Change - Announcement of Cessation::Resignation of Executive Director

Issuer & Securities

Issuer/ Manager
MERCURIUS CAP INVESTMENT LTD
Securities
MERCURIUS CAP INVESTMENT LTD - SG2B96959558 - 5RF
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Mar-2025 20:59:45
Status
New
Announcement Sub Title
Resignation of Executive Director
Announcement Reference
SG250304OTHRKBHI
Submitted By (Co./ Ind. Name)
Chu Yun Yuan
Designation
Executive Director and Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr. Tan Boon Kok ("Mr.Tan"), an Executive Director of the Company

This announcement has been prepared by the Company and reviewed by the Company's sponsor, Novus Corporate Finance Pte. Ltd. (the "Sponsor"), in compliance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the 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 Mr. Pong Chen Yih, Chief Operating Officer, at 7 Temasek Boulevard, #04-02, Suntec Tower 1, Singapore 038987, telephone (65) 69502188.

Additional Details

Name Of Person
Tan Boon Kok
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
04/03/2025
Detailed Reason (s) for cessation
Mr. Tan has informed the Board of Directors that he is resigning as Executive Director of the Company as the Songmart business has been discontinued and there has been a change of management of the Company.

Based on its enquiries and to the best of its knowledge, the Company's sponsor, Novus Corporate Finance Pte. Ltd., is satisfied that, save as disclosed in the announcement, there are no other material reasons for the resignation of Mr. Tan as an Executive 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
30/11/2022
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
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Managing the overall operations of Songmart Holdings Sdn. Bhd..
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr. Tan is the nephew of Ms. Tan Ah Mai, who is his Alternate Director.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Massachusetts Strater Sdn. Bhd.

Raffles City Holdings Sdn Bhd.

Raffles Capital Sdn. Bhd.

Fourseas Grocery Sdn. Bhd.

Fourseas City Holdings Sdn. Bhd.

Raffles Plantation Sdn. Bhd.

MSA Advisory Sdn. Bhd.

Multiwide Profit Sdn. Bhd.

Y&Y Consulting Group Sdn, Bhd.
Present
Tan Lee Heng Import & Export Sdn. Bhd.

Songmart Malaysia Sdn. Bhd.

Songmart Holdings Sdn. Bhd.

Granville Grocery Sdn. Bhd.

Fourseas Holdings Sdn. Bhd.

Raffles Holdings Sdn. Bhd.

MSA Consulting Sdn. Bhd.

Raffles Assets Sdn. Bhd.

Fourseas Holdings Sdn. Bhd.