Change - Announcement of Cessation::Resignation of Executive Director - Ms Lie Ly

Issuer & Securities

Issuer/ Manager
MARCO POLO MARINE LTD.
Securities
MARCO POLO MARINE LTD. - SG1W14938268 - 5LY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Dec-2024 12:26:58
Status
New
Announcement Sub Title
Resignation of Executive Director - Ms Lie Ly
Announcement Reference
SG241231OTHRSL8H
Submitted By (Co./ Ind. Name)
Sean Lee Yun Feng
Designation
CEO
Description (Please provide a detailed description of the event in the box below)
Resignation of Ms Lie Ly as an Executive Director of Marco Polo Marine Ltd on 31 December 2024.

Please also see separate announcement on the re-designation of Ms Lie Ly released today.

Additional Details

Name Of Person
Lie Ly
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2024
Detailed Reason (s) for cessation
Ms Lie Ly is retiring as an Executive Director and she will be taking on a more passive role in 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
12/02/2020
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)
4
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.)
Executive Director and Chief Financial Officer
Role and responsibilities
Ms Lie Ly is responsible for all finance, accounting, treasury and strategic development of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Sister of Executive Director and Chief Executive Officer, Mr Sean Lee Yun Feng
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
1) Ms Lie Ly is deemed interested in 160,714,285 ordinary shares held by a nominee.

2) Ms Lie Ly is deemed interested in 5,920,000 ordinary shares which will be issued and alloted to her upon exercise of the employee share options granted to her under the employee share option scheme of the Company
Past (for the last 5 years)
- MPST MARINE PTE LTD.
- MARCO POLO DRILLING PTE. LTD.
- MARCO POLO DRILLING (I) PTE. LTD.
- MARCO POLO OFFSHORE (VI) PTE. LTD.
Present
- MARCO POLO SHIPYARD PTE. LTD.
- MP MARINE PTE. LTD.
- MP SHIPPING PTE. LTD.
- MP VENTURES PTE. LTD.
- MARCO POLO WIND PRIVATE LIMITED
- MARCO POLO OFFSHORE (II) PTE. LTD.
- MP OFFSHORE PTE. LTD.
- MARCO POLO OFFSHORE (III) PTE. LTD.
- PT. PELAYARAN NASIONAL BINA BUANA RAYA TBK
- BBR SHIPPING PTE. LTD.
- PT. SINAR BINTANG MAKMUR
- MARCO POLO OFFSHORE (VII) PTE. LTD.
- HEATEC JIETONG HOLDINGS LTD.
- MP WINDCRAFT PTE. LTD.