Change - Announcement of Cessation::Cessation of Executive Director

Issuer & Securities

Issuer/ Manager
9R LIMITED
Securities
9R LIMITED - SGXE45420721 - 1Y1
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Aug-2024 19:57:53
Status
New
Announcement Sub Title
Cessation of Executive Director
Announcement Reference
SG240805OTHR31IF
Submitted By (Co./ Ind. Name)
Lai Kuan Loong, Victor
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Ong Swee Sin as Executive Director of 9R Limited

This announcement has been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (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 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 Mr Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957 telephone (65) 6590 6881.

Additional Details

Name Of Person
Ong Swee Sin
Age
40
Is effective date of cessation known?
Yes
If yes, please provide the date
19/08/2024
Detailed Reason (s) for cessation
Mr Ong Swee Sin has tendered his resignation as an Executive Director of the Company to pursue other career opportunities.

Based on its enquiries, the Company's sponsor, UOB Kay Hian Private Limited, is satisfied that, save as disclosed in the announcement, there are no other material reasons for the cessation of Mr Ong as Executive 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
06/01/2022
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Mr Ong Swee Sin is responsible for overseeing the corporate and strategic affairs of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Ong Swee Sin holds 100% of the shares in SSCM Sdn. Bhd. ("SSCM") and is deemed to be interested in SSCM's direct interest of 20,419,958 shares and 8,167,982 warrants in 9R Limited.
Past (for the last 5 years)
Obviously Blue Sdn. Bhd.
Incredible Spark Sdn. Bhd.
Power Nutriboost Sdn. Bhd.
Dominant Resowave Sdn. Bhd.
Tinnolab Sdn. Bhd.
9R Management Sdn. Bhd.
Diverse Supply Chain Sdn. Bhd.
9R Leisure Sdn. Bhd.
GR9 Jewel Sdn. Bhd.
Compact Sensation Sdn. Bhd.
9R Canary Sdn. Bhd.
Lavish Pearl Sdn. Bhd.
Booming Gain Sdn. Bhd.
Redbox(1st Avenue) Sdn. Bhd.
Sunlight Ventures Sdn. Bhd.
Lovely Pyramid Sdn. Bhd.
Majestic Glory Sdn. Bhd.
Cheer Bonanza Sdn. Bhd.
Present
Diverse Supply Chain (SG) Pte. Ltd.
Viking Asset Management Pte. Ltd.
SSCM Sdn. Bhd.
Moments View Enterprise