Change - Announcement of Cessation::Resignation of Datuk Wira Boo Kuang Loon as Executive Director and Chief Executive Officer

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
01-Mar-2024 17:59:27
Status
New
Announcement Sub Title
Resignation of Datuk Wira Boo Kuang Loon as Executive Director and Chief Executive Officer
Announcement Reference
SG240301OTHRCH4G
Submitted By (Co./ Ind. Name)
Anthony Ang Meng Huat
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Datuk Wira Boo Kuang Loon as Executive Director and Chief Executive Officer of the Company.

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, #18-03B Suntec Tower 1 Singapore 038987, telephone (65) 6950 2188.

Additional Details

Name Of Person
Datuk Wira Boo Kuang Loon
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
01/03/2024
Detailed Reason (s) for cessation
Datuk Wira Boo Kuang Loon ("Datuk Wira Boo") has, on 1 March 2024, resigned as the Executive Director and Chief Executive Officer of the Company with immediate effect to focus on his other business affairs outside of Singapore which will take up a substantive amount of his time.

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 Wira Boo as the Executive Director and Chief Executive Officer 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)?
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
7
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer
Role and responsibilities
Executive, responsible for day-to-day operations and business activities of the Company
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, Datuk Wira Boo Kuang Loon holds 69,012,815 ordinary issued shares of the Company, representing approximately 32.97% in the Company.
Other Directorships
Past (for the last 5 years)
PTS Properties Sdn Bhd
YTB Project Management Services Sdn Bhd
Present
Present:
Yong Tai Berhad and its subsidiaries company as follows:
a) YTB Apple Sdn Bhd
b) YTB Development Sdn Bhd
c) YTB Impression Sdn Bhd
d) YTB Land Sdn Bhd
e) PTS Impression Sdn Bhd
f) Impression Wonders Arts (M) Sdn Bhd
g) Apple 99 Development Sdn Bhd
h) YTB RE Sdn Bhd
i) YTB Healthcare Sdn Bhd
j) YTB Capital Berhad
k) YTB Lifestyle Mall Sdn Bhd
Falcon Pace Sdn Bhd
Sunrise Wealth Management Pte Ltd
Sunrise Industrial (Singapore) Pte Ltd
Sunrise Investment Limited
Hong Kong Sunrise Industrial Development Limited
Hong Kong Sunrise Consultant Limited