Change - Announcement of Cessation::Cessation as an Executive Officer - Lim Poh Lian
Issuer & Securities
Y VENTURES GROUP LTD.
Y VENTURES GROUP LTD. - SG1DH7000008 - 1F1
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation as an Executive Officer - Lim Poh Lian
Submitted By (Co./ Ind. Name)
Lew Chern Yong
Executive Chairman and Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Ms Lim Poh Lian as an Executive Officer who will continue to remain as Freight Manager.
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (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:
Name: Mr Leong Weng Tuck, Registered Professional, RHT Capital Pte. Ltd.
Address: 9 Raffles Place, #29-01 Republic Plaza Tower 1, Singapore 048619
Telephone: (65) 6381 6966
Name Of Person
Lim Poh Lian
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Due to the changes in the other roles and responsibilities within the Group and their relative importance, Lim Poh Lian will re-linguish her role as an Executive Officer of the Group. Notwithstanding the above, there will be no change in her current role and responsibilities as Freight Manager within the Group and she continues to report to Low Yik Jin, the Chief Executive Officer and Executive Director of the Group.
The Company's Sponsor, RHT Capital Pte. Ltd. conducted an interview with Lim Poh Lian and is satisfied that, save as disclosed, in this announcement, there are no material reasons for the cessation of Lim Poh Lian as an Executive Officer of the Group and she continues to remain as Freight Manager of the Group.
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.)
Role and responsibilities
Main responsibilities include coordination, cross-border freight arrangements and being a liaison with last-mile fulfilment companies on rates and schedules.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)