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

Issuer & Securities

Issuer/ Manager: MERCURIUS CAP INVESTMENT LTD
Securities: MERCURIUS CAP INVESTMENT LTD - SG2B96959558 - 5RF
Stapled Security: No

Announcement Details

Announcement Title: Change - Announcement of Cessation
Date &Time of Broadcast: 24-Dec-2024 14:57:11
Status: New
Announcement Sub Title: Demise of Non-Independent Non-Executive Director
Announcement Reference: SG241224OTHRSMHM
Submitted By (Co./ Ind. Name): Chu Yun Yuan
Designation: Executive Director and Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below): Demise of Mr. Teo Soon Seng, a Non-Independent Non-Executive Director

This announcement has been prepared by the Company and reviewed by the Company's sponsor, Novus Corporate Finance Pte. Ltd. (the "Sponsor"), in compliance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "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 correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Pong Chen Yih, Chief Operating Officer, 7 Temasek Boulevard, #04-02 Suntec Tower 1, Singapore 038987, telephone (65) 6950 2188.

Additional Details

Name Of Person: Teo Soon Seng
Age: 74
Is effective date of cessation known?: Yes
If yes, please provide the date: 24/12/2024
Detailed Reason (s) for cessation: Mr. Teo Soon Seng passed away on 24 December 2024.
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: 28/02/2022
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): 1
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.): Non-Independent Non-Executive Director, and a member of the Audit, Nominating and Remuneration Committees
Role and responsibilities: Duties of an Non-Independent Non-Executive Director, and a member of the Audit, Nominating and Remuneration Committees
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries: No
Shareholding interest in the listed issuer and its subsidiaries?: Yes
Shareholding Details: Mr. Teo holds 15,500,000 shares, which is approximately 1.169% shareholding interest in the Company, which are held through UOB Kay Hian Pte. Ltd.

Mr. Teo's spouse holds 13,000,000 shares, which is approximately 0.980% shareholding interest in the Company, which are held through UOB Kay Hian Pte. Ltd.
Past (for the last 5 years): Nil
Present: 2015 - Current
Executive Director, Hirosawa Clean Technic Holdings Pte. Ltd.

2009 - Current
Executive Director, MS Global Pte. Ltd.

2006 - Current
Executive Director, Mossad Holdings Pte. Ltd.

2003 - Current
Executive Director, Mossad Services Pte. Ltd.

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