Change - Announcement of Cessation::Resignation of Independent and Non-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
14-Feb-2026 00:43:53
Status
New
Announcement Sub Title
Resignation of Independent and Non-Executive Director
Announcement Reference
SG260214OTHREAA0
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 Independent and Non-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
Soh Gim Teik
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date.
13/02/2026
Detailed reason(s) for cessation
Resignation following the mandatory general offer and change of controlling shareholder of the Company.

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 Soh Gim Teik as an Independent and Non-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
01/09/2021
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of Nominating Committee, and Members of the Audit Committee and Remuneration Committee
Role and responsibilities
Independent and Non-Executive Director
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
1
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)
- BBR Holdings (S) Ltd
- KS Energy Limited
- Singapore Science Centre
- EDBI Pte Ltd
- National Healthcare Group Pte Ltd
- NHG Central Health Board Committee
- Singapore Institute of Directors
- Synapxe Pte Ltd
Present
- Wilmar International Limited
- Noontalk Media Limited
- The Farrer Park Company Pte Ltd
- Farrer Park Hospital Pte Ltd
- Rafflesian Community Fund Limited
- National Healthcare Group Fund
- Agency for Science, Technology and Research (A*Star)
- Consortium For Clinical Research and Innovation Singapore Pte Ltd
- Shanling Investments Pte Ltd
- Old Rafflessians Association
- Finix Corporate Advisory LLP