Change - Announcement of Cessation::RESIGNATION OF ACTING GROUP CHIEF OPERATING OFFICER

Issuer & Securities

Issuer/ Manager
USP GROUP LIMITED
Securities
USP GROUP LIMITED - SG1CH0000007 - BRS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Jan-2024 18:25:20
Status
New
Announcement Sub Title
RESIGNATION OF ACTING GROUP CHIEF OPERATING OFFICER
Announcement Reference
SG240122OTHRNIB4
Submitted By (Co./ Ind. Name)
Shek Chee Seng
Designation
Executive Director and Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Acting Group Chief Operating Officer.

Additional Details

Name Of Person
Neu Wee Teck
Age
46
Is effective date of cessation known?
Yes
If yes, please provide the date
22/01/2024
Detailed Reason (s) for cessation
Pursue personal interest.
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
15/12/2023
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)
4
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.)
Acting Group Chief Operating Officer
Role and responsibilities
Mr Neu is responsible for overseeing and managing the overall administrative and operational functions of the Company and its subsidiaries which includes developing, establishing and implementing the Group's operating policies and business plan.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
1. Social Collider
2. Social Collider Education Consultancy
3. Fairmarch
4. JDN19
5. Lion City Inclusive Chess