Change - Announcement of Cessation::Cessation of Executive Director
Issuer & Securities
OEL (HOLDINGS) LIMITED
OEL (HOLDINGS) LIMITED - SG0584008601 - 584
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Executive Director
Submitted By (Co./ Ind. Name)
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Director.
This announcement has been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.
This announcement has not been examined 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 details of the contact person for the Sponsor are:
Name: Mr Shervyn Essex (Registered Professional, RHT Capital Pte. Ltd.)
Address: 9 Raffles Place, #29-01 Republic Plaza Tower 1, Singapore 048619
Tel: 6381 6966
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
The Ordinary Resolution 4 of the Company's annual general meeting held on 26 June 2020 ("AGM") on re-election of Ms Wang Jue was not carried. Accordingly, Ms Wang Jue ceased to be a Director of the Company upon the conclusion of the AGM.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
If Yes, Please provide full details
The information contained in this announcement has been reviewed and confirmed to the best knowledge of the Board and there are no further information to be provided to shareholders of the Company at this stage.
The Sponsor has not been able to conduct the exit interview with Ms Wang Jue at the point of release of this announcement due to her unavailability. In the event there are any material information following the interview and confirmation from Ms Wang Jue, the Company shall make the necessary announcements accordingly.
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Role and responsibilities
Executive Director, responsible for mergers and acquisitions.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
13,365,000 Ordinary Shares
Past (for the last 5 years)
1. HS International Pte. Ltd.
2. Top Asia CEO Pte. Ltd.
3. Star Oxford (Toa Payoh) Pte. Ltd.
4. Star Oxford International Education Hub Pte. Ltd.
5. Imperial Onyx Capital Pte. Ltd.
6. Indulgence Loyalty Pte. Ltd.
7. AJJ Health Care Management Pte. Ltd.
8. Alice Health Child Care Pte. Ltd.
9. Discovery Kidz Preschool Pte. Ltd.