Change - Announcement of Cessation::Relinquishment of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
SIN GHEE HUAT CORPORATION LTD.
Securities
SIN GHEE HUAT CORPORATION LTD. - SG1V04936067 - B7K
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Apr-2021 13:12:29
Status
New
Announcement Sub Title
Relinquishment of Chief Executive Officer
Announcement Reference
SG210402OTHRRD7O
Submitted By (Co./ Ind. Name)
Goh Chee Wee
Designation
Non-Executive Chairman and Independent Director
Description (Please provide a detailed description of the event in the box below)
Mr Kua Ghim Siong will relinquish his position as Chief Executive Officer with effect from 1 October 2021. Mr Kua Ghim Siong will continue to remain as Executive Director of the Company.

Additional Details

Name Of Person
Kua Ghim Siong
Age
43
Is effective date of cessation known?
Yes
If yes, please provide the date
01/10/2021
Detailed Reason (s) for cessation
Mr Kua Ghim Siong will relinquish his position as Chief Executive Officer but remain as Executive Director of the Company. This is in line with the Company's succession plan.
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
01/08/2013
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer and Executive Director
Role and responsibilities
Mr Kua Ghim Siong is responsible for corporate strategic direction and general management of the Group, and concurrently oversees the purchasing functions.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Kua Ghim Siong is cousin of Mr Kua Peng Chuan and nephew of Mr Kua Chee Hong.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
None
Present
SG Metals Pte. Ltd.
2GS Investment Pte Ltd
SG Specialty Metals Pte. Ltd.
SG Metals (Suzhou) Ltd
First Break SG Metals 2015 Limited
Nishiki Pte Ltd