Change - Announcement of Cessation::Cessation of Project Director

Issuer & Securities

Issuer/ Manager
SEVENS ATELIER LIMITED
Securities
SEVENS ATELIER LIMITED - SG1Q04920423 - 5EW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-May-2026 18:00:32
Status
New
Announcement Sub Title
Cessation of Project Director
Announcement Reference
SG260515OTHRP3KM
Submitted By (Co./ Ind. Name)
Lawrence Chen Tse Chau
Designation
Independent Director and Non-Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation of Project 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 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 Foo Jien Jieng, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name of person
Stanny Chai
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date.
31/05/2026
Detailed reason(s) for cessation
Mr Stanny Chai ("Mr Chai") has tendered his resignation to explore new career opportunities and further his professional development.

After having interviewed Mr Chai and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd. is satisfied that save as disclosed in this announcement, there are no other material reason for the cessation of Mr Chai as the Project Director of the Group.
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
15/06/2022
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Project Director
Role and responsibilities
Executive.

Mr Chai has been overseeing the construction's progress of the Group.
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
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
0
Shareholding interest in the listed issuer and its subsidiaries
No
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Other Directorships
Past (for the last 5 years)
Nil
Present
Sevens Build Pte. Ltd.