Change - Announcement of Cessation::Retirement of Executive Director - Mr Wong See Keong

Issuer & Securities

Issuer/ Manager
UG HEALTHCARE CORPORATION LIMITED
Securities
UG HEALTHCARE CORPORATIONLTD - SGXE48766716 - 8K7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Oct-2024 07:12:02
Status
New
Announcement Sub Title
Retirement of Executive Director - Mr Wong See Keong
Announcement Reference
SG241014OTHRNVPR
Submitted By (Co./ Ind. Name)
Lee Jun Yih
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Wong See Keong as Executive Director upon conclusion of the forthcoming Annual General Meeting ("AGM") to be held on 29 October 2024.

This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 Ms Charmian Lim (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Wong See Keong
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
29/10/2024
Detailed Reason (s) for cessation
Mr Wong See Keong is due to retire at the forthcoming AGM to be held on 29 October 2024 pursuant to Regulation 104 of the Company's Constitution. He has decided not to seek for re-election and subsequent to the conclusion of the forthcoming AGM, will retire as Executive Director of the Company.

Following his retirement as Executive Director of the Company, Mr Wong See Keong will remain a Director for the following subsidiaries of the Group in Malaysia:
- N.S. Uni-Gloves Sdn Bhd
- UG Global Resources Sdn Bhd
- UG Glovetech Sdn Bhd
- UG Engineering Sdn Bhd
- UG Healthcare Sdn Bhd

The Sponsor, after having interviewed Mr Wong See Keong, is satisfied that, save as disclosed in this announcement, there are no other material reasons for his retirement as 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
20/11/2014
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
Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Directly interested in 29,387,243 ordinary shares, representing 4.71% shareholding of the Company.
Past (for the last 5 years)
Nil
Present
1. N.S. Uni-Gloves Sdn. Bhd.
2. UG Global Resources Sdn. Bhd.
3. UG Glovetech Sdn. Bhd.
4. UG Engineering Sdn. Bhd.
5. UG Healthcare Sdn. Bhd.