Change - Announcement of Cessation::Cessation of Mr Ong Kang Lye as General Manager

Issuer & Securities

Issuer/ Manager
FU YU CORPORATION LIMITED
Securities
FU YU CORPORATION LTD - SG1B56010922 - F13
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Feb-2024 17:44:28
Status
New
Announcement Sub Title
Cessation of Mr Ong Kang Lye as General Manager
Announcement Reference
SG240226OTHRK9CR
Submitted By (Co./ Ind. Name)
Janet Tan
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Ong Kang Lye ("Mr Ong") as General Manager of the Company with effect from 18 March 2024.

Additional Details

Name Of Person
Ong Kang Lye
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
18/03/2024
Detailed Reason (s) for cessation
To pursue personal interests. Mr Jason Lim, our Chief Operating Officer, will continue to oversee the internal operations of Singapore as well as the China and Malaysia after Mr Ong's departure.
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
01/11/2014
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.)
General Manager
Role and responsibilities
Overseeing the operations of the manufacturing facilities in Singapore.
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
220,000 shares in Fu Yu Corporation Limited
Past (for the last 5 years)
Nil
Present
Nil