Change - Announcement of Cessation::Retirement of Non-Executive Chairman and Independent Director

Issuer & Securities

Issuer/ Manager
SANTAK HOLDINGS LIMITED
Securities
SANTAK HOLDINGS LIMITED - SG1J68891147 - 580
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Oct-2026 18:13:12
Status
New
Announcement Sub Title
Retirement of Non-Executive Chairman and Independent Director
Announcement Reference
SG261028OTHRPB0M
Submitted By (Co./ Ind. Name)
Lai Foon Kuen
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Non-Executive Chairman and Independent Director, Chairman of Audit Committee and Sustainability Committee, a member of Nominating Committee and Remuneration Committee.

This announcement has been reviewed by the Company's Sponsor, Asian Corporate Advisors Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange 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 Foo Quee Yin, at 160 Robinson Road #21-05 SBF Center, Singapore 068914, Telephone number: 6221 0271.

Additional Details

Name of person
Chen Yeow Sin
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date.
28/10/2026
Detailed reason(s) for cessation
Mr Chen Yeow Sin ("Mr Chen") has been serving in the Board of Directors ("Board") since January 2024. He has expressed his intention to retire as the Non-Executive Chairman and Independent Director, Chairman of Audit Committee ("AC") and Sustainability Committee ("SC"), a member of Nominating Committee ("NC") and Remuneration Committee ("RC") upon conclusion of the annual general meeting of the Company held on 28 October 2026.

After having interviewed Mr Chen and to the best of its knowledge, the Company's Sponsor, Asian Corporate Advisors Pte. Ltd., is satisfied that save as disclosed in the announcement, there are no other material reasons for the retirement of Mr Chen as the Non-Executive Chairman and Independent Director of the Company.

The Board expresses its sincere gratitude and appreciation to Mr Chen for his invaluable contributions and dedicated service during his tenure as a Non-Executive Chairman and 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
25/01/2024
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Chairman and Independent Director, Chairman of AC and SC, a member of NC and RC.
Role and responsibilities
Duties as the Non-Executive Chairman and Independent Director, Chairman of AC and SC, a member of NC and RC.
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)
2
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
2
Shareholding interest in the listed issuer and its subsidiaries
No
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Other Directorships
Past (for the last 5 years)
1. Healthway Medical Corporation Limited
2. One Tax Services Pte. Ltd.
3. One Outsource Services Pte. Ltd.
Present
1. One Consulting Group Pte. Ltd.
2. One Financial Advisory Services Pte. Ltd.
3. One E-Risk Services Pte. Ltd.