Change - Announcement of Cessation::RETIREMENT OF EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
MSM INTERNATIONAL LIMITED
Securities
MSM INTERNATIONAL LIMITED - SG2B09957087 - 5QR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Jul-2024 18:32:58
Status
New
Announcement Sub Title
RETIREMENT OF EXECUTIVE DIRECTOR
Announcement Reference
SG240710OTHRBU85
Submitted By (Co./ Ind. Name)
Chan Kee Sieng
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Retirement of Executive Director.

This announcement has been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("SGX-ST") and the SGX-ST 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 Mr Lance Tan, Senior Vice President, 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Chan Kit Moi
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date
26/07/2024
Detailed Reason (s) for cessation
Mr Chan Kit Moi will retire and cease to be a Director of the Company at the conclusion of the Company's Annual General Meeting to be held on 26 July 2024 to facilitate Board renewal in line with good governance practice and also to allow more time for him to focus on his other commitments.

Based on its enquiries, the Company's sponsor, UOB Kay Hian Private Limited is satisfied that, save as disclosed in this announcement, there are no other material reasons for the retirement of Mr Chan Kit Moi as a 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
30/10/2009
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)
0
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.)
Executive Director
Role and responsibilities
Executive role. Involved in the corporate planning and business development of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Chan Kit Moi is the younger brother to the Executive Chairman, Mr Chan Kee Sieng and uncle to the Executive Director and CEO, Mr Chan Wen Chau.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct interest of 130,000 ordinary shares of the Company.
Chan Kee Sieng and Chan Kit Moi are shareholders of Triumphant Hope Sdn. Bhd. ("Triumphant Hope") (each
holding 50% of shares in the capital of Triumphant Hope) and they are deemed to have an interest in the shares of
76,955,933 ordinary shares held by Triumphant Hope.
Past (for the last 5 years)
Nil
Present
- MSM Metal Industries Sdn Bhd

- MSM Equipment Manufacturer Sdn Bhd

- MSM Kitchen Sdn Bhd

- Toyomi Engineering Sdn Bhd

- Triumphant Hope Sdn Bhd

- FIC Kitchen Technology Sdn Bhd

- Chan Strategy Sdn Bhd