Change - Announcement of Cessation::Cessation of Lead Independent and Non- Executive Director - Su Jun Ming

Issuer & Securities

Issuer/ Manager
ANNICA HOLDINGS LIMITED
Securities
ANNICA HOLDINGS LIMITED - SG1J70891671 - 5AL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-Jan-2025 22:19:11
Status
New
Announcement Sub Title
Cessation of Lead Independent and Non- Executive Director - Su Jun Ming
Announcement Reference
SG250107OTHRKQT7
Submitted By (Co./ Ind. Name)
Sandra Liz Hon Ai Ling
Designation
Executive Director & CEO
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Su Jun Ming ("Mr Su") as Lead Independent and Non-Executive Director, Chairman of the Audit Committee and a member of the Remuneration Committee and the Nominating Committee of Annica Holdings Limited (the "Company").

This announcement has been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 Goh Mei Xian, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Su Jun Ming
Age
46
Is effective date of cessation known?
Yes
If yes, please provide the date
08/01/2025
Detailed Reason (s) for cessation
Mr Su has been serving as an Independent and Non-Executive Director of the Company for nearly nine years since his initial appointment on 20 January 2016. In view of Rule 406(3)(d)(iv) of the Catalist Rules, which prescribed a nine-year tenure limit for independent directors, and to facilitate Board renewal in the Company, Mr Su has decided to step down as the Lead Independent and Non-Executive Director of the Company.

Upon Mr Su's cessation, he will cease to be the Chairman of the Audit Committee as well as a member of the Nominating Committee and the Remuneration Committee of the Company.

After having interviewed Mr Su and to the best of its knowledge, the Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the resignation of Mr Su as the Lead Independent and Non-Executive 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
20/01/2016
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent and Non-Executive Director, Chairman of the Audit Committee, a member of the Remuneration Committee and the Nominating Committee
Role and responsibilities
Assumes the roles and responsibilities as Lead Independent and Non-Executive Director, Chairman of the Audit Committee and a member of the Remuneration Committee and the Nominating 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?
Yes
Shareholding Details
54,630,992 ordinary shares of the Company pursuant to vesting of share awards granted under the Annica Performance Share Plan
Past (for the last 5 years)
Odeon Cuisines Holdings Pte Ltd
Present
Mary Chia Holdings Limited
Gratus Capital Pte Ltd