Change - Announcement of Cessation::Retirement of Independent Director - Yu Lihong

Issuer & Securities

Issuer/ Manager
SEN YUE HOLDINGS LIMITED
Securities
SEN YUE HOLDINGS LIMITED - SG1M25902545 - 5BS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Jan-2023 17:31:49
Status
New
Announcement Sub Title
Retirement of Independent Director - Yu Lihong
Announcement Reference
SG230112OTHROPI3
Submitted By (Co./ Ind. Name)
Yap Meng Sing
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Retirement of Mdm. Yu Lihong ("Mdm. Yu") as Independent Director of the Company pursuant to Regulation 89 of the Company's Constitution at the conclusion of the Annual General Meeting of the Company, to be held on 13 January 2023 ("AGM").

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Joseph Au, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Yu Lihong
Age
46
Is effective date of cessation known?
Yes
If yes, please provide the date
13/01/2023
Detailed Reason (s) for cessation
Mdm. Yu will be retiring as an Independent Director of the Company pursuant to Regulation 89 of the Company's Constitution and will not be seeking for re-election at the AGM as she intends to devote more time to her full time employment and to allow for Board rejuvenation following the entry of the new ownership and management of the Company.

The Sponsor, after having interviewed Mdm. Yu and to its best knowledge, is satisfied that, save as disclosed in the announcement, there are no material reasons for the retirement of Mdm. Yu as Independent 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
03/09/2014
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Independent Director
Role and responsibilities
Assumed role and responsibilities as Non-Executive and Independent Director
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?
Yes
Shareholding Details
Direct interest in 6,000,000 shares of the Company
Other Directorships
Past (for the last 5 years)
N/A
Present
Ivy League Learning Concept Pte. Ltd.
Gifted and Talented Education Pte. Ltd.
CHH Holdings Pte. Ltd.
Bizmen Corporation Pte. Ltd.
H&M Group Pte. Ltd.
Arty Huaty Gallery Pte. Ltd.