Change - Announcement of Cessation::Retirement of Key Executive - Chief Operating Officer (BMW)

Issuer & Securities

Issuer/ Manager
TRANS-CHINA AUTOMOTIVE HOLDINGS LIMITED
Securities
TRANS-CHINA AUTOMOTIVE HOLDINGS LIMITED - KYG9005M1006 - VI2
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Nov-2024 19:51:12
Status
New
Announcement Sub Title
Retirement of Key Executive - Chief Operating Officer (BMW)
Announcement Reference
SG241104OTHR5QSZ
Submitted By (Co./ Ind. Name)
Francis Tjia
Designation
Executive Director, Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Key Executive - Chief Operating Officer (BMW).

This announcement has been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor"). It 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 document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the sponsor is Mr. Leong Weng Tuck at 36 Robinson Road, #10-06 City House, Singapore 068877, Email: sponsor@rhtgoc.com.

Additional Details

Name Of Person
Roger Chan
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2024
Detailed Reason (s) for cessation
Mr Roger Chan has informed the Board of Directors of the Company (the "Board") that he intends to retire and has tendered his resignation of his own accord.

After having interviewed Mr Roger Chan and to the best of its knowledge, the Company's sponsor, RHT Capital Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no material reasons for the cessation of Mr Roger Chan as Chief Operating Officer (BMW).

The Board expresses its appreciation to Mr Roger Chan for his dedication and contributions to the Group during his tenure.
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
18/12/2015
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Operating Officer (BMW)
Role and responsibilities
Mr Roger Chan is responsible for the overall management of sales and service operations of the BMW business. Upon retirement of Mr Roger Chan, his role and responsibilities will be undertaken by Mr Raymond Woo (Chief Operating Officer (Premium Luxury)).
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
Mr Roger Chan holds 2,049,789 ordinary shares of the Company.
Past (for the last 5 years)
Nil
Present
Nil