Change - Announcement of Cessation::Resignation of Chief Executive Officer and Executive Director

Issuer & Securities

Issuer/ Manager
OLIVE TREE ESTATES LIMITED
Securities
OLIVE TREE ESTATES LIMITED - SG1EB5000001 - 1H2
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Mar-2026 22:11:29
Status
New
Announcement Sub Title
Resignation of Chief Executive Officer and Executive Director
Announcement Reference
SG260309OTHRTIAO
Submitted By (Co./ Ind. Name)
Daniel Long Chee Tim
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Chief Executive Officer and Executive Director.

This document has been reviewed by the Company's Sponsor, Evolve Capital Advisory Private Limited. It has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document. The contact person for the Sponsor is Mr. Lay Shi Wei (Tel: (65) 6241 6626), at 160 Robinson Road, #20-01/02, SBF Center, Singapore 068914.

Additional Details

Name of person
Daniel Long Chee Tim
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date.
30/04/2026
Detailed reason(s) for cessation
Resignation following the mandatory general offer and change of controlling shareholder of the Company to pursue personal interests.

Based on its enquiries, the Company's sponsor, Evolve Capital Advisory Private Limited, is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Daniel Long Chee Tim as Chief Executive Officer and 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
03/02/2016
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer and Executive Director
Role and responsibilities
To take charge of the day-to-day operations of the Company and to lead in the strategic direction of the Company.
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)
2
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
4
Shareholding interest in the listed issuer and its subsidiaries
No
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Other Directorships
Past (for the last 5 years)
- CT Facilities Management Pte Ltd
- Providence Asset Management Pte Ltd
- Chiu Teng 8 Pte Ltd
- Providence HGF3 Limited
- Healthcare Ventures II Pte Ltd
- Providence Estates (Green Lodge) Pte Ltd
- Providence SOGF Limited
- Providence SOGF2 Limited
Present
- JME Investment Pte Ltd
- WBH Investments Pte Ltd
- Providence eVentures Pte Ltd
- Ayin Estates Pte Ltd
- Providence Capital Management Pte Ltd
- Olive Tree Estates Limited
- B Lab Singapore Ltd
- Providence Estates Pte Ltd
- Agathos Investments Pte Ltd
- CityInd Pte Ltd
- Providence 316 Pte Ltd
- Providence Tannery Pte Ltd