Change - Announcement of Cessation::Resignation of Managing Director
Issuer & Securities
VCPLUS LIMITED - SG1CG7000002 - 43E
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Managing Director
Submitted By (Co./ Ind. Name)
Lim Beng Chew
Description (Please provide a detailed description of the event in the box below)
Resignation of Managing Director
This announcement has been prepared by VCPlus Limited (the "Company") and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.
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, 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 Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.
Name Of Person
Lim Chiau Woei
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr. Lim Chiau Woei ("Mr. Lim") is the Company's Executive Director responsible for its mining business. Mr. Lim is resigning as the Company has exited the mining business in May 2022.
Based on its enquiries, the Company's sponsor, UOB Kay Hian Private Limited, is satisfied that, save as disclosed in the announcement, there are no material reasons for the cessation of Mr. Lim as the Managing Director 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?
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
Executive. Responsible for overseeing the Company's mining operations.
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?
Direct interest: 206,263,319 ordinary shares
Past (for the last 5 years)
EH Management Sdn. Bhd. (struck-off)
Angka Marketing Pte. Ltd. (struck-off)
Konsortium Gabungan Pembalakan Tembat Sdn Bhd (struck-off)
Bayaman Development Sdn Bhd
EH Hospitality Pte Ltd (struck-off)
GGT Premier Sdn Bhd (struck-off)
GGT ID Sdn Bhd (struck-off)
Angka Alamjaya Sdn. Bhd.
Angka Mining Sdn. Bhd.
GGTM Sdn. Bhd.
Stonetrade Sdn. Bhd.
Gabungan Granite (Terengganu)
Sandredge Sdn. Bhd.
WA Consolidated Private Limited
ARG Consolidated Sdn.Bhd.
ARS Consolidated Sdn. Bhd.
AAKG Mining Sdn. Bhd.
Silica Valley Sdn. Bhd.
ARL Holdings Sdn. Bhd.