Change - Announcement of Cessation::Cessation of CEO

Issuer & Securities

Issuer/ Manager
NEW SILKROUTES GROUP LIMITED
Securities
NEW SILKROUTES GROUP LIMITED - SG1CE0000004 - BMT
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Aug-2022 16:40:11
Status
New
Announcement Sub Title
Cessation of CEO
Announcement Reference
SG220810OTHRHF9H
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Dr VicPearly Wong Hwei Pink as Chief Executive Officer.

Additional Details

Name Of Person
Dr VicPearly Wong Hwei Pink
Age
46
Is effective date of cessation known?
Yes
If yes, please provide the date
10/08/2022
Detailed Reason (s) for cessation
Dr Wong has been appointed as Chief Executive Officer of the Group since 1 October 2020 under a service agreement. Under her watch, the Company has exited its loss-making legacy energy businesses, whose assets and liabilities are now deconsolidated from the Group. The Group has undertaken a painstaking 18 months of restructuring and brought in a new investor and CEO, who will now lead the Company into a next level of success.
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
01/10/2020
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer
Role and responsibilities
Executive; responsible for the overall management and operations of the Group, facilitating and managing the growth of the Company
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
CEO of the Company;

Shareholder of the Company;

Shareholder and Director of Orange Orthodontics and Dentofacial Orthopaedics Pte Ltd, Wren Dental and Medical Supplies Pte. Ltd.

Director of a number of other subsidiaries of the Company as listed below; and

Daughter of Mr William Wong Yoon Foh, a director of Wren Dental and Medical Supplies Pte Ltd
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
1,521,591 (deemed)
Past (for the last 5 years)
Director, Greedygums Pte. Ltd.

Director, International Energy Group Pte. Ltd.
Present
Director, Orange Orthodontics and Dentofacial Orthopaedics Pte. Ltd.

Director, Wren Dental and Medical Supplies Pte. Ltd. and

Director, New Silkroutes Capital Pte. Ltd.

Director, Silk Systems Pte. Ltd.

Director, Healthsciences International Pte. Ltd.

Director, HSI Dental Pte. Ltd.

Director, Crescent Dental Clinic Pte. Ltd.

Director, Dentaltrendz JP Pte. Ltd.

Director, Trendz Dental Surgeons Pte. Ltd.

Director, L'ving Vine Dental Clinic Pte. Ltd.

Director, Dover Dental Surgery Pte. Ltd.

Director, Dentaltrendz Pte. Ltd.

Director, 84 Inc Pte. Ltd.

Director, The Dental Hub@SG Pte. Ltd.

Director, NDC Consulting Pte. Ltd.

Director, HSI Medical Pte. Ltd.

Director, HSI Asia Pte. Ltd.

Director, HSI Cardiology Pte. Ltd.

Director, HSI Specialists Pte. Ltd.

Director, HL Clinic Pte Ltd

Director, HL Family Clinic & Surgery (Bedok) Pte. Ltd.

Director, HK Family Clinic & Surgery Pte. Ltd.

Director, HL Dermahealth Aesthetic Clinic Pte. Ltd.

Director, Lily Aw Medical Services Pte Ltd

Director, Dr Chua s Family Clinic Pte. Ltd.

Director, Taurean Investments Pte. Ltd.