Change - Announcement of Cessation::Cessation of Executive Deputy Chairman

Issuer & Securities

Issuer/ Manager
SBS TRANSIT LTD
Securities
SBS TRANSIT LTD - SG1F58858209 - S61
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Mar-2021 18:17:06
Status
New
Announcement Sub Title
Cessation of Executive Deputy Chairman
Announcement Reference
SG210301OTHR6WGY
Submitted By (Co./ Ind. Name)
Angeline Joyce Lee Siang Pohr
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Deputy Chairman

Additional Details

Name Of Person
Yang Ban Seng
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
01/03/2021
Detailed Reason (s) for cessation
Mr Yang Ban Seng has been the Executive Deputy Chairman of SBS Transit Ltd since 15 January 2019. He will relinquish his appointment as Executive Director with effect from 1 March 2021, following the appointment of Mr Cheng Siak Kian as Chief Executive Officer on the same date.

Mr Yang Ban Seng will be redesignated as Deputy Chairman and Non-Independent, Non-Executive Director of SBS Transit Ltd. with immediate effect.
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
15/01/2019
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)
8
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.)
Executive Deputy Chairman
Role and responsibilities
Overseas the operations of SBS Transit Ltd.
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. Chongqing Liangjiang ComfortDelGro Driver Training Co., Ltd
2. ComfortDelGro Savico Taxi Company
3. Chengdu Jitong Integrated Vehicle Inspection Co., Ltd

Present
Please see attached.

Attachments