Change - Announcement of Cessation::RETIREMENT OF INDEPENDENT DIRECTOR - ONG SHEN CHIEH

Issuer & Securities

Issuer/ Manager
EINDEC CORPORATION LIMITED
Securities
EINDEC CORPORATION LIMITED - SG1CE9000005 - 42Z
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Apr-2025 01:48:38
Status
New
Announcement Sub Title
RETIREMENT OF INDEPENDENT DIRECTOR - ONG SHEN CHIEH
Announcement Reference
SG250409OTHRBKFN
Submitted By (Co./ Ind. Name)
ZHANG WEI
Designation
EXECUTIVE CHAIRMAN AND CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor" ).

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 contact person for the Sponsor is Ms. Lim Hui Zheng, ZICO Capital Pte. Ltd., at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Ong Shen Chieh (Wang Shengjie)
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
24/04/2025
Detailed Reason (s) for cessation
Mr. Ong Shen Chieh ("Mr. Ong") has served on the Board of Directors ("Board") of Eindec Corporation Limited (the "Company") for more than nine (9) years, and is due for retirement by rotation at the Company's forthcoming Annual General Meeting to be held on 24 April 2025 ("AGM"). In view of the nine (9)-year tenure limit for Independent Directors prescribed under Rule 406(3)(d)(iv) of the SGX-ST's Listing Manual Section B: Rules of Catalist, Mr. Ong has expressed that he is not seeking re-election at the AGM, to facilitate renewal of the Board. Accordingly, Mr. Ong will retire as an Independent Director of the Company upon the conclusion of the AGM.

Upon the retirement of Mr. Ong, he will cease to be an Independent Director of the Company, and will relinquish his position as Chairman of the Nominating Committee and a member of the Audit Committee and the Remuneration Committee.

After having interviewed Mr. Ong and to the best of its knowledge, the Sponsor is satisfied that save as disclosed in this announcement, there are no other material reasons for the retirement of Mr. Ong.

The Board would like to extend their appreciation to Mr. Ong for his invaluable contribution to the Company during his tenure of service.
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
08/12/2015
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)
1
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.)
Independent Director, Chairman of Nominating Committee and member of the Audit Committee and Remuneration Committee
Role and responsibilities
Assumed the roles and responsibilities of an Independent Director, Chairman of the Nominating Committee and a member of the Audit Committee and the Remuneration Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
Y2Y Corporation Ltd
V2Y Pte. Ltd.
V2Y Insurtech Pte. Ltd.
1Care Global Pte. Ltd.
Sakal Investments Limited
Present
Investing Point VCC
Sen Yue Holdings Limited
Sakal Capital Pte. Ltd. (formerly known as Husk Life Pte. Ltd.)
Attika Group Ltd.