Change - Announcement of Cessation::Cessation as Chief Operating Officer

Issuer & Securities

Issuer/ Manager
TUNG LOK RESTAURANTS(2000) LTD - SG1J65890803 - 540
Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Apr-2020 18:20:30
Announcement Sub Title
Cessation as Chief Operating Officer
Announcement Reference
Submitted By (Co./ Ind. Name)
Tjioe Ka Men
President/ Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange 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:-
Name: Mr Ong Hwee Li (Registered
Professional, SAC Capital Private Limited)
Address: 1 Robinson Road, #21-00 AIA
Tower, Singapore 048542
Tel: +65 6232 3210

Additional Details

Name Of Person
Tjioe Ka In
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mdm Tjioe Ka In ("Mdm Tjioe") has been recommended by the Nominating Committee, to be appointed as the Executive Director of the Company. The Board of Directors of the Company has reviewed and considered the qualifications and experience of Mdm Tjioe, and approved the appointment. Accordingly, Mdm Tjioe relinquished her position as Chief Operating Officer upon her appointment as Executive Director of the Company. The Sponsor, after having interviewed Mdm Tjioe, is satisfied that other than as disclosed in this announcement, there is no other reason for the cessation of Mdm Tjioe as the COO 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Operating Officer
Role and responsibilities
She is in charge of strategic planning and ensured smooth operation of the Group's restaurants.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Sister of Mr Tjioe Ka Men (President/Chief Executive Officer of the Company) and related to controlling shareholders of the Company, Amazing Grace Investments Pte. Ltd. and Zhou Holdings Pte Ltd.
Shareholding interest in the listed issuer and its subsidiaries?
Shareholding Details
Holds 105,840 shares of the Company in her own name.
Past (for the last 5 years)
Tung Lok Restaurants (2000) Ltd
T&T Gourmet Cuisine Pte. Ltd.
Tung Lok Millennium Pte Ltd
Tung Lok Arena Pte Ltd
Club Chinois Pte Ltd
Chinois Pte. Ltd.
McBistro Pte. Ltd.
Tung Lok Xihe Restaurant Pte. Ltd.
Shin Yeh Restaurant Pte. Ltd.
Tung Lok Signatures (2006) Pte. Ltd.
Tung Lok Central Restaurant Pte. Ltd.
Garuda Padang Restaurant (Singapore) Pte.
Olde Peking Dining Hall Pte. Ltd.
Slappy Cakes (Singapore) Pte. Ltd.
Tung Lok (China) Holdings Pte. Ltd.
Charming Garden (Asia Pacific) Pte. Ltd.
Amazing Grace Investments Pte. Ltd.
Zhou Holdings Pte Ltd
Pansum Catering Technology Pte. Ltd.