Change - Announcement of Cessation::Resignation of Independent Director - Mr Khoo Ho Tong

Issuer & Securities

Issuer/ Manager
SINGAPORE INSTITUTE OF ADVANCED MEDICINE HOLDINGS LTD.
Securities
SINGAPORE INST OF ADV MED LTD. - SGXE79544776 - 9G2
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-May-2024 17:22:00
Status
New
Announcement Sub Title
Resignation of Independent Director - Mr Khoo Ho Tong
Announcement Reference
SG240524OTHR8RCR
Submitted By (Co./ Ind. Name)
Dr Djeng Shih Kien
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director - Mr Khoo Ho Tong

Singapore Institute of Advanced Medicine Holdings Ltd. (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited ("SGX-ST") on 16 February 2024. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor").

This announcement has not been examined or approved by the SGX-ST. The SGX-ST assumes no responsibility for the contents of this document, 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. Ng Shi Qing, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Khoo Ho Tong
Age
83
Is effective date of cessation known?
Yes
If yes, please provide the date
17/08/2024
Detailed Reason (s) for cessation
The Board acknowledged Mr Khoo Ho Tong ("Mr Khoo")'s resignation as an Independent Director of the Company with effect from 17 August 2024 due to health reasons and personal commitments.

Following Mr Khoo's resignation, he will also relinquish his position as Chairman of the Audit Committee, Member of the Nominating Committee, and Member of the Remuneration Committee. As a result, save for the Remuneration Committee, the number of members in each of the Audit Committee and Nominating Committee will fall below the required minimum number of 3 members following Mr Khoo's cessation. The Company is currently reviewing the composition of the Board Committees and will update the shareholders in due course. The Company will endeavour to fill the vacancy within 2 months, but in any case, no later than 3 months after the effective date of Mr Khoo's cessation.

After having interviewed Mr Khoo and to the best of its knowledge, the Sponsor is satisfied that, save as disclosed in this announcement of cessation, there are no other material reasons for the resignation of Mr Khoo as an Independent Director of the Company.
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
26/06/2023
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)
3
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.)
1. Independent Director
2. Audit Committee Chairman
3. Nominating Committee Member
4. Remuneration Committee Member
Role and responsibilities
Non-Executive
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)
1. Nam Lee pressed Metal Industries Limited
2. Singapore Chartered Tax Professionals Limited
Present
Abundante Limited