Change - Announcement of Cessation::Resignation of Executive Director - Mr. Robby

Issuer & Securities

Issuer/ Manager
SINCAP GROUP LIMITED
Securities
SINCAP GROUP LIMITED - SG2F03983689 - 5UN
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Jan-2021 22:45:25
Status
New
Announcement Sub Title
Resignation of Executive Director - Mr. Robby
Announcement Reference
SG210124OTHRKZ1S
Submitted By (Co./ Ind. Name)
Chu Ming Kin
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Mr. Robby's resignation has been noted and accepted by the Board of Directors of the Company (the "Board") and the Board has unanimously agreed that his resignation be effective from 25 January 2021.

This announcement has been reviewed by the Company's sponsor, Stamford Corporate Services Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 Bernard Lui. Tel: 6389 3000 Email: bernard.lui@morganlewis.com

Additional Details

Name Of Person
Robby
Age
37
Is effective date of cessation known?
Yes
If yes, please provide the date
25/01/2021
Detailed Reason (s) for cessation
Mr. Robby is resigning to pursue other career opportunities in Indonesia where he is based. The Sponsor, after having interviewed Mr. Robby, is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Robby as Executive Director of the Company.

Mr. Robby has confirmed that in his view, save for the Company's receivables due from Artwell, which have been disclosed in the annual report and subsequent announcements on 15 April 2020, 4 December 2020 and 6 December 2020, there are no other matters which should be brought to the attention of shareholders.

Mr. Robby is currently serving his 1 month notice period, which was shortened to 2 weeks after the Company agreed to offset his outstanding leave balance.

He will be working with Mr. Ken Chu, the Executive Chairman of the Group to ensure a smooth transition and handover of duties.
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
05/07/2018
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director of Sincap Group Limited and Chief Operating Officer of Orion Energy Resources Pte. Ltd.
Role and responsibilities
As above.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
Nil