Change - Announcement of Cessation::Cessation of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
GS HOLDINGS LIMITED
Securities
GS HOLDINGS LIMITED - SG1CF0000001 - 43A
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Dec-2024 21:23:45
Status
New
Announcement Sub Title
Cessation of Chief Executive Officer
Announcement Reference
SG241203OTHRGQTR
Submitted By (Co./ Ind. Name)
Lim Kee Way Irwin
Designation
Independent and Non-Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Pang Pok ("Mr Pang") as Chief Executive Officer of the Company.

This announcement has been prepared by GS Holdings Limited (the "Company") and its contents have been reviewed by the Company's sponsor, Evolve Capital Advisory Private Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

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 accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Jerry Chua, at 160 Robinson Road, #20-01/02, SBF Center, Singapore 068914, Telephone (65) 6241 6626.

Additional Details

Name Of Person
Pang Pok
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
21/12/2024
Detailed Reason (s) for cessation
Retirement.

The Company would like to express its gratitude and appreciation for Mr Pang's valuable contributions to the Company during his tenure as the Chief Executive Officer of the Company.

The Company's Sponsor, after having interviewed Mr Pang, is satisfied that, save as disclosed in the announcement, there are no other material reasons for his cessation.
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
17/12/2015
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
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer
Role and responsibilities
Responsible for the Group's overall management, including overseeing the operations, setting directions for new growth areas and developing business strategies
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Ms Ang Siew Kiock is the director of Hao Kou Wei Pte. Ltd., a subsidiary of the Company, and a substantial shareholder of the Company. Ms Ang Siew Kiock is Mr Pang's wife.

Ms Pang Yiling Eliss is the Director of Operations of the Company, Ms Pang Yiling Eliss is Mr Pang's daughter.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
GS Holding Limited
Direct Interest - 43,439,115
Deemed Interest - 171,526,667
Other Directorships
Past (for the last 5 years)
Nil
Present
Within the Group
1. Hao Kou Wei Food Group Pte. Ltd.
2. Hao Kou Wei Pte. Ltd.
3. Hawkerway Pte. Ltd.
4. Raffles Brands Pte. Ltd.
5. Raffles Coffee Pte. Ltd.
6. Wish Hospitality Holdings Private Limited
7. Wish Health Management (Shanghai) Co. Ltd.
8. Sing Swee Kee Pte. Ltd.
9. Sing Global Brands Pte. Ltd.
10. PMAS International Pte. Ltd.
11. GS Innovative Food Pte. Ltd.
12. PMAS International Trading (Hainan) Co., Ltd