Change - Announcement of Cessation::RESIGNATION OF INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
USP GROUP LIMITED
Securities
USP GROUP LIMITED - SG1CH0000007 - BRS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Jun-2026 11:53:03
Status
New
Announcement Sub Title
RESIGNATION OF INDEPENDENT DIRECTOR
Announcement Reference
SG260616OTHRI8U1
Submitted By (Co./ Ind. Name)
Tan Wei Cheong
Designation
Joint and Several Judicial Manager
Description (Please provide a detailed description of the event in the box below)
Mr Sim Mong Keang has resigned as Independent Director of the Company.

Additional Details

Name of person
Sim Mong Keang
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date.
15/06/2026
Detailed reason(s) for cessation
Following his acceptance of two additional directorship appointments, Mr Sim has reviewed his existing board commitments and decided to step down from the board of directors of the Company in order to effectively manage his overall directorship responsibilities and devote sufficient time to his various appointments.
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
02/12/2023
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
1. Independent Director
2. Chairman of Audit Committee
3. Member of Nominating Committee
4. Member of Remuneration Committee
Role and responsibilities
1. Independent Director
2. Chairman of Audit Committee
3. Member of Nominating Committee
4. Member of Remuneration Committee
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
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
0
Shareholding interest in the listed issuer and its subsidiaries
No
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No.
Other Directorships
Past (for the last 5 years)
ZACD Group Ltd.
Boldtek Holdings Limited
Trans-Cab Holdings Ltd.
Doxa Holdings International Pte. Ltd.
K2C Capital Pte. Ltd.
Legend Property Private Limited
Oden Technology Pte. Ltd. (struck off)
HomesToLife Ltd
Achieva Tech Allianz Pte. Ltd.
Present
Listed Entities:

Global Invacom Group Limited
Serial Achieva Limited
Meta Health Limited

Non-Listed Entities:

I2 Capital Pte. Ltd.
Maximus Fortune Pte. Ltd.
CESK Capital Pte. Ltd.
FSK Advisory Pte. Ltd.
Chao Dao Ventures Pte. Ltd.
Achieva Technology Sdn Bhd
Achieva Digital (Thailand) Company Limited
Achieva Digital Pte. Ltd.
Achieva Cloud Services Pte. Ltd.