Change - Announcement of Cessation::Resignation of Non-Executive, Non-Independent Director

Issuer & Securities

Issuer/ Manager
SINGAPORE POST LIMITED
Securities
SINGAPORE POST LIMITED - SG1N89910219 - S08
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Jan-2025 17:30:34
Status
New
Announcement Sub Title
Resignation of Non-Executive, Non-Independent Director
Announcement Reference
SG250113OTHRCD0B
Submitted By (Co./ Ind. Name)
Jonathan Ooi Wei Hsin (Mr)
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Executive, Non-Independent Director

Additional Details

Name Of Person
Phang Heng Wee, Vincent
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
12/01/2025
Detailed Reason (s) for cessation
Mr Phang Heng Wee, Vincent resigned as a Director of the Company with effect from 12 January 2025.

Mr Phang ceased to be the Group Chief Executive Officer of the Company on 21 December 2024. Please refer to the announcements released by the Company on 22 December 2024 and 29 December 2024 for information on the events leading up to the cessation of Mr Phang as the Group Chief Executive Officer 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?
Yes
If Yes, Please provide full details
Please refer to the announcements released by the Company on 22 December 2024 and 29 December 2024 for information on the events leading up to the cessation of Mr Phang as the Group Chief Executive Officer of the Company.

As previously announced by the Company, Mr Phang has stated that he categorically refutes the allegations made against him in the disciplinary proceedings leading up to his termination of employment and has, through his solicitors, indicated that he will vigorously contest the termination of his employment, both on merits and on the grounds of procedural unfairness.
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Yes
If Yes, Please provide full details
Please refer to the announcements released by the Company on 22 December 2024 and 29 December 2024 for information on the events leading up to the cessation of Mr Phang as the Group Chief Executive Officer of the Company.

This cessation announcement relates to Mr Phang's cessation as a Non-Executive, Non-Independent Director. The cessation announcement relating to Mr Phang's role as the Group Chief Executive Officer of the Company was released on 22 December 2024.
Any other relevant information to be provided to shareholders of the listed issuer?
Yes
If Yes, Please provide full details
Please refer to the announcements released by the Company on 22 December 2024 and 29 December 2024 for information on the events leading up to the cessation of Mr Phang as the Group Chief Executive Officer of the Company.
Date of Appointment to current position
01/09/2021
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)
6
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.)
Non-Executive, Non-Independent Director
Role and responsibilities
As above.
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)
Please refer to the Appendix A.
Present
Please refer to the Appendix A

Attachments

Appendix_A_VP.pdf
Total size =34K