Change - Announcement of Cessation::Cessation of Group Chief Executive Officer

Issuer & Securities

Issuer/ Manager
ENECO ENERGY LIMITED
Securities
ENECO ENERGY LIMITED - SG1P35918371 - R14
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Mar-2025 17:28:57
Status
New
Announcement Sub Title
Cessation of Group Chief Executive Officer
Announcement Reference
SG250310OTHRR1GW
Submitted By (Co./ Ind. Name)
Ang Jun Long
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Group Chief Executive Officer.

Additional Details

Name Of Person
Gwee Chee Kiang
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
10/03/2025
Detailed Reason (s) for cessation
Mr. Gwee Chee Kiang ("Mr. Gwee") has decided to resign from his position as Group Chief Executive Officer ("CEO") of the Company due to recent reorganisation and changes in key management personnel in 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?
Yes
If Yes, Please provide full details
Yes. Following Mr. Gwee's resignation, Mr. Ang Jun Long ("Mr. Ang"), Executive Director, will also assume responsibility for overseeing the Company's overall operations and setting strategic objectives.
Date of Appointment to current position
08/09/2021
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
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Executive Officer
Role and responsibilities
Area of responsibility is that of the CEO of the Company, to oversee the Group's operation matters.
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
10,855,267 Shares and 6,000,000 Options in Eneco Energy Limited.
Past (for the last 5 years)
1. Richland Global Pte. Ltd.
2. Richland Logistics Services Pte. Ltd.
3. Eneco Singapore Pte. Ltd.
4. Richland Chemical Logistics Pte. Ltd.
5. REL Oil & Gas Pte. Ltd.
Present
Nil