Change - Announcement of Cessation::Resignation of Managing Director of Tenderfresh Group

Issuer & Securities

Issuer/ Manager
KIMLY LIMITED
Securities
KIMLY LIMITED - SG1DF1000008 - 1D0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Sep-2024 18:17:40
Status
New
Announcement Sub Title
Resignation of Managing Director of Tenderfresh Group
Announcement Reference
SG240924OTHR9DHI
Submitted By (Co./ Ind. Name)
Hoon Chi Tern
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr. Chua Yong Chuan Kelvin, the Managing Director of Tenderfresh Group, an Executive Officer (as defined in Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited) of the Company.

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms. Ng Shi Qing, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Chua Yong Chuan Kelvin
Age
42
Is effective date of cessation known?
Yes
If yes, please provide the date
01/03/2025
Detailed Reason (s) for cessation
Mr. Chua Yong Chuan Kelvin ("Mr. Chua") has resigned to pursue other personal and career interests.

Mr. Chua's roles and responsibilities will be taken over by the Group General Manager, whom will be promoted to Interim Managing Director of Tenderfresh Group Pte Ltd and its subsidiaries ("Tenderfresh Group"). Mr. Chua is currently serving his notice period of 5 months and will continue to work with the Company through the transition period till 28 February 2025 to ensure a smooth handover of his duties.

After having interviewed Mr. Chua and to the best of its knowledge, the Company's Sponsor PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Chua as an Executive Officer of the Company.

The Board of Directors thanks Mr. Chua for his contributions during his term of service as the Managing Director of Tenderfresh Group of the Company and wishes him success in his future endeavours.
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
11/11/2021
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.)
Managing Director of Tenderfresh Group
Role and responsibilities
Mr. Chua is responsible for the overall management and oversight of the operations and resources of the Tenderfresh Group.
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?
Yes
Shareholding Details
Mr. Chua holds 291,168 ordinary shares in the capital of the Company.
Past (for the last 5 years)
One 2 Six F&B Pte. Ltd.
Caterfresh Pte. Ltd.
Good Chance Restaurant Pte. Ltd.
Play Kitchen Private Limited
Good Chance Pte. Ltd.
Emerald Event Catering Pte. Ltd.
Detian (Mega 68) Pte. Ltd.
246 JK Pte. Ltd.
Food Dialogue LLP
Present
Tenderfresh Group Pte. Ltd.