Change - Announcement of Cessation::Resignation of Lead Independent Director

Issuer & Securities

Issuer/ Manager
OEL (HOLDINGS) LIMITED
Securities
OEL (HOLDINGS) LIMITED - SG0584008601 - 584
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
17-Jul-2020 22:33:18
Status
New
Announcement Sub Title
Resignation of Lead Independent Director
Announcement Reference
SG200717OTHRZW66
Submitted By (Co./ Ind. Name)
Zhao Xin
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Lead Independent Director.

This announcement has been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined 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 details of the contact person for the Sponsor are:

Name: Mr Shervyn Essex (Registered Professional, RHT Capital Pte. Ltd.)
Address: 9 Raffles Place, #29-01 Republic Plaza Tower 1, Singapore 048619
Tel: 6381 6966

Additional Details

Name Of Person
Lam Kwong Fai
Age
41
Is effective date of cessation known?
Yes
If yes, please provide the date
17/07/2020
Detailed Reason (s) for cessation
To facilitate the smooth operations of the Board in addressing the future developments of the Company.

After having interviewed Mr Lam Kwong Fai and to the best of its knowledge, the Company's Sponsor, RHT Capital Pte. Ltd., is satisfied that saved as disclosed in this announcement, there are no other material reasons for the cessation of Mr Lam Kwong Fai as a Lead Independent Director.
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
15/01/2020
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
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, NC Chairman, AC and RC Member
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)
1. Medtecs International Corporation Limited
2. Medtecs (Asia Pacific) Pte Ltd
Present
1. Pan Asian Holdings Limited
2. D'Nonce Technology Bhd
3. China Kunda Technology Holdings Limited
4. Soon Lian Holdings Limited
5. 3 Peaks Capital Private Limited (Dormant)
6. Zenith Distribution LLP (Dormant)