Change - Announcement of Cessation::Cessation as Executive Chairman and redesignation as Non-Executive Chairman

Issuer & Securities

Issuer/ Manager
LUM CHANG HOLDINGS LIMITED
Securities
LUM CHANG HOLDINGS LIMITED - SG1E20001293 - L19
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-May-2026 17:56:31
Status
New
Announcement Sub Title
Cessation as Executive Chairman and redesignation as Non-Executive Chairman
Announcement Reference
SG260519OTHR56I2
Submitted By (Co./ Ind. Name)
Yap Lay Hoon / Wong Yi
Designation
Company Secretaries
Effective Date and Time of the event
19/05/2026 17:56:00
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Raymond Lum Kwan Sung ("Mr Raymond Lum") as Executive Chairman and his redesignation as Non-Executive Chairman of Lum Chang Holdings Limited with effect from 1 January 2027.

Additional Details

Name of person
Raymond Lum Kwan Sung
Age
80
Is effective date of cessation known?
Yes
If yes, please provide the date.
01/01/2027
Detailed reason(s) for cessation
Mr Raymond Lum has informed the Board that he wishes to retire as the Executive Chairman of the Company upon the expiry of his current service agreement on 31 December 2026. He will remain as the Non-executive Non-independent Chairman of the Board with effect from 1 January 2027, and will also remain as a member of the Nominating Committee.

Mr Raymond Lum will resign from all directorships in the Company's subsidiaries and related corporations with effect from the cessation date.
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
18/09/1982
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman and a member of the Nominating Committee
Role and responsibilities
Executive Chairman of the Company
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
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
Yes
Shareholding details
Direct interest: 15,528,397 ordinary shares
Deemed interest: 123,874,587 ordinary shares
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Raymond Lum and Mr David Lum Kok Seng, the Managing Director of the Company are siblings. Ms Emlyn Lum Wen-Yan, who is deemed interested in Lum Chang shares held directly by Lum Chang Investments Pte Ltd and through its nominee accounts, is a daughter of Mr Raymond Lum. Mr Kelvin Lum Wen-Sum, a Non-independent Non-executive Director and Mr Adrian Lum Wen-Hong, an Alternate Director are nephews of Mr Raymond Lum.
Other Directorships
Past (for the last 5 years)
1) Lum Chang Building Contractors Pte Ltd
2) UK Property Investment Pte Ltd
3) Singapore-Suzhou Township Development Pte Ltd
Present
Please refer to the attached Appendix 1.

Attachments

Appendix 1 RL_Present Directorships.pdf
Total size =73K