Change - Announcement of Cessation::Resignation of Alternate Director

Issuer & Securities

Issuer/ Manager
HEATEC JIETONG HOLDINGS LTD.
Securities
HEATEC JIETONG HOLDINGS LTD. - SG1Y31945526 - 5OR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Aug-2024 18:32:06
Status
New
Announcement Sub Title
Resignation of Alternate Director
Announcement Reference
SG240801OTHRT6YM
Submitted By (Co./ Ind. Name)
Soon Jeffrey
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Alternate Director to Mr. Lim Soon Hock.

This announcement has been prepared by the Company and reviewed by the Company's sponsor, Novus Corporate Finance Pte. Ltd. (the "Sponsor"), in compliance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

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 contact person for the Sponsor is Mr. Pong Chen Yih, Chief Operating Officer, 7 Temasek Boulevard, #04-02 Suntec Tower 1, Singapore 038987, telephone (65) 6950 2188.

Additional Details

Name Of Person
Loke Weng Seng
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
01/09/2024
Detailed Reason (s) for cessation
Mr. Loke Weng Seng ("Mr. Loke") has tendered his resignation to reorganise his personal and professional commitments.

Following his resignation, Mr. Loke will cease to be the Alternate Director to Mr. Lim Soon Hock.

After interviewing Mr. Loke and to the best of its knowledge, the Sponsor is satisfied that, save as disclosed in this announcement, there are no material reasons for the resignation of Mr. Loke.
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
28/07/2018
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)
4
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.)
Alternative Director to Mr. Lim Soon Hock
Role and responsibilities
As described above.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr. Loke is a shareholder and the Group Executive Chairman of Tru-Marine Pte. Ltd., which is a substantial shareholder of the Company holding direct interests in 32,030,678 shares, representing 15.64% of the issued share capital of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr. Loke is a shareholder and director of Tru-Marine Pte. Ltd., which is a substantial shareholder of the company holding direct interests in 32,030,678 shares, representing 15.64% of the issued share capital of the Company.
Past (for the last 5 years)
1. Tru-Marine Shanghai Pte Ltd
2. Tru-Marine Houston LLC
Present
1. Tru-Marine Pte Ltd
2. Tru-Marine Technologies Pte Ltd
3. Tru-Marine Machinery & Engineering (S) Pte. Ltd.
4. Tru-Marine Tianjin (S) Pte Ltd
5. TurboWorld Pte Ltd
6. TruAero Pte Ltd
7. Pmax One Technologies Pte Ltd
8. Tru-Marine Turbocharger Services LLC
9. Tru-Marine Machinery & Engineering Shanghai Co., Ltd
10. Tru-Marine Machinery & Engineering Guangzhou Co., Ltd
11. Tru-Marine Cosco (Tianjin) Engineering Co., Ltd
12. Tru-Marine (Myanmar) Co., Ltd
13. Turbo Blower Service B.V.