Change - Announcement of Cessation::Retirement of Vice Chairman and Executive Director

Issuer & Securities

Issuer/ Manager
SHENG SIONG GROUP LTD.
Securities
SHENG SIONG GROUP LTD - SG2D54973185 - OV8
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Apr-2023 20:28:45
Status
New
Announcement Sub Title
Retirement of Vice Chairman and Executive Director
Announcement Reference
SG230428OTHRL6SW
Submitted By (Co./ Ind. Name)
Lim Hock Chee
Designation
CEO
Description (Please provide a detailed description of the event in the box below)
Retirement of Vice Chairman and Executive Director

Additional Details

Name Of Person
Tan Ling San
Age
84
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2023
Detailed Reason (s) for cessation
Mr. Tan Ling San is subjected to retirement by rotation pursuant to Regulation 89 of the Company's Constitution at the Company's Annual General Meeting ("AGM") held on 28 April 2023 and did not seek for re-election. Accordingly, he retired as the Vice Chairman and Executive Director of the Company at the conclusion of the AGM.

Mr. Tan Ling San will continue to act as the Director of the Company's wholly-owned subsidiaries, Sheng Siong Supermarket Pte Ltd and C M M Marketing Management Pte Ltd and oversees the administration and implementation of the Group's policies and strategies and for evaluating new growth areas for the Group's business.
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
06/10/2016
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)
5
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.)
Vice Chairman and Executive Director
Role and responsibilities
Mr. Tan Ling San is responsible for the administration and implementation of the Group's policies and strategies and for evaluating new growth areas for the Group's business. Mr. Tan Ling San spearheaded the restructuring of the Group and oversees the expansion of the store network.
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)
Nil
Present
Sheng Siong Supermarket Pte Ltd
C M M Marketing Management Pte Ltd