Change - Announcement of Cessation::Resignation of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
OCEAN SKY INTERNATIONAL LIMITED
Securities
OCEAN SKY INTERNATIONAL LTD - SG1DD2000002 - 1B6
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Apr-2025 17:15:13
Status
New
Announcement Sub Title
Resignation of Independent Non-Executive Director
Announcement Reference
SG250430OTHR6WN8
Submitted By (Co./ Ind. Name)
Low Wei Han
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Non-Executive Director

This announcement has been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 Lance Tan, Senior Vice President, at 8 Anthony Road #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Tan Teng Wee
Age
68
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2025
Detailed Reason (s) for cessation
As part of ongoing Board renewal and rejuvenation plan, Mr Tan Teng Wee ("Mr Tan") has resigned as an Independent Non-Executive Director of the Company to facilitate the Board's refreshment process. Consequent to his resignation, he will also step down from his roles as Chairman of the Nominating Committee and as a member of the Audit Committee and Remuneration Committee.

The Board would like to extend its appreciation to Mr Tan for his invaluable contribution to the Company during his tenure of service.

Based on its enquiries, the Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the resignation of Mr Tan as Independent Non-Executive 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
01/10/2020
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of Nominating Committee and Member of Audit Committee and Remuneration Committee.
Role and responsibilities
Roles and responsibilities of Independent Non-Executive Director, Chairman of Nominating Committee and 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
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
Starburst Holdings Limited
Present
Nil