Change - Announcement of Cessation::Resignation of Executive Director

Issuer & Securities

Issuer/ Manager
GP INDUSTRIES LIMITED
Securities
GP INDUSTRIES LIMITED - SG1C12012995 - G20
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Feb-2025 18:01:26
Status
New
Announcement Sub Title
Resignation of Executive Director
Announcement Reference
SG250221OTHR2V85
Submitted By (Co./ Ind. Name)
Wong Yoen Har
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Ms Grace Lo Kit Yee as Executive Director of the Company

Additional Details

Name Of Person
Grace Lo Kit Yee
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
28/02/2025
Detailed Reason (s) for cessation
Ms Grace Lo Kit Yee has tendered her resignation as Executive Director of the Company with effective from 28 February 2025 to focus exclusively to the KEF Audio Group. Ms Grace Lo Kit Yee will continue to be the President of KEF Audio Group after her resignation 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
01/07/2021
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Ms Grace Lo Kit Yee is President of KEF Audio Group under GP Acoustics International Limited.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Ms Grace Lo Kit Yee is the daughter of Mr Victor Lo Chung Wing, Chairman of the Board of Directors and Chief Executive Officer of the Company and a deemed substantial shareholder of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
None.
Present
None.