Change - Announcement of Cessation::Cessation of Executive Director and Chief Executive Officer

Issuer & Securities

Issuer/ Manager
JADASON ENTERPRISES LTD
Securities
JADASON ENTERPRISES LTD - SG1I79884330 - J03
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Jun-2026 17:15:16
Status
New
Announcement Sub Title
Cessation of Executive Director and Chief Executive Officer
Announcement Reference
SG260612OTHR2IUM
Submitted By (Co./ Ind. Name)
Eve Khor Ley Cheng
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Fung Chi Wai as the Executive Director and Chief Executive Officer of the Company upon completion of his service agreement.

Additional Details

Name of person
Fung Chi Wai
Age
68
Is effective date of cessation known?
Yes
If yes, please provide the date.
26/06/2026
Detailed reason(s) for cessation
After 43 years of service with the Group, Mr Fung has decided to retire when his service agreement as the Executive Director and Chief Executive Officer of the Company expires on 26 June 2026. The Board respects Mr Fung's decision and would like to express its appreciation to Mr Fung for his invaluable contribution to Group 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
01/06/2000
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer
Role and responsibilities
Responsible for setting business directions, strategies and operational aspects of the Group's activities.
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)
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
0
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding details
Direct interest: 32,700,000
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)
Nil
Present
Jadason Enterprises Ltd