Change - Announcement of Cessation::Resignation of Mr Poh Kai Ren, Daniel as Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
FU YU CORPORATION LIMITED
Securities
FU YU CORPORATION LTD - SG1B56010922 - F13
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Jun-2025 22:19:32
Status
New
Announcement Sub Title
Resignation of Mr Poh Kai Ren, Daniel as Independent Non-Executive Director
Announcement Reference
SG250615OTHR6D4F
Submitted By (Co./ Ind. Name)
Seow Jun Hao David
Designation
Executive Director and Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Poh Kai Ren, Daniel as Independent Non-Executive Director of the Company with effect from 11 June 2025.

Additional Details

Name Of Person
Poh Kai Ren, Daniel
Age
38
Is effective date of cessation known?
Yes
If yes, please provide the date
11/06/2025
Detailed Reason (s) for cessation
Mr Daniel Poh has resigned as Independent Non-Executive Director of the Company with effect from 11 June 2025 as agreed between Mr Poh and the Company, due to differences in opinion on the Company's direction on matters that do not involve the day-to-day business such as the investigations in Fu Yu Supply Chain Solutions Pte Ltd. Mr Poh will also relinquish his position as Chairman of the Audit Committee and Member of the Remuneration and Nominating Committees.

In light of the resignations of Mr Huang, Mr Tan and Mr Poh, details of which are set out in separate announcements released on SGXNet on 15 June 2025, the remaining member of the Board comprises 1 Executive Director. The remaining member of the Board will endeavour to appoint additional members to the Board to comply with Rule 210(5) of the Mainboard Rules no later than three months from the date of this announcement.

The Company would like to express its gratitude and appreciation towards Mr Poh for his valuable contributions to the Company during his tenure.
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
04/10/2021
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director
AC Chairman
RC Member
NC Member
Role and responsibilities
Mr Poh has served as an Independent Non-Executive Director, the Chairman of Audit Committee, a member of the Remuneration Committee and the Nominating Committee.
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)
Other Principal Commitments:
SEAVI Advent Management Pte. Ltd.
HG Metal Manufacturing Limited

Directorships:
Fu Yu Supply Chain Solutions Pte. Ltd.
Fu Yu Ventures Pte. Ltd.
Present
Hildrics Capital Pte. Ltd.
Hongtu Capital Pte. Ltd.
Unidit Pte. Ltd.
Hildrics Asia Growth Fund VCC
Climagreen Asia Pte. Ltd.
HAGF Investment (I) Pte. Ltd.
Hildrics Investment Holding Pte. Ltd.
Novation Solutions Limited
Datapost Pte. Ltd.
DP Digibill Sdn. Bhd.
Future Synthetics Limited
Future Synthetics Pte. Ltd.
AX Technology Limited