Change - Announcement of Cessation::Cessation of Chief Operating Officer

Issuer & Securities

Issuer/ Manager
CHEMICAL INDUSTRIES (FAR EAST) LIMITED.
Securities
CHEMICAL INDUSTRIES (F.E.) LTD - SG1B37000984 - C05
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Oct-2023 18:45:52
Status
New
Announcement Sub Title
Cessation of Chief Operating Officer
Announcement Reference
SG231012OTHR19W5
Submitted By (Co./ Ind. Name)
Foo Soon Soo
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Loi Kheng Seong as Chief Operating Officer of the Company

Additional Details

Name Of Person
Loi Kheng Seong
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
11/04/2024
Detailed Reason (s) for cessation
Mr Loi has tendered his resignation as Chief Operating Officer with notice, to pursue his self-interest and personal goals. His cessation as COO will take effect from 11 April 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
05/09/2022
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Operating Officer
Role and responsibilities
He is responsible for Manufacturing and Plant Asset Management, Production and Engineering Services, Logistics and Procurement, Sales and Marketing, Operations staff, and overseas operations.
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?
No
Past (for the last 5 years)
Nil
Present
Nil