Change - Announcement of Cessation::RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
SBS TRANSIT LTD
Securities
SBS TRANSIT LTD - SG1F58858209 - S61
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-May-2025 17:42:34
Status
New
Announcement Sub Title
RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference
SG250526OTHRPG36
Submitted By (Co./ Ind. Name)
Angeline Joyce Lee Siang Pohr
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
SBS Transit Ltd wishes to announce that Mr Desmond Choo Pey Ching will step down as an Independent Non-Executive Director of the Company with effect from 26 May 2025.

The Board expresses its deepest appreciation to Mr Choo for his invaluable contributions to the Company and wishes him success in his future endeavors.

Additional Details

Name Of Person
Desmond Choo Pey Ching
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
26/05/2025
Detailed Reason (s) for cessation
Mr Choo assumed a Cabinet appointment as Minister of State, Ministry of Defence on 23 May 2025.
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
29/04/2021
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)
6
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.)
Independent Non-Executive Director and NRC Member.
Role and responsibilities
Independent Non-Executive Director and NRC Member.
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?
No
Past (for the last 5 years)
(1) SBS Transit Ltd
(2) Surbana Jurong Pte Ltd
(3) Economic Development Board
Present
(1) SBS Transit Ltd
(2) Surbana Jurong Pte Ltd