Change - Announcement of Cessation::REDESIGNATION TO CHIEF STRATEGY AND BUSINESS DEVELOPMENT OFFICER

Issuer & Securities

Issuer/ Manager
PACIFIC RADIANCE LTD.
Securities
PACIFIC RADIANCE LTD - SGXE30264951 - RXS
PACIFIC RADIANCE W270919 - SGXN27053838 - IZGW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Jan-2025 17:32:48
Status
New
Announcement Sub Title
REDESIGNATION TO CHIEF STRATEGY AND BUSINESS DEVELOPMENT OFFICER
Announcement Reference
SG250109OTHRIX0J
Submitted By (Co./ Ind. Name)
PANG YOKE MIN
Designation
EXECUTIVE CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
Redesignation to Chief Strategy and Business Development Officer.

Additional Details

Name Of Person
Pang Wei Kuan, James
Age
42
Is effective date of cessation known?
Yes
If yes, please provide the date
09/01/2025
Detailed Reason (s) for cessation
That the Nominating Committee, after due consideration of the strategic focus of the Group and the current duties and responsibilities assumed by Mr. Pang Wei Kuan, James ( "Mr. Pang" ) as Chief Executive Officer, recommends that Mr. Pang Wei Kuan, James, be re-designated as Chief Strategy and Business Development Officer to concentrate on long-term strategy as well as new business opportunities, partnerships and revenue streams for the Group.

The key responsibilities of Mr. Pang include:
1. Identifying new market opportunities and competitive advantages and setting out growth for the Group.
2. Analyzing industry trends and adjusting strategies based on market developments and data.
3. Building relationships with investors, potential clients, partners, and other relevant stakeholders.
4. Leading negotiations for mergers and acquisitions.
5. Expanding market presence through strategic partnerships or alliances.
6. Overseeing the execution of business development initiatives.

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
14/01/2020
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)
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.)
Chief Executive Officer
Role and responsibilities
Duties as Chief Executive Officer
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Yes.

Son of Mr Pang Yoke Min, Executive Chairman and substantial shareholder of the Company.

Brother of Mr Pang Wei Meng, Executive Director of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Owns 45,273,160 ordinary shares in Pacific Radiance Ltd. and 308,738 management warrants
Past (for the last 5 years)
Please see "Annexure A" as per attached
Present
Please see "Annexure A" as per attached

Attachments

Annexure A .pdf
Total size =29K