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

Issuer & Securities

Issuer/ Manager
MEMIONTEC HOLDINGS LTD.
Securities
MEMIONTEC HLDGS LTD. - SGXE13155820 - TWL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Apr-2025 12:25:53
Status
New
Announcement Sub Title
Announcement of Cessation of Independent Non-Executive Director
Announcement Reference
SG250410OTHRQ3CP
Submitted By (Co./ Ind. Name)
Tay Kiat Seng
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Independent Non-Executive Director

This announcement has been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 contact person for the Sponsor is Ms. Karen Soh, ZICO Capital Pte. Ltd., at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Yap Chee Wee
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2025
Detailed Reason (s) for cessation
Mr Yap Chee Wee ("Mr Yap") is retiring at the forthcoming Annual General Meeting to be held on 25 April 2025 ("AGM") to spend more time on his personal interests.

Mr Yap confirms that there are no concerns or disagreements with the Board or management of the Company over matters involving the Company that led to his retirement.

Following his retirement on 25 April 2025, Mr Yap would contemporaneously relinquish his position as Chairman of the Nominating Committee, as well as a member of the Audit Committee and Remuneration Committee.

After having interviewed Mr Yap and to the best of its knowledge, the Company's Sponsor, ZICO Capital Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the retirement of Mr Yap.
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
01/09/2023
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director
Role and responsibilities
Non-Executive Director, Chairman of the Nominating Committee as well as member of the Audit Committee and Remuneration Committee
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
Other Directorships
Past (for the last 5 years)
1. Apollo EV Pte. Ltd.
Present
1. Fleur Capital (S) Pte. Ltd.
2. Infiniti Real Estate Strategies Fund Limited
3. J3 Gems Pte. Ltd
4. KH Roberts Group Pte. Ltd
5. PT Keith Harris Indonesia
6. KH Roberts (Thailand) Co Ltd
7. Lucro Investments VCC
8. Tara Capital VCC
9. SW Group Capital VCC
10. TINGB VCC
11. Ascendant Prime Capital VCC