Change - Announcement of Cessation::Resignation of Non-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
01-Sep-2021 18:46:21
Status
New
Announcement Sub Title
Resignation of Non-Independent and Non-Executive Director
Announcement Reference
SG210901OTHRY1MG
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 Non-Independent and Non-Executive Director.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor" ), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

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 correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Bao Qing, Registered Professional, RHT Capital Pte. Ltd. at 6 Raffles Quay, #24-02, Singapore 048580, sponsor@rhtgoc.com

Additional Details

Name Of Person
Wee Meng Seng Aloysius
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
01/09/2021
Detailed Reason (s) for cessation
Resignation by Director who has served on the Board for an aggregate period of more than 9 years. Based on its enquiries, the Company's sponsor, RHT Capital Pte. Ltd., is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Wee Meng Seng Aloysius as a Non-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
28/08/2009
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent and Non-Executive Director, Member of each of the AC, NC and RC
Role and responsibilities
Non-Independent and Non-Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Oriental Group Limited
Present
Director:
Aquinas Law Alliance LLP
Aquinas Holdings Pte Ltd
ALA Corporate Services Pte Ltd
ALA Consulting Pte Ltd
ALA Advisors Pte Ltd
Integra Solutions Pte Ltd

Independent Director:
JES International Holdings Limited
AGV Group Limited
Nominee director of private companies of which ALA Corporate Services Pte Ltd
provide corporate secretarial services to