Change - Announcement of Cessation::Cessation of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
COMBINE WILL INTL HLDGS LTD
Securities
COMBINE WILL INTL HLDGS LTD - KYG229811156 - N0Z
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Dec-2021 21:35:49
Status
New
Announcement Sub Title
Cessation of Chief Executive Officer
Announcement Reference
SG211231OTHRDJV9
Submitted By (Co./ Ind. Name)
Ng Joo Khin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Executive Officer

Additional Details

Name Of Person
Tam Jo Tak, Dominic
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2022
Detailed Reason (s) for cessation
Tam Jo Tak, Dominic will be stepping down from his position as chief executive officer in order to separate the positions of executive chairman and chief executive officer for enhanced corporate governance and more balanced control and management. He will remain as the Executive Chairman 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
27/12/2007
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman and Chief Executive Officer
Role and responsibilities
Oversight over the business and management activities of the Company and the Group.
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
Tam Jo Tak, Dominic holds 57.14% shareholding interest in DJKS Holdings Limited, a controlling shareholder of the Company. He is also a director of DJKS Holdings Limited. Accordingly, he is deemed interested in the shares of the Company held by DJKS Holdings Limited.
Past (for the last 5 years)
None
Present
Executive Chairman, Combine Will International Holdings Limited

Director, DJKS Holdings Limited