Change - Announcement of Cessation::Resignation of Non-Executive Independent Director

<font style="vertical-align: inherit;"><font style="vertical-align: inherit;">Issuer & Securities</font></font>

Issuer/ Manager
SITRA HOLDINGS (INTERNATIONAL) LIMITED
Securities
SITRA HOLDINGS (INTL) LIMITED - SG1V70937494 - 5LE
Stapled Security
No

<font style="vertical-align: inherit;"><font style="vertical-align: inherit;">Announcement Details</font></font>

Announcement Sub Title
Resignation of Non-Executive Independent Director
Announcement Reference
SG210802OTHRLNS0
Submitted By (Co./ Ind. Name)
Steven Chew
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Daniels Ng Boon Huan ("Mr Ng") as Non-Executive Independent Director. Following his resignation, Mr Ng will ipso facto cease as the Chairman of the Remuneration Committee and a Member of the Audit and the Nominating Committees.

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 assumes no responsibility for the contents of this announcement, includingthe correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Leong Weng Tuck - Registered Professional, 6 Raffles Quay, #24-02, Singapore 048580, sponsor@rhtgoc.com.

Additional Details

Name Of Person
Daniels Ng Boon Huan
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
31/08/2021
Detailed Reason (s) for cessation
To facilitate Board renewal of directors pursuant to corporate governance principles. The Board and the Management of Sitra Group would like to record their sincere appreciation and thanks to Mr Daniels Ng Boon Huan for his invaluable contributions to the Company's development over the past 15 years and wish him well for the future.
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
20/09/2006
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director, Remuneration Committee Chairman, a member of Audit Committee and Nominating Committee.
Role and responsibilities
Non-Executive Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
4,120,000 shares
Past (for the last 5 years)
NIL
Present
Director of
Capitale Ventures Pte
Ltd, Managing Director of Capitale Advisory
Pte Ltd and Advisor
Associates (S) Pte Ltd