Change - Announcement of Cessation::Cessation of Tan Thiam Hee as Group Chief Executive Officer and Executive Director

Issuer & Securities

Issuer/ Manager
EMERGING TOWNS & CITIES SINGAPORE LTD.
Securities
EMERGING TOWNS&CITIES SING LTD - SG1DD5000009 - 1C0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Mar-2022 22:09:02
Status
New
Announcement Sub Title
Cessation of Tan Thiam Hee as Group Chief Executive Officer and Executive Director
Announcement Reference
SG220331OTHRC9B2
Submitted By (Co./ Ind. Name)
Tan Swee Gek
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST").

This announcement has not been examined or approved by the 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 Ms Bao Qing - Registered Professional, 6 Raffles Quay, #24-02, Singapore 048580, sponsor@rhtgoc.com

Additional Details

Name Of Person
Tan Thiam Hee
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
31/03/2022
Detailed Reason (s) for cessation
To pursue personal interests and other opportunities.

The Board of Directors thanks Mr Tan Thiam Hee for his contributions and dedication to the Company.

Based on its enquiries, the Company's sponsor, RHT Capital Pte. Ltd., is satisfied that, save as disclosed in the announcement, there are no other material reasons for the cessation of Mr Tan Thiam Hee as Group Chief Executive Officer and 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
24/06/2015
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
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Executive Officer and Executive Director
Role and responsibilities
Responsible for overseeing the executive operations of the Group.
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?
Yes
Shareholding Details
360,000 ordinary shares and 5,000,000 options granted under the CSH Employee Share Option Scheme 2009
Past (for the last 5 years)
GPS Alliance Holdings Limited
ACH Investments Pte Ltd
KS Distribution Pte Ltd
Pinnovationtechnologies Pte. Ltd. (struck off)
Cedar Properties Pte. Ltd. (struck off)
Viva Healthcare Pte. Ltd
Bizgo (SG) Pte. Ltd. (struck off)
Bizgo Holdings Pte Ltd
Bizgo India Private Limited
Koon Holdings Limited
Koon Construction & Transport Co. Pte. Ltd.
Hin Leong Marine International (Pte.) Ltd. (in liquidation)
Ocean Bunkering Services (Pte) Ltd (in liquidation)
Xihe Investment Pte Ltd (in liquidation)
Uni Global Power Pte. Ltd. (cessation on 31 March 2022)
Futura Asset Holdings Pte. Ltd. (cessation on 31 March 2022)
DAS Pte. Ltd. (cessation on 31 March 2022)
Golden Land Real Estate Development Co., Ltd (cessation on 31 March 2022)
Trechance Holdings Limited (cessation on 31 March 2022)
AT&S Pte. Ltd.
Finding Goodness Innovative Learning Pte Ltd (struck off)
Present
Borden Eagle Singapore Pte. Ltd.
SG Plus Investment and Development Pte. Ltd
Viva Corporate Advisory Pte. Ltd