Change - Announcement of Cessation::RETIREMENT OF INDEPENDENT AND NON EXECUTIVE CHAIRMAN

Issuer & Securities

Issuer/ Manager
TUNG LOK RESTAURANTS (2000) LTD
Securities
TUNG LOK RESTAURANTS(2000) LTD - SG1J65890803 - 540
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Jul-2026 18:19:00
Status
New
Announcement Sub Title
RETIREMENT OF INDEPENDENT AND NON EXECUTIVE CHAIRMAN
Announcement Reference
SG260715OTHRNM6S
Submitted By (Co./ Ind. Name)
Tjioe Ka Men
Designation
President/Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 Lee Khai Yinn, SAC Capital Private Limited at 1 Robinson Road, #21-01 AIA Tower, Singapore 048542. Telephone number: +65 6232 3210.

Additional Details

Name of person
Dr Foo Say Mui
Age
68
Is effective date of cessation known?
Yes
If yes, please provide the date.
31/07/2026
Detailed reason(s) for cessation
Dr Foo Say Mui ("Dr Foo") will retire as Director of the Company at the conclusion of the forthcoming annual general meeting to be held on 31 July 2026 as part of the board renewal process and in compliance with Rule 406(d)(iv) of the Listing Manual Section B: Rules of the Catalist of the Singapore Trading Exchange Securities. Upon Dr Foo's retirement, he will also relinquish his positions as member of the Audit and Risk Committee ("ARC"), Nominating Committee ("NC") and Remuneration Committee ("RC").

After having interviewed Dr Foo, and to the best of its knowledge, the Sponsor is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the retirement of Dr Foo as the Independent and Non-Executive Chairman 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
01/11/2016
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent and Non-Executive Chairman, a member of ARC, NC and RC.
Role and responsibilities
Independent and Non-Executive Chairman, a member of ARC, NC and RC.
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
0
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
None.
Other Directorships
Past (for the last 5 years)
- Mewah International Inc
- Tower Capital Asia Pte. Ltd.
- M&C REIT Management Limited
- M&C Business Trust Management Limited
- Singapore Institute of Directors
- Investible Funds VCC
Present
- Wee Hur Holdings Ltd.
- Business Circle Singapore Pte. Ltd.
- Kenon Holdings Ltd. (Listed on the New York Stock Exchange)
- Trustee for the Strategic Studies Fund of The International Institute for Strategic Studies
- Board of Trustees of Singapore Institute of Technology (SIT)
- Agrocorp International Pte Ltd