Change - Announcement of Cessation::Cessation of Non-Executive and Independent Director

Issuer & Securities

Issuer/ Manager
V2Y CORPORATION LTD.
Securities
V2Y CORPORATION LTD. - SGXE31442804 - V2Y
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
06-Mar-2025 18:25:34
Status
New
Announcement Sub Title
Cessation of Non-Executive and Independent Director
Announcement Reference
SG250306OTHRJ4YI
Submitted By (Co./ Ind. Name)
Ang Wei Yang Felix
Designation
Executive Director and 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, Evolve Capital Advisory Private Limited (the "Sponsor").
It has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 at 160 Robinson Road, #20-01/02 SBF Center, Singapore 068914, telephone (65) 6241 6626.

Additional Details

Name Of Person
Eugene Goh Chee Liang
Age
40
Is effective date of cessation known?
Yes
If yes, please provide the date
05/03/2025
Detailed Reason (s) for cessation
Mr Eugene Goh Chee Liang ("Mr Goh") has tendered his resignation as a Non-Executive and Independent Director to focus on his existing principal commitments.
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?
Yes
If Yes, Please provide full details
The cessation of Mr Goh as Independent Director will result in the Audit Committee comprising fewer than three members. The Company is cognisant of its obligations under Rule 704(7) of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist ("Catalist Rules") and will endeavour to address this vacancy within two months and in any event, no later than three months.
Date of Appointment to current position
12/08/2024
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
2
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.)
Non-Executive and Independent Director, Chairman of the Audit Committee and Member of both the Remuneration Committee and Nominating Committee.
Role and responsibilities
Non-Executive
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. Ojas Venture Partners Pte. Ltd.

2. Ojas Venture Fund Pte. Ltd.

3. Mane Capital Pte. Ltd.

4. Maleo Holdings Pte. Ltd.

5. Quesra Holdings Pte. Ltd.

6. Cyrius Holdings Pte. Ltd.

7. Crimson Node Holdings Pte. Ltd.

8. Sparkleberry Pte. Ltd.

9. Echelon Holdings Pte. Ltd.

10. Peepal Holdings Pte. Ltd.

11. Fortingail Pte. Ltd.

12. Arrakis Sciences Pte. Ltd.

13. Event Horizon Technologies Pte. Ltd.

14. Herringbone Holdings Pte. Ltd.

15. Hemlock Holdings Pte. Ltd.

16. Tartan Holdings Pte. Ltd.

17. MNC Property Company Pte. Ltd.

18. Agarwood Pte. Ltd.

19. Khejri Pte. Ltd.

20. Ninox Pte. Ltd.

21. Picidae Pte. Ltd.

22. V2Y Corporation Ltd.
Present
Nil