Change - Announcement of Cessation::Resignation of Chief Operating Officer

Issuer & Securities

Issuer/ Manager
JAPAN FOODS HOLDING LTD.
Securities
JAPAN FOODS HOLDING LTD. - SG1X84942272 - 5OI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2022 17:39:00
Status
New
Announcement Sub Title
Resignation of Chief Operating Officer
Announcement Reference
SG220429OTHRRX15
Submitted By (Co./ Ind. Name)
Chew Pei Tsing
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Chief Operating Officer.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("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 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 Mr Lance Tan, Senior Vice President, at 8 Anthony Road #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Chan Chau Mui
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
31/05/2022
Detailed Reason (s) for cessation
Ms Chan Chau Mui ("Ms Chan") will resign from her current position of Chief Operating Officer to devote more time to her other commitments and is currently serving her notice until 31 May 2022.

Based on its enquiries, the Company's Sponsor, UOB Kay Hian Private Limited is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Ms Chan as the Chief Operating Officer 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
28/04/2015
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Operating Officer
Role and responsibilities
Responsible for overseeing the overall daily operation of the Group and successful execution of the Group's business strategies.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Ms Chan is deemed an associate of Mr Takahashi Kenichi, the Company's Executive Chairman and the Group's Chief Executive Officer.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct Interest - 8,100,000 ordinary shares
Deemed Interest - 114,814,800 ordinary shares
Past (for the last 5 years)
Nil
Present
Director of the following subsidiaries of the Company:
(i) Bachmann Enterprises Pte Ltd (since 1999)
(ii) Bachmann Japanese Restaurant Pte Ltd (since 1999)
(iii) Japan Foods Enterprises Pte Ltd (since 2005)
(iv) Japan Foods Bridge Pte Ltd (since 2017)

Following her resignation as the Chief Operating Officer of the Company, Ms Chan will step down from her directorships in the above subsidiaries in due course.