Change - Announcement of Cessation::Cessation of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
SBS TRANSIT LTD
Securities
SBS TRANSIT LTD - SG1F58858209 - S61
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Feb-2020 17:16:36
Status
New
Announcement Sub Title
Cessation of Chief Executive Officer
Announcement Reference
SG200221OTHR3R5K
Submitted By (Co./ Ind. Name)
Yeo Tee Yeok, Edwin
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Executive Officer

Additional Details

Name Of Person
Yang Ban Seng
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
01/03/2020
Detailed Reason (s) for cessation
Mr Yang Ban Seng, currently the Executive Deputy Chairman & Chief Executive Officer of SBS Transit Ltd, will relinquish his appointment as Chief Executive Officer as of 1 March 2020, following the appointment of Mr Cheng Siak Kian as Acting Chief Executive Officer on the same date. Mr Yang will remain as Executive Deputy Chairman of SBS Transit Ltd.
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
15/01/2019
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)
8
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.)
Executive Deputy Chairman and Chief Executive Officer
Role and responsibilities
Oversees the operations of SBS Transit Ltd
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
Past (for the last 5 years)
1. Chongqing Liangjiang ComfortDelGro Driver Training Co., Ltd
2. ComfortDelGro Savico Taxi Company
Present
Please see attached

Attachments

Yang Ban Seng - Directorship as at 21 Feb 2020.pdf
Total size =28K