Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION OF NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
SECOND CHANCE PROPERTIES LTD
Securities
SECOND CHANCE PROPERTIES LTD - SG1D93474618 - 528
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
20-Dec-2023 17:50:15
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF NON-EXECUTIVE DIRECTOR
Announcement Reference
SG231220OTHRKLB1
Submitted By (Co./ Ind. Name)
MOHAMED SALLEH S/O KADIR MOHIDEEN SAIBU MARICAR
Designation
EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER
Effective Date and Time of the event
20/12/2023 17:45:00
Description (Please provide a detailed description of the event in the box below)
ANNOUNCEMENT OF CESSATION OF NON-EXECUTIVE DIRECTOR

Additional Details

Name Of Person
DEEPAK LAKHI RAMCHANDANI
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
21/12/2023
Detailed Reason (s) for cessation
Mr. Deepak Lakhi Ramchandani is stepping down on 21 December 2023 due to increased work and personal commitments. Mr. Deepak, will upon cessation relinquish his role as Non-Executive Director and Chairman of Investment Committee of the Company. The Board and Management take this opportunity to sincerely thank Mr. Deepak for his invaluable contribution to 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
22/12/2021
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
NON-EXECUTIVE DIRECTOR
Role and responsibilities
NON-EXECUTIVE DIRECTOR AND CHAIRMAN OF INVESTMENT COMMITTEE
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
Nil