Change - Announcement of Cessation::Cessation of Non-Executive Chairman and Independent Director - Mr Tan Choon Seng

Issuer & Securities

Issuer/ Manager
SOUP HOLDINGS LIMITED
Securities
SOUP HOLDINGS LIMITED - SG1U97935860 - 5KI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Jul-2026 17:41:09
Status
New
Announcement Sub Title
Cessation of Non-Executive Chairman and Independent Director - Mr Tan Choon Seng
Announcement Reference
SG260724OTHR5QH6
Submitted By (Co./ Ind. Name)
Chong In Bee
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Non-Executive Chairman and Independent Director - Mr Tan Choon Seng

Additional Details

Name of person
Tan Choon Seng
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date.
31/07/2026
Detailed reason(s) for cessation
The Board of Directors ("Board") of Soup Holdings Limited ("Company", together with its subsidiaries, collectively the "Group") wishes to announce that Mr. Tan Choon Seng ("Mr. Tan") has decided to step down as the Non-Executive Chairman and Independent Director of the Company with effect from 31 July 2026 to allow a new chairperson to steer the Company forward.

Upon Mr Tan's resignation, he will concurrently relinquish his roles as the Chairman of the Remuneration Committee and a member of the Nominating Committee and Audit Committee of the Company. As a result, save for the Nominating Committee, the number of members in the Audit Committee and Remuneration Committee will fall below the required minimum number of 3 members following Mr Tan's resignation. The Company is currently reviewing the composition of the Audit Committee, Nominating Committee and Remuneration Committee and will update the shareholders in due course. The Company will endeavour to fill the vacancy within 2 months, but in any case, no later than 3 months after the effective date of Mr Tan's resignation.
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
26/04/2024
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Chairman and Independent Director
Chairman of Remuneration Committee
Member of Nominating Committee
Member of Audit Committee
Role and responsibilities
Non-Executive
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)
2
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
2
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding details
Direct interest: 67,500 ordinary shares in the Company
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No.
Other Directorships
Past (for the last 5 years)
Koda Ltd

Link2 Ventures Pte. Ltd.

Link2people Pte. Ltd.

Singapore University of Social Sciences

Ivy Cubs Pte. Ltd.

18C Holding Pte. Ltd.

Singapore Institute of Management Group Limited


Other Principal Commitments: Nil
Present
Nil

Other Principal Commitments: Nil