Change - Announcement of Cessation::Retirement of Executive Director and Cost Director at Annual General Meeting

Issuer & Securities

Issuer/ Manager
FIGTREE HOLDINGS LIMITED
Securities
FIGTREE HOLDINGS LIMITED - SG2G36998349 - 5F4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-May-2026 07:19:19
Status
New
Announcement Sub Title
Retirement of Executive Director and Cost Director at Annual General Meeting
Announcement Reference
SG260504OTHR0U4Z
Submitted By (Co./ Ind. Name)
Siaw Ken Ket @ Danny Siaw
Designation
Managing Director
Description (Please provide a detailed description of the event in the box below)
Retirement of Executive Director and Cost Director at Annual General Meeting

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (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 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 Foo Jien Jieng, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name of person
Tan Chew Joo
Age
78
Is effective date of cessation known?
Yes
If yes, please provide the date.
30/04/2026
Detailed reason(s) for cessation
Mr Tan Chew Joo was not re-elected by Shareholders at the AGM held on 30 April 2026. Accordingly, Mr Tan Chew Joo ceased to be the Executive Director and Cost Director with effect from the conclusion of the AGM held on 30 April 2026.
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?
Yes
If yes, please elaborate.
There are differences in opinion between the person and certain directors with regards to his concerns that: (i) the adequacies and effectiveness of the internal controls and risk management systems for the design and build construction business operations may not be sufficient, (ii) the transparency and credibility governance of the Group's design and build construction business operations may not be sufficient.
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
05/06/2013
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Cost Director
Role and responsibilities
The roles and responsibilities as an Executive Director and Cost Director for the overall management of costing and budgeting of projects for the Group.
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
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
2
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding details
Direct interest: 35,879,472 shares, representing 9.98%
Deemed Interest: 14,399,675 shares, representing 4.01%
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Kevin Tan, son of Mr Tan Chew Joo, is the Development Manager of the Company and the Director of the Group's subsidiaries, Figtree Real Estate Pty Ltd and Figminna Pty Ltd in Australia.
Other Directorships
Past (for the last 5 years)
Nil
Present
Figtree Holdings Limited
Figtree Developments Pte. Ltd.
Figtree Real Estate Pty. Ltd.
Figminna Pty. Ltd.

Attachments

FHL - Clarification from the Board on announcement entitled Announcement of Cessation dated 4 May 2026.pdf
Total size =245K