Change - Announcement of Cessation::Retirement of Non-Executive Chairman and Independent Director

Issuer & Securities

Issuer/ Manager
SANTAK HOLDINGS LIMITED
Securities
SANTAK HOLDINGS LIMITED - SG1J68891147 - 580
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Oct-2024 18:11:39
Status
New
Announcement Sub Title
Retirement of Non-Executive Chairman and Independent Director
Announcement Reference
SG241009OTHRP1TK
Submitted By (Co./ Ind. Name)
Ng Huei Yee
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Non-Executive Chairman and Independent Director, Chairman of Audit Committee, Remuneration Committee and Sustainability Committee, and a member of Nominating Committee.

This announcement has been reviewed by the Company's Sponsor, Asian Corporate Advisors 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 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 Ms Foo Quee Yin, at 160 Robinson Road #21-05, SBF Center, Singapore 068914, Telephone number: 6221 0271.

Additional Details

Name Of Person
Lee Keen Whye
Age
72
Is effective date of cessation known?
Yes
If yes, please provide the date
30/10/2024
Detailed Reason (s) for cessation
Mr Lee Keen Whye ("Mr Lee") has been serving in the Board of Directors ("Board") since March 2001. He has expressed his intention to retire as the Non-Executive Chairman and Independent Director, Chairman of Audit Committee, Remuneration Committee and Sustainability Committee, and a member of Nominating Committee upon conclusion of the annual general meeting of the Company to be held on 30 October 2024 in view of the nine-year term limit in accordance with Rule 406(3)(d)(iv) of the Listing Manual Section B : Rules of Catalist of the Singapore Exchange Securities Trading Limited and to pave way for Board's renewal and to devote more time to his other commitments.

After having interviewed Mr Lee and to the best of its knowledge, the Company's Sponsor, Asian Corporate Advisors Pte. Ltd., is satisfied that save as disclosed in the announcement, there are no other material reasons for the retirement of Mr Lee as the Non-Executive Chairman and Independent 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
12/03/2001
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Chairman and Independent Director, Chairman of Audit, Remuneration and Sustainability Committees, and a member of Nominating Committee.
Role and responsibilities
Duties as the Non-Executive Chairman and Independent Director, Chairman of Audit Committee, Remuneration Committee and Sustainability Committee, and a member of Nominating Committee.
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?
Yes
Shareholding Details
200,000 shares in Santak Holdings Limited
Past (for the last 5 years)
1) Ntegrator Holdings Limited
2) Strategic Alliance Ventures Ltd.
3) SIMF Management Pte. Ltd.
4) Film Finances Singapore Pte. Ltd.
Present
1) Sumner Group Health Limited
2) Kosmos Investment Limited
3) Strategic Alliance Capital Pte. Ltd.
4) Harvest Information Pte. Ltd.
5) Marketing Science Pte. Ltd.
6) Santak Metal Manufacturing Pte. Ltd.
7) Strategic Alliance Partners Pte. Ltd.
8) Universal Awards Pte. Ltd.
9) Asia Pacific Award Sdn. Bhd.