Change - Announcement of Cessation::Cessation of Mr Lim Kok Hui as Chief Executive Officer

Issuer & Securities

Issuer/ Manager
ORIENTAL GROUP LTD.
Securities
ORIENTAL GROUP LTD. - SG1Q39922105 - 5FI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Feb-2017 19:58:16
Status
New
Announcement Sub Title
Cessation of Mr Lim Kok Hui as Chief Executive Officer
Announcement Reference
SG170202OTHRVVI3
Submitted By (Co./ Ind. Name)
Muk Siew Peng
Designation
Judicial Manager
Description (Please provide a detailed description of the event in the box below)
Kindly note that there is an inadvertent error in the announcement dated 30 December 2016 in relation to the cessation of Mr Lim Kok Hui as Executive Director (Announcement Reference SG161230OTHRU3HV). It should have been noted in that announcement that Mr Lim Kok Hui holds 14,400,000 shares of the Company.

Mr Lim Kok Hui has ceased to be the Chief Executive Officer of the Company following the appointment of the Judicial Manager.

The number of cessations of appointments specified in Rule 704(6) of the Listing Manual over the past 12 months does not take into account the Cessation.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088.

Additional Details

Name Of Person
Lim Kok Hui
Age
46
Is effective date of cessation known?
Yes
If yes, please provide the date
01/02/2017
Detailed Reason (s) for cessation
Mr Lim Kok Hui ceased to be the Chief Executive Officer of the Company as part of the Company's cost savings measures and the Judicial Manager thank Mr Lim for his services rendered to the Company.

Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the removal of Mr Lim Kok Hui as the Chief Executive Officer 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
11/05/2016
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
12
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer
Role and responsibilities
Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
14,400,000 shares
Past (for the last 5 years)
Black dragon Pte Ltd
Hock Hong Chun Pte Ltd
Wan Dormitory Pte Ltd
White Rhino Pte Ltd
Beyond Luxe Pte Ltd
Beyond Incorporation Pte Ltd
Lexus Investment Pte Ltd
Solitaire Investment Pte Ltd
Present
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