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

Issuer & Securities

Issuer/ Manager
PSC CORPORATION LTD.
Securities
PSC CORPORATION LTD. - SG1V81937806 - DM0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Sep-2022 21:13:56
Status
New
Announcement Sub Title
Resignation of Chief Executive Officer
Announcement Reference
SG220923OTHR7X75
Submitted By (Co./ Ind. Name)
Siau Kuei Lian
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Chu Heng Hwee as Chief Executive Officer

Additional Details

Name Of Person
Chu Heng Hwee
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
18/12/2022
Detailed Reason (s) for cessation
To pursue other career opportunities
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
10/05/2021
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)
4
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
Primary responsibilities include making major corporate decisions, managing the overall operations and resources, acting as the main point of communication between the board of directors and operations as well as fronting the Company in terms of investor relations and corporate communications. The CEO is required to plan and implement strategic direction of the Company and its unlisted subsidiaries.
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?
No
Other Directorships
Past (for the last 5 years)
1. Topwin Investment Holding Pte Ltd
2. BreadTalk Pte Ltd
3. BreadTalk Group Pte. Ltd.
4. BreadTalk International Pte. Ltd.
5. Food Republic Pte. Ltd.
6. Star Food Pte. Ltd.
7. Together INC Pte. Ltd.
8. Ramen Play Pte. Ltd.
9. Taster Food International Pte. Ltd.
10. BTG Vault Pte. Ltd.
11. BTG-Song Fa Venture Pte. Ltd.
12. BTG-Shinmei Venture Pte. Ltd.
13. BTG-Pindao Venture Pte. Ltd.
14. BTG-Song Fa-Pindao Venture Pte. Ltd.
15. BTG-WPC Venture Pte. Ltd.
Present
1. 123 Mart Pte. Ltd.
2. C.K.H. Food Trading Pte. Ltd.
3. Fortune Food Manufacturing Pte Ltd
4. Health Solutions Holdings Pte. Ltd.
5. Health Solutions International Pte. Ltd.
6. PSC Group Treasury Pte. Ltd.
7. PSC International Pte Ltd
8. PSC Investment Pte Ltd
9. PSC Resort Pte Ltd
10. Tipex Pte. Ltd.
11. Topseller Development Pte Ltd
12. Topseller Pte Ltd