Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION OF MANUFACTURING DIRECTOR

Issuer & Securities

Issuer/ Manager
KODA LTD
Securities
KODA LTD - SG1CB1000009 - BJZ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Aug-2022 17:34:44
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF MANUFACTURING DIRECTOR
Announcement Reference
SG220829OTHRNUEG
Submitted By (Co./ Ind. Name)
James Koh Jyh Gang
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
ANNOUNCEMENT OF CESSATION OF MANUFACTURING DIRECTOR

Additional Details

Name Of Person
Wong Se Sun
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
30/09/2022
Detailed Reason (s) for cessation
Wong intends to pursue other business opportunities with his family in a non-furniture related industry. Upon his resignation, Wong will cease to be an Executive Officer of the Company. Wong will remain as a Project Consultant for the Group's operations in Malaysia and Vietnam.
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
23/05/2014
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)
4
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.)
Manufacturing Director
Role and responsibilities
Wong oversees various key operational functions including purchasing, inventory management, factory capacity planning, labour deployment, manufacturing processes, quality control and logistics planning. His existing roles and responsibilities will be taken over by (i) Assistant General Manager (Malaysia Operations) and (ii) Operation Manager (Vietnam Operations).

Both Assistant General Manager (Malaysia Operations) and Operation Manager (Vietnam Operations) will report to James Koh, the Chief Executive Officer of the Company. These managers are not the Executive Officer of the Group as at the date of this announcement.

Wong will remain as a Project Consultant for Malaysia and Vietnam Operations of the Group.
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
1,208,546
Past (for the last 5 years)
Rimba Raya Manufacturing Sdn Bhd
Present
Koda Woodcraft Sdn Bhd