Change - Announcement of Cessation::Announcement of Cessation

Issuer & Securities

Issuer/ Manager
CREATIVE TECHNOLOGY LTD.
Securities
CREATIVE TECHNOLOGY LTD - SG1A98006814 - C76
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Jan-2023 18:57:42
Status
New
Announcement Sub Title
Announcement of Cessation
Announcement Reference
SG230105OTHR2LLW
Submitted By (Co./ Ind. Name)
Tan Shao Mieng
Designation
Corporate Finance
Description (Please provide a detailed description of the event in the box below)
Demise of Chairman and Chief Executive Officer.

Additional Details

Name Of Person
Sim Wong Hoo
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
04/01/2023
Detailed Reason (s) for cessation
Passed away on 4 January 2023.
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
18/07/1983
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman and Chief Executive Officer, Chairman of Remuneration Committee and member of Nominating Committee.
Role and responsibilities
As Chairman and Chief Executive Officer, Mr. Sim Wong Hoo bears executive responsibility for the overall daily operations of the Group's various businesses. He also oversees the execution of the business and corporate strategy decisions made by the Board.
Following Mr. Sim Wong Hoo s demise, the Nominating Committee of the Company will be reviewing the Board s succession plans and will provide further updates in due course.
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
23,270,652 shares in Creative Technology Ltd
Past (for the last 5 years)
Broadxent, Inc.
EcTiVA, Inc.
Cruxible Pte Ltd
Flightship Pte Ltd
Present
Bukit Frontiers Pte Ltd
Cambridge SoundWorks, Inc.
C L Realty Inc.
CL Direct, Inc.
Creative Holdings, Inc.
Creative Labs, Inc.
Creative Labs, Inc., Malvern
Creative Technology International Limited
Creative Media Kabashiki Kaisha
CTI Limited
CTI II Limited
CTIC Limited
E-mu International Sales Corporation
E-mu Systems, Inc.
Innomedia Pte Ltd
Lucasfilm Animation Singapore Pte. Ltd.
Manakin Investments Pte. Ltd.
Meridian Innovation Pte. Ltd.
ShareVision Technology, Inc.
SXFI Pte. Ltd.
Intelllex Holdings Pte. Ltd.