Change - Announcement of Cessation::Cessation of Executive Director and Group Chief Executive Officer
Issuer & Securities
Issuer/ Manager
FU YU CORPORATION LIMITED
Securities
FU YU CORPORATION LTD - SG1B56010922 - F13
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Nov-2025 20:54:48
Status
New
Announcement Sub Title
Cessation of Executive Director and Group Chief Executive Officer
Announcement Reference
SG251101OTHRCKWT
Submitted By (Co./ Ind. Name)
Gilbert L. Rodrigues
Designation
Non-Executive Independent Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Seow Jun Hao David as Executive Director and Group Chief Executive Officer.
Additional Details
Name of person
Seow Jun Hao David
Age
40
Is effective date of cessation known?
Yes
If yes, please provide the date.
31/10/2025
Detailed reason(s) for cessation
The Board of Directors of the Company resolved to terminate Mr. Seow's employment with cause for gross default and misconduct. As a consequence thereof, Mr. Seow also ceased to be a director of the Company and all its subsidiaries and related entities with immediate effect in accordance with his contractual obligations pursuant to his service agreements with 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?
Yes
If yes, please elaborate.
Please see the Company's announcement dated 1 November 2025 on "1. Termination of Group Chief Executive Officer (With Cause) and 2. Leadership Succession" for more information on the events leading up to the cessation.
The Company is not aware as to whether Mr. Seow will be taking any steps to dispute his termination.
The Company shall disclose any further details at the appropriate juncture.
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Yes
If yes, please elaborate.
Please see the Company's announcement dated 1 November 2025 on "1. Termination of Group Chief Executive Officer (With Cause) and 2. Leadership Succession" for more information on the events leading up to the cessation.
The Company will disclose further details at the appropriate juncture.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of appointment to current position
18/01/2021
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Group Chief Executive Officer
Role and responsibilities
Executive. Responsible for overseeing the Group's operations.
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
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
4
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding details
Mr Seow Jun Hao David is interested in 9,000,000 ordinary shares in the capital of the Company, of which 4,000,000 ordinary shares are registered under OCBC Nominees Singapore Private Limited.
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Other Directorships
Past (for the last 5 years)
- Fu Yu Supply Chain Solutions Pte Ltd
- Classic Advantage Sdn Bhd
- Fu Hao Manufacturing (M) Sdn Bhd
- Fu Yu Moulding & Tooling (Dongguan) Co.,
Ltd.
- Fu Yu Moulding & Tooling (Suzhou) Co.,
Ltd.
- Fu Yu Moulding & Tooling (Zhuhai) Co., Ltd.
Present
Nil
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