Change - Announcement of Cessation::Resignation of Group Chief Financial Officer

Issuer & Securities

Issuer/ Manager
SHS HOLDINGS LTD.
Securities
SHS HOLDINGS LTD. - SG1G33866144 - 566
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Jul-2026 18:11:03
Status
New
Announcement Sub Title
Resignation of Group Chief Financial Officer
Announcement Reference
SG260709OTHR0XCU
Submitted By (Co./ Ind. Name)
Cheng Lisa
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Group Chief Financial Officer

Additional Details

Name of person
Lou Siew Thong
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date.
24/07/2026
Detailed reason(s) for cessation
To pursue other career opportunities.
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.
Yes. There are differences in opinion between the outgoing CFO and the Board/Audit Committee in relation to the assessment of impairment of certain receivables, which involve significant management judgement and assumptions. These differences may have a material impact on the Group's financial statements.

The outgoing CFO had set out his views and the basis of his assessment in a memorandum to the Board dated 27 April 2026, and had further clarified these matters during the Audit Committee meeting held on 28 April 2026, based on the information available at the time.
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
09/07/2025
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Financial Officer
Role and responsibilities
Responsible for overall financial management, taxation, accounting, treasury, risk management, internal controls and compliance of 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
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)
Nil
Present
Nil