Change - Announcement of Cessation::Retirement of Independent Non-Executive Director - Limjoco Ross Yu

Issuer & Securities

Issuer/ Manager
SEN YUE HOLDINGS LIMITED
Securities
SEN YUE HOLDINGS LIMITED - SG1M25902545 - 5BS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
17-Jan-2024 07:44:41
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director - Limjoco Ross Yu
Announcement Reference
SG240117OTHRDMB9
Submitted By (Co./ Ind. Name)
Yap Meng Sing
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr. Limjoco Ross Yu ("Mr. Limjoco") as Independent Non-Executive Director of the Company pursuant to Regulation 89 of the Company's Constitution at the conclusion of the Annual General Meeting of the Company, to be held on 30 January 2024 ("AGM").

This announcement has been reviewed by the Company's sponsor, SAC Capital 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 Ms. Tay Sim Yee (Telephone no.: (65) 6232 3210), 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Limjoco Ross Yu
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
30/01/2024
Detailed Reason (s) for cessation
Mr. Limjoco will be retiring as an Independent Non-Executive Director of the Company pursuant to Regulation 89 of the Company's Constitution and will not be seeking for re-election at the AGM.

The Sponsor, after having interviewed Mr. Limjoco and to its best knowledge, is satisfied that, save as disclosed in the announcement, there are no material reasons for the retirement of Mr. Limjoco as Independent Non-Executive Director of the Company.

The Company is aware that Mr. Limjoco's retirement will render the audit committee ("AC") unable to meet the minimum
number (not less than three). The Company is actively identifying a suitable candidate to fill the position and will endeavour to fill the vacancy within two months, but in any case not later than three months.
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
05/08/2022
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Lead Independent Director, Chairman of AC, member of Nominating Committee ("NC") and Remuneration Committee ("RC").
Role and responsibilities
Assumed role and responsibilities as Non-Executive and Lead Independent Director, AC Chairman and member of NC and RC.
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
Past (for the last 5 years)
China Supply Chain Holdings Limited
CFM Holdings Limited
MH Development Ltd

Please refer to Appendix A for the companies in which Mr. Limjoco holds nominee directorships for the past 5 years.
Present
Ouhua Energy Holdings Limited

Please refer to Appendix B for the companies in which Mr. Limjoco holds nominee directorships.

Attachments

Appendix A - Past 5 Years Directorship.pdf
Appendix B - List of Directorship.pdf
Total size =221K