Change - Announcement of Cessation::Cessation of Mr Sim Eng Huat as Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
MARY CHIA HOLDINGS LIMITED
Securities
MARY CHIA HOLDINGS LIMITED - SG1Y51946677 - 5OX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Jul-2024 23:58:04
Status
New
Announcement Sub Title
Cessation of Mr Sim Eng Huat as Independent Non-Executive Director
Announcement Reference
SG240712OTHR7VMY
Submitted By (Co./ Ind. Name)
Ho Yow Ping (He YouPing)
Designation
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"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 Mr Jerry Chua (Tel: (65) 6241 6626), at 138 Robinson Road, #13-02 Oxley Tower, Singapore 068906.

Additional Details

Name Of Person
Sim Eng Huat
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date
29/07/2024
Detailed Reason (s) for cessation
Mr Sim will retire as an Independent Non-Executive Director on 29 July 2024 to facilitate the Board's renewal and to pursue personal commitments. Following his retirement, Mr Sim will also step down as Chairman of the Nominating Committee and as a member of the Audit and Remuneration Committees.

The Sponsor, having conducted an exit interview with Mr Sim, is satisfied that, save as disclosed in this announcement, there are no other material reasons for his resignation as an Independent Non-Executive Director.
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
01/02/2019
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of Nominating Committee and a member of the Audit and Remuneration Committees.
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. Lafe Corporation Limited
2. SK Jewellery Group Limited
3. Metech International Limited
Present
1. RS Advisory & Consultancy Pte Ltd
2. SunChest Property Consultancy Pte Ltd
3. Talent Chest Consulting Pte Ltd