Change - Announcement of Cessation::Cessation of Managing Director of UPP Pulp & Paper (M) Sdn. Bhd.

Issuer & Securities

Issuer/ Manager
AVARGA LIMITED
Securities
AVARGA LIMITED - SG1K55001665 - U09
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-Mar-2025 17:17:03
Status
New
Announcement Sub Title
Cessation of Managing Director of UPP Pulp & Paper (M) Sdn. Bhd.
Announcement Reference
SG250319OTHRFZI6
Submitted By (Co./ Ind. Name)
Tong Ian
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Ms Ng Lee Huang ("Ms Ng") as Managing Director ("MD") of UPP Pulp & Paper (M) Sdn. Bhd., a wholly owned subsidiary of the Company ("UPP").

Additional Details

Name Of Person
Ng Lee Huang
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
31/03/2025
Detailed Reason (s) for cessation
Cessation of the paper manufacturing operations of the Company's wholly-owned subsidiary, UPP Pulp & Paper (M) Sdn. Bhd. after 31 December 2024.
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
01/06/2020
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.)
Managing Director of UPP Pulp & Paper (M) Sdn. Bhd.
Role and responsibilities
Ms Ng assists in overseeing the operational and financial management of the paper manufacturing business.
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
Direct interest in 45,000 ordinary shares of Avarga Limited.
Other Directorships
Past (for the last 5 years)
UPP Pulp & Paper (M) Sdn. Bhd.
Present
Nil