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

Issuer & Securities

Issuer/ Manager
OCEANUS GROUP LIMITED
Securities
OCEANUS GROUP LIMITED - SG1M80907371 - 579
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Dec-2021 17:17:57
Status
New
Announcement Sub Title
Resignation of Non-Independent Non-Executive Director
Announcement Reference
SG211215OTHR4N9A
Submitted By (Co./ Ind. Name)
Peter Koh Heng Kang
Designation
Executive Director and CEO
Description (Please provide a detailed description of the event in the box below)
Mr Eugen Chua will be replaced by Mr Cleveland Cuaca as the representative of Alacrity Investment Group Limited on the board of Oceanus Group Limited, to allow him to focus on his role as Chief Investment Officer of CFAM Pte. Ltd.

Mr Cleveland Cuaca is the Executive Director and majority shareholder of Alacrity Investment Group Limited, a substantial shareholder of Oceanus Group Limited, and will be exploring opportunities for further business development and collaboration between Oceanus Group Limited and his other business ventures.

Additional Details

Name Of Person
Eugen Chua
Age
43
Is effective date of cessation known?
Yes
If yes, please provide the date
15/12/2021
Detailed Reason (s) for cessation
Mr Eugen Chua will be replaced by Mr Cleveland Cuaca as the representative of Alacrity Investment Group Limited on the board of Oceanus Group Limited, to allow him to focus on his role as Chief Investment Officer of CFAM Pte. Ltd.

Mr Cleveland Cuaca is the Executive Director and majority shareholder of Alacrity Investment Group Limited, a substantial shareholder of Oceanus Group Limited, and will be exploring opportunities for further business development and collaboration between Oceanus Group Limited and his other business ventures.
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
02/10/2019
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Director and a member of each of the Audit Committee and the Remuneration Committee.
Role and responsibilities
Non-Independent Non-Executive Director
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?
Yes
Shareholding Details
Direct interest: 3,000,000 ordinary shares in the Company
Deemed interest: 258,292,452 ordinary shares in the Company held by EMEC Holdings Pte. Ltd.
Past (for the last 5 years)
1. Cap 1 Financial Pte. Ltd.
2. C1 Investments Pte. Ltd.
3. Autovisa Pte. Ltd.
4. JCXY69 Pte. Ltd.
5. EMEC Holdings Pte. Ltd.
Present
1. EMEC Holdings Pte. Ltd.
2. CFAM Advisory Pte. Ltd.
3. CFAM Foundation Limited