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

Issuer & Securities

Issuer/ Manager
RE&S HOLDINGS LIMITED
Securities
RE&S HOLDINGS LIMITED - SG1EA3000005 - 1G1
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Oct-2023 18:16:08
Status
New
Announcement Sub Title
Resignation of Non-Executive and Non-Independent Director
Announcement Reference
SG231027OTHRAJ4G
Submitted By (Co./ Ind. Name)
Foo Kah Lee
Designation
Executive Director and CEO
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Executive and Non-Independent Director.

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance 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 Ms. Lim Hui Ling, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Yek Hong Liat John
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
08/11/2023
Detailed Reason (s) for cessation
To pursue personal goals.

The Board would like to express its appreciation to Mr Yek for his invaluable contributions and guidance during his tenure.

After having interviewed Mr Yek and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that saved as disclosed in this announcement, there are no other material reasons for the resignation of Mr Yek as Non-Executive and Non-Independent 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
10/02/2020
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-Executive and Non-Independent Director
Role and responsibilities
Non-Executive and Non-Independent Director
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
60,000,000 shares in the Company
Past (for the last 5 years)
1. R E & S Enterprises Pte Ltd
2. R E & S Enterprises (M) Sdn. Bhd.
3. Kabe No Ana Pte. Ltd.
4. Promote Japan Enterprise Pte. Ltd.
Present
RE&S Holdings Limited
(Note: Mr Yek was appointed as Executive Director and CEO on 26 May 2017 and he stepped down as CEO on 30 June 2019. He was re-designated as Non-Executive and Non-Independent Director on 10 February 2020.)