Change - Announcement of Cessation::CESSATION OF CHIEF EXECUTIVE OFFICER

Issuer & Securities

Issuer/ Manager
POWERMATIC DATA SYSTEMS LIMITED
Securities
POWERMATIC DATA SYSTEMS LTD - SG1BF0000003 - BCY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Jan-2025 17:26:38
Status
New
Announcement Sub Title
CESSATION OF CHIEF EXECUTIVE OFFICER
Announcement Reference
SG250103OTHRQNJ7
Submitted By (Co./ Ind. Name)
Wong Yoen Har
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation as Chief Executive Officer

Additional Details

Name Of Person
Chen Mun
Age
77
Is effective date of cessation known?
Yes
If yes, please provide the date
03/01/2025
Detailed Reason (s) for cessation
Resigned as Chief Executive Officer ("CEO") as Jason Tao Ping has been appointed as CEO with effect from 3 January 2025.

Dr Chen Mun will remain as Board Chairman and Executive Director.
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
01/02/1989
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Resigned as Chief Executive Officer, will remain as Board Chairman and Executive Director.
Role and responsibilities
Responsible for formulating and implementing business strategies towards the wireless connectivity business.
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?
Yes
Shareholding Details
19,427,932 ordinary shares
Past (for the last 5 years)
NIL
Present
Listed Company:
Powermatic Data Systems Limited

Non-listed companies:
- Compex Systems Pte Ltd
- Compex Technologies Pte Ltd
- Compex Technologies Sdn Bhd.
- Compex (Suzhou) Co. Ltd
- Compex Wireless (Suzhou) Co. Ltd