Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
COSMOSTEEL HOLDINGS LIMITED
Securities
COSMOSTEEL HOLDINGS LIMITED - SG1V08936188 - B9S
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Sep-2025 22:38:31
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG250923OTHR7V57
Submitted By (Co./ Ind. Name)
Lee Pih Peng
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Loo Cheng Guan from his position as Independent Director of CosmoSteel Holdings Limited ("Company").

Additional Details

Name Of Person
Loo Cheng Guan
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
23/09/2025
Detailed Reason (s) for cessation
Mr Loo Cheng Guan ("Mr Loo") has resigned from his position as Independent Director of the Company with effect from 23 September 2025 in view of the delisting and privatisation of the Company. Mr Loo has been with the Company since 1 December 2022.

Mr Loo has confirmed that save as aforesaid, there are no material reasons for his resignation and there are no concerns with regards to financial reporting of the Group that led to his resignation and there are no disagreements between Mr Loo and the Board of Directors of the Company that will have an impact on the Company's financial reporting.
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
01/12/2022
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)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
9
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director

Chairman of the Remuneration Committee
Role and responsibilities
To perform the functions of an Independent Director and Chairman of the Remuneration Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
1. Independent Director of Mirach Energy Limited
2. Independent Director of Valuetronics Holdings Limited
3. CEO and Executive Director of King Tower Asset Management (S) Pte Ltd
Present
1. Director of Vermillion Gate Pte Ltd
2. Independent Director of China First Capital Group Limited
3. Independent Director of Amalgam Capital Partners Pte Ltd
4. Independent Director of Brash Asia Pte Ltd
5. Independent Director of Castle Reach Asset Management Pte Ltd