Change - Announcement of Cessation::Change - Announcement of Cessation

Issuer & Securities

Issuer/ Manager
NIPPECRAFT LIMITED
Securities
NIPPECRAFT LIMITED - SG1A83000921 - N32
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
08-Apr-2024 20:35:27
Status
New
Announcement Sub Title
Change - Announcement of Cessation
Announcement Reference
SG240408OTHRX0RD
Submitted By (Co./ Ind. Name)
Chan Cheng Fei
Designation
Executive Director and Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation as an Independent Director

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

Additional Details

Name Of Person
Khoo Song Koon
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2024
Detailed Reason (s) for cessation
Mr. Khoo Song Koon ("Mr. Khoo") had expressed his intention to retire and will not be seeking re-election as a director of the Company at the forthcoming annual general meeting of the Company scheduled to be held on 30 April 2024.

The Board of Directors and Management sincerely thank Mr. Khoo for his invaluable contribution, dedication and commitment during his tenure with the Company.

Based on its enquires, the Company's Sponsor, SAC Capital Private Limited, is satisfied that other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr. Khoo.
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
27/02/2015
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)
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.)
Non-executive Chairman and Chairman of the Audit Committee and a member of both the Nominating Committee and the Remuneration Committee.
Role and responsibilities
As above
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Resources Prima Group Limited
Gadera Pte Ltd
Faerma Pte Ltd
Posh Digital Dental Laboratory Pte. Ltd.
Zicap Limited (BVI)
Inter Power Equities Ltd (BVI)
E-Pos Service Holding Ltd (BVI)
Aesthetic One Limited (HK)
ABOUT CLICK Company Limited (HK)
FAST and RIGHT Company Limited (HK)
Great Divine Investments Limited (BVI)
Present
XMH Holdings Ltd
JKhoo Consultancy Pte. Ltd.
Questcor International Pte Ltd
Cassville Pte. Ltd.
Amarilla Investments Pte. Ltd.
Toptoo Industrial Limited (BVI)
Elegant Link International Trading Limited (BVI)
Great Vanguard International Limited (BVI)