
Announcement Reference
SG260915OTHRQRX3
Submitted By (Co./ Ind. Name)
Ng Joo Khin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mr. Cheng Liang Chye, an independent and non-executive director of the Company, who is due to retire by rotation (but eligible for re-election) after the conclusion of the forthcoming Annual General Meeting convened to be held on 29 September 2026 pursuant to Regulation 92 of the Constitution of the Company, has expressed his desire not to be put forward for re-election. Accordingly, his directorship with the Company will cease upon the conclusion of the said Annual General Meeting.

The Company is in the process of identifying suitable candidates to be considered for appointment to fill the vacancy resulting from the retirement of Mr. Cheng.

Additional Details

Name of person
Cheng Liang Chye
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date.
29/09/2026
Detailed reason(s) for cessation
Mr. Cheng Liang Chye who is due to retire pursuant to Regulation 92 of the Constitution of the Company has expressed his desire not to be put forward for re-election as he would like to devote more time and focus on his personal business and investments as well as to pursue other personal interests.
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
31/05/2024
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent and Non-Executive Director
Chairman, Remuneration Committee
Member, Audit Committee and Nominating Committee
Role and responsibilities
Please refer to the corporate governance practices of the Company as described in its Annual Report 2026, in particular, the specific responsibilities of the Remuneration Committee, Audit Committee and Nominating Committee in respect of which Mr. Cheng is Chairman (Remuneration Committee) and a member (Audit Committee and Nominating Committee).

Apart from his general responsibilities as an independent and non-executive member of the Board of Directors of the Company, Mr. Cheng in his capacity as Chairman of the Remuneration Committee leads the work of the Remuneration Committee in respect of remuneration matters concerning the Company and the Group - details can be found in the Corporate Governance Report (Section II Remuneration Matters) in the Annual Report 2026.
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of independent directors currently resident in Singapore (taking into account this cessation)
1
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
No
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)
None
Present
Managing Director, SMC Food 21 Pte. Ltd.