Change - Announcement of Cessation::Cessation of Executive Director

Issuer & Securities

Issuer/ Manager
Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Apr-2020 17:35:48
Announcement Sub Title
Cessation of Executive Director
Announcement Reference
Submitted By (Co./ Ind. Name)
Neo Kah Kiat
Executive Chairman & Chief Executive Officer
Effective Date and Time of the event
30/04/2020 17:00:00
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Director

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, CIMB Bank Berhad, Singapore Branch (the "Sponsor"), for compliance with the relevant rules of the SGX-ST.

The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assume 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 Mr. Yee Chia Hsing, Head, Catalist. The contact particulars are 50 Raffles Place #09-01 Singapore Land Tower Singapore 048623, telephone: +65 63375115

Additional Details

Name Of Person
Liew Choh Khing
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
This is part of the Board restructuring following the Nomination Committee's and the Board's review and deliberation on the composition of the Board in compliance with provisions 2.2 and 2.3 of the Code of Corporate Governance 2018 and the Listing Manual of the Singapore Exchange Securities Trading Limited.

Mr Liew Choh Khing has voluntarily resign as Executive Director of the Company. He remains with the Company as management personnel with no change to his day-to-day responsibilities in his executive role in 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Exective Director
Role and responsibilities
Mr Liew Choh Khing oversees the business and sales development strategies of the Group's food retail business and is instrumental in the development and expansion of this business segment.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Liew Choh Khing is the brother of Ms Liew Oi Peng, an Executive Director who is also the spouse of Mr Neo Kah Kiat, the Chairman and Chief Executive Officer of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Shareholding Details
Mr Liew Choh Khing is holding 1,691,558 ordinary shares in the share capital of Neo Group Limited
Past (for the last 5 years)
Deli Hub Catering Pte. Ltd.
Liang Yuan Pte. Ltd.
Orange Clove Catering Pte. Ltd.
G&C Food Investment Pte. Ltd.
Niwa Pte. Ltd.