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

Issuer & Securities

Issuer/ Manager: SIM LEISURE GROUP LTD.
Securities: SIM LEISURE GROUP LTD. - SGXE75616446 - URR
Stapled Security: No

Announcement Details

Announcement Title: Change - Announcement of Cessation
Date &Time of Broadcast: 06-Jan-2024 22:22:42
Status: New
Announcement Sub Title: Resignation of Non-Independent Non-Executive Director
Announcement Reference: SG240106OTHR44QG
Submitted By (Co./ Ind. Name): Dato' Sim Choo Kheng
Designation: Executive Chairman
Description (Please provide a detailed description of the event in the box below): Resignation of Mr. Tan Boon Seng as Non-Independent Non-Executive Director of Sim Leisure Group Ltd. (the "Company").

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange 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. Shervyn Essex, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person: Tan Boon Seng
Age: 42
Is effective date of cessation known?: Yes
If yes, please provide the date: 05/01/2024
Detailed Reason (s) for cessation: Mr. Tan Boon Seng ("Mr. Tan") has informed the Board of Directors that he is resigning as Non-Independent Non-Executive Director of the Company due to increasing personal and private commitments.

Mr. Tan was unavailable for the interview. The Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., will conduct the interview with Mr. Tan in due course, and an updated cessation announcement will be made.
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: 08/06/2020
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): 1
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.): Non-Independent Non-Executive Director
Role and responsibilities: Non-Independent Non-Executive Director
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: As of the date of this announcement, Mr. Tan directly holds 2,000,000 shares of the Company.

Mr. Tan is deemed interested in 43,016,700 shares of the Company held by Desamal Capital Sdn. Bhd..
Past (for the last 5 years): Please refer to the attachment.
Present: Please refer to the attachment.

Attachments

Appendix - List of Directorships.pdf

Total size =32K

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