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

Issuer & Securities

Issuer/ Manager
REVEZ CORPORATION LTD.
Securities
REVEZ CORPORATION LTD. - SGXE83751573 - RCU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Jan-2023 17:39:53
Status
New
Announcement Sub Title
Resignation of Executive Director and Group Chief Operating Officer
Announcement Reference
SG230130OTHR8NJO
Submitted By (Co./ Ind. Name)
Victor Neo
Designation
Executive Director, Chief Executive Officer and Deputy Board Chairman
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr. Lim Kian Sing as Executive Director and Group Chief Operating Officer.

This announcement has been prepared by Revez Corporation Ltd. ("Company") and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited ("Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ( 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 accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Lim Kian Sing
Age
44
Is effective date of cessation known?
Yes
If yes, please provide the date
13/02/2023
Detailed Reason (s) for cessation
Mr Lim Kian Sing decided to step down as Group Chief Operating Officer and cease his directorship with the Company to allow himself to focus his time and energies towards managing the Group's wholly-owned subsidiary, PGK Digital Networks Pte Ltd.

Based on its enquiries, the Company's Sponsor, UOB Kian Hian Private Limited, is satisfied that, saved as disclosed in this announcement, there are no other material reasons for the resignation of Mr. Lim Kian Sing as an Executive Director and Group Chief Operating Officer of REVEZ Corporation Ltd.
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
23/05/2019
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director, Group Chief Operating Officer
Role and responsibilities
He is responsible for the overall management and operations, business growth and development and project management.
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)
I1snapshot Pte. Ltd.
Pringo Pte. Ltd.
Newood Design Pte. Ltd.
AIAC Pte. Ltd.
Revez International Pte. Ltd.
Revez Motion Pte. Ltd.
Present
PGK Digital Networks Pte. Ltd.