Announcement Reference
SG201221OTHRV0NL
Submitted By (Co./ Ind. Name)
TAN YEE HO
Designation
EXECUTIVE CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company’s sponsor, SAC Capital Private Limited (“Sponsor”). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (“SGX-ST”) and the SGX-ST 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. Lee Khai Yinn, SAC Capital Private Limited at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542, telephone (65) 6232 3210.
Additional Details
Name Of Person
Lim Heng Min
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
12/02/2021
Detailed Reason (s) for cessation
Mr Lim Heng Min (“Mr Lim”) has tendered his resignation as General Manager (Corporate), to pursue other personal interests, with effect from 12 February 2021.
The Board of Directors thanks Mr Lim for his invaluable contributions during his tenure of service.
SAC Capital Private Limited, after having interviewed Mr Lim, is satisfied that, other than as disclosed in the announcement, there are no material reasons for the cessation of Mr Lim as the General Manager (Corporate).
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
Mr Tan Yee Leong, the Executive Director and Chief Executive Officer of the Company, will assume Mr Lim’s duties, with the support from the line managers, to ensure continued smooth functioning of the operation and business of the Group subsequent to the cessation of Mr Lim.
Date of Appointment to current position
02/09/2013
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
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
General Manager (Corporate)
Role and responsibilities
Mr Lim is responsible for overseeing and managing the local and overseas sales function, as well as business development activities in overseas markets.
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
Nil