Change - Announcement of Cessation::Resignation of Executive Director

Issuer & Securities

Issuer/ Manager
GCCP RESOURCES LIMITED
Securities
GCCP RESOURCES LIMITED - KYG377411080 - 41T
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-Mar-2023 17:32:19
Status
New
Announcement Sub Title
Resignation of Executive Director
Announcement Reference
SG230307OTHR8183
Submitted By (Co./ Ind. Name)
Eunice Hooi
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Loh Heng Kwai as an Executive Director of the Company with effect from 7 March 2023 and he will subsequently remain as the Director of Operations for Gridland and Marble Quarries.

This announcement has been reviewed by the Company's sponsor, Evolve Capital Advisory Private Limited ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST").

This announcement has not been examined 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 details of the contact person for the Sponsor are -

Name: Mr Jerry Chua (Registered Professional, Evolve Capital Advisory Private Limited)
Address: 138 Robinson Road, Oxley Tower, #13-02, Singapore 068906
Tel: (65) 6241 6626

Additional Details

Name Of Person
Loh Heng Kwai
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
07/03/2023
Detailed Reason (s) for cessation
Mr Loh Heng Kwai will be stepping down from the Board as an Executive Director effective 7 March 2023 and he will subsequently remain as the Director of Operations for Gridland and Marble Quarries. The Sponsor after having interviewed Mr Loh Heng Kwai, is satisfied that, save as disclosed in the announcement, there are no other material reasons for the resignation of Mr Loh Heng Kwai as 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
01/11/2021
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Mr Loh Heng Kwai is responsible for formulating and planning the Group's quarrying and crushing operations at both Gridland and Marble Quarries. He oversees the administration and strategic plans of the Group. He also has to ensure compliances to all statutory and legislative requirements of operation the quarries.
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?
Yes
Shareholding Details
Mr Loh Heng Kwai holds 7,410,162 shares in the share capital of the Company.
Past (for the last 5 years)
Nil
Present
Nil