Change - Announcement of Cessation::Announcement of Cessation of Executive Director and Deputy Chief Executive Officer

Issuer & Securities

Issuer/ Manager
RAFFLES INFRASTRUCTURE HOLDINGS LIMITED
Securities
RAFFLES INFRASTRUCTUREHLDGSLTD - BMG7354C1038 - LUY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Jul-2023 17:41:28
Status
New
Announcement Sub Title
Announcement of Cessation of Executive Director and Deputy Chief Executive Officer
Announcement Reference
SG230726OTHRUAXP
Submitted By (Co./ Ind. Name)
Gwendolyn Gn Jong Yuh
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Executive Director and Deputy Chief Executive Officer

Additional Details

Name Of Person
Ryan Chiu Tzong Min
Age
46
Is effective date of cessation known?
Yes
If yes, please provide the date
31/08/2023
Detailed Reason (s) for cessation
To focus on personal matters which requires more of Mr Ryan Chiu Tzong Min's time, and to pursue other business opportunities.

In view of the foregoing and given that the Company is currently undergoing a delisting process, Mr Ryan Chiu Tzong Min does not have sufficient time to focus on his role as an Executive Director and Deputy Chief Executive Officer of the Company.

That said, Mr Ryan Chiu Tzong Min will continue his role as the executive officer for the Group's digital business segment. Mr Ryan Chiu Tzong Min will remain as a director of Raffles Digital Infrastructure Pte. Ltd., Raffles Digital Infrastructure (Malaysia) Sdn. Bhd, Raffles Digital Infrastructure (Philippines) Inc, PT Raffles Digital Infrastructure Indonesia, Raffles Infrastructure Development Holdings Pte. Ltd. and Raffles Infrastructure Development Pte. Ltd. Mr Ryan Chiu Tzong Min will report directly to the Company's Board.

Mr Ryan Chiu Tzong Min confirms that there are no concerns or disagreements with the Board or management of the Company over matters involving the Company that led to his resignation.
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
13/12/2021
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Deputy Chief Executive Officer
Role and responsibilities
Mr. Ryan Chiu Tzong Min is responsible for overseeing the organization's overall performance, managing stakeholders, driving financial performance, optimizing operations, mitigating risks, representing the group externally, and ensuring the achievement of the organizational objectives.
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)
RMS Quality Pte Ltd
Siambev Pte Ltd
SC Inter Trade Pte Ltd
Megarig HeavyLift Services Pte Ltd
Present
Raffles Digital Infrastructure Pte. Ltd.
Raffles Infrastructure Development Holdings Pte. Ltd.
Raffles Infrastructure Development Pte. Ltd.
PT. Raffles Digital Infrastructure Indonesia
Raffles Digital Infrastructure (Malaysia) Sdn. Bhd.
Raffles Digital Infrastructure (Philippines) Inc