Change - Announcement of Cessation::Announcement of Cessation of VP, Operations

Issuer & Securities

Issuer/ Manager
JEP HOLDINGS LTD.
Securities
JEP HOLDINGS LTD. - SG1EE3000007 - 1J4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Oct-2020 17:21:10
Status
New
Announcement Sub Title
Announcement of Cessation of VP, Operations
Announcement Reference
SG201001OTHRC3DF
Submitted By (Co./ Ind. Name)
Andy Luong
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor,
RHT Capital Pte. Ltd. (the "Sponsor" ), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST" ) Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement. 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 details of the contact person for the Sponsor is:
Name: Mr. Lay Shi Wei (Registered Professional, RHT Capital Pte. Ltd.)
Address: 9 Raffles Place #29-01, Republic Plaza Tower 1, Singapore 048619
Telephone: 6381 6966

Additional Details

Name Of Person
Loh Wai Cheong
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
30/09/2020
Detailed Reason (s) for cessation
Rationalization of management team due to uncertainty of aviation business outlook globally.
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
13/04/2020
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.)
Vice President, Operations
Role and responsibilities
Responsible for strategic growth, business development and mergers and acquisitions in relation to aviation business unit
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