Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
SIM LEISURE GROUP LTD.
Securities
SIM LEISURE GROUP LTD. - SGXE75616446 - URR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Mar-2024 20:27:56
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG240314OTHRHXMA
Submitted By (Co./ Ind. Name)
Dato' Sim Choo Kheng
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Resignation of Ms. Tan Hui Tsu as Independent Director of Sim Leisure Group Ltd. (the "Company")

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange 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. Shervyn Essex, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Tan Hui Tsu
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
14/03/2024
Detailed Reason (s) for cessation
Ms. Tan Hui Tsu ("Ms. Tan") has informed the Board of Directors that she is resigning as Independent Director of the Company to focus on pursuing other opportunities.

The Company will release an updated announcement on the updated Board and the respective Committee's composition when it has been finalised.

After having interviewed Ms. Tan and to the best of its knowledge, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the retirement of Ms. Tan as Independent Director of the Company.
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
01/07/2021
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)
1
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.)
Independent Director, Chairman of Nominating Committee, Member of Audit Committee and Remuneration Committee
Role and responsibilities
Independent Director, Chairman of Nominating Committee, Member of Audit Committee and Remuneration Committee
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)
LHN Logistics Ltd.
Present
Nil