Change - Announcement of Cessation::RE-DESIGNATION OF EXECUTIVE CHAIRMAN AND CEO TO EXECUTIVE DIRECTOR AND GROUP CEO

Issuer & Securities

Issuer/ Manager
JUMBO GROUP LIMITED
Securities
JUMBO GROUP LIMITED - SG1CA7000005 - 42R
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Jan-2017 18:47:36
Status
New
Announcement Sub Title
RE-DESIGNATION OF EXECUTIVE CHAIRMAN AND CEO TO EXECUTIVE DIRECTOR AND GROUP CEO
Announcement Reference
SG170131OTHRD6ZW
Submitted By (Co./ Ind. Name)
Ang Kiam Meng
Designation
Executive Director and Group CEO
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, United Overseas Bank Limited (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, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Chia Beng Kwan, Senior Director, Equity Capital Markets, who can be contacted at 80 Raffles Place, #03-03 UOB Plaza 1, Singapore 048624, telephone: +65 6533 9898.

Additional Details

Name Of Person
Ang Kiam Meng
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
01/02/2017
Detailed Reason (s) for cessation
In order to focus on the Group's next stage of growth, Mr. Ang Kiam Meng ("Mr. Ang") will relinquish his appointment as Executive Chairman and will be re-designated from Executive Chairman and CEO to Executive Director and Group CEO.
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
04/02/2015
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Group CEO
Role and responsibilities
Mr. Ang is responsible for the Group's overall management, operations, strategic planning and business development.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr. Ang is the spouse of Mdm. Tan Yong Chuan, Jacqueline, an executive director of the Company. Mr. Ang is also the sibling of Mrs. Christina Kong Chwee Huan, an executive director of the Company. Mr. Ang Hon Nam, a controlling shareholder of the Company, is the father of Mr. Ang and Mrs. Christina Kong Chwee Huan.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr. Ang holds 110,167 shares in JBO Holdings Pte. Ltd. ("JBO"), representing approximately 13.1% of the total number of shares in JBO.

JBO holds 371,582,400 shares in the Company, representing approximately 57.9% of the total number of shares in the Company.
Past (for the last 5 years)
- Lotus Jumbo (Beijing) Food and Beverage Management Co., Ltd
- Singapore Culinary Institute Pte. Ltd.
Present
- Jardine Enterprise Pte Ltd
- JBT (China) Pte. Ltd.
- JBT F&B Management (Shanghai) Co., Ltd.
- Jumbo Catering Pte. Ltd.
- Jumbo F&B Services Pte. Ltd.
- Jumbo F&B Services (Shanghai) Co., Ltd.
- Jumbo Group of Restaurants Pte. Ltd.
- Jumbo Seafood Pte. Ltd.
- Ng Ah Sio Pte. Ltd.
- Ng Ah Sio Investments Pte. Ltd.
- SSR Sentosa Pte. Ltd.
- EDC@SCCCI Pte. Ltd.
- Kok Sing Realty (Pte) Ltd
- Seafood Republic Pte. Ltd.
- Slappy Cakes (Singapore) Pte. Ltd.
- Singapore Seafood Republic Pte. Ltd.
- JBO Holdings Pte. Ltd.
- Chinese Development Assistance Council