Change - Announcement of Cessation::Announcement of Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
JEP HOLDINGS LTD.
Securities
JEP HOLDINGS LTD. - SG1EE3000007 - 1J4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Apr-2024 12:16:36
Status
New
Announcement Sub Title
Announcement of Cessation of Independent Director
Announcement Reference
SG240405OTHRA6TW
Submitted By (Co./ Ind. Name)
Andy Luong
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST").

This announcement has not been examined or approved by the SGX-ST and the SGX-ST 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 details of the contact person for the Sponsor are:
Name: Mr. Josh Tan (Registered Professional, RHT Capital Pte. Ltd.)
Address: 36 Robinson Road, #10-06 City House, Singapore 068877
Email: sponsor@rhtgoc.com

Additional Details

Name Of Person
Wong Gang
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
24/04/2024
Detailed Reason (s) for cessation
Mr Wong Gang will retire from the Board after the conclusion of the forthcoming Annual General Meeting on 24 April 2024 and will not seek re-election due to the nine-year tenure limit for independent directors. Upon his retirement, he will cease to be Chairman of the Remuneration Committee, a member of the Audit Committee and a member of the Nominating Committee.

The Board expressed its gratitude and appreciation to Mr Wong Gang for his invaluable contributions during his tenure as Independent Director of the Company. After having interviewed Mr Wong Gang and to the best of its knowledge, the Sponsor, RHT Capital Pte. Ltd. is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Wong Gang as 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
01/11/2006
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
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.)
Lead Independent Director, Chairman of the Remuneration Committee, a member of the Audit Committee and a member of the Nominating Committee.
Role and responsibilities
Lead Independent Director, Chairman of the Remuneration Committee, a member of the Audit Committee and a member of the Nominating Commitee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Renewable Energy Asia Group Ltd.
Tianjin Zhongxin Pharmaceutical Group Corporation Ltd.
Present
Multi Ways Holdings Limited