Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
SUNRISE SHARES HOLDINGS LTD.
Securities
SUNRISE SHARES HOLDINGS LTD. - SG0581008505 - 581
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Sep-2024 21:58:19
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG240910OTHRG1JR
Submitted By (Co./ Ind. Name)
Datuk Tan Eng Eng
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
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 Ms. Lau Sze Mei, Associate Director, at 7 Temasek Boulevard, #04-02 Suntec Tower 1, Singapore 038987, telephone (65) 6950 2188.

Additional Details

Name Of Person
Datuk Lim Tong Lee
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
10/09/2024
Detailed Reason (s) for cessation
Datuk Lim Tong Lee ("Datuk Lim") has, on 10 September 2024, resigned with immediate effect as an Independent Director of the Company to pursue other business interests and opportunities. Following Datuk Lim's cessation as an Independent Director, he will also cease to be the Chairman of the Nominating and Remuneration Committee, as well as a member of the Audit Committee.

The cessation of Datuk Lim as an Independent Director will render the Audit Committee of the Company to have less than three members. The Company is aware of the requirements under Rule 704(7) of the Catalist Rules, and will endeavour to fill the vacancy within two months, but in any case no later than three months.

Based on its enquiries and to the best of its knowledge, the Company's Sponsor, Novus Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no material reasons for the resignation of Datuk Lim as the Independent 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
04/09/2023
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Nominating Committee and Remuneration Committee and a member of the Audit Committee
Role and responsibilities
Non-Executive Independent Director, Chairman of the Nominating Committee and Remuneration Committee and a member of the Audit Committee
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?
No
Past (for the last 5 years)
LBS Bina Group Berhad
ValueMax Group Limited
Versalink Holdings Limited
SIAB Holdings Berhad
Altitude Capital Pte. Ltd.
Present
JB Foods Limited
Harrisons Holdings (Malaysia) Berhad
Nam Cheong Limited
Altitude Capital (Asia) Sdn Bhd
Melody Boulevard Sdn Bhd
Goldhill Villa Sdn Bhd
Altitude Capital Sdn Bhd