Enquiry Form






Change – Announcement of Cessation::RETIREMENT OF DIRECTOR

Announcement Reference

SG240412OTHRKM3Y

 

Submitted By (Co./ Ind. Name)

Tan Yee Ho

 

Designation

Executive Chairman

 

Description (Please provide a detailed description of the event in the box below)

Retirement of Mr Yap Kian Peng as Director.

 

This announcement has been reviewed by the Company’s sponsor, SAC Capital Private Limited (“the Sponsor”).

 

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (“the 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 Mr. Bernard Lim at 1 Robinson Road #21-00 AIA Tower Singapore 048542, telephone (65) 62323210.

 

Additional Details

Name Of Person

Yap Kian Peng

 

Age

57

 

Is effective date of cessation known?

Yes

 

If yes, please provide the date

29/04/2024

 

Detailed Reason (s) for cessation

Mr Yap Kian Peng will retire from the Board of Directors of Soon Lian Holdings Limited (the “Company”) and will not be seeking re-appointment at the Company’s FY2023 Annual General Meeting as he has served on the Board for more than 9 years since his first appointment in 2007 and to allow for Board renewal.

Upon his retirement, Mr. Yap ceased as the Lead Independent Non-Executive Director, Chairman of the Remuneration Committee, a member of the Audit Committee and Nominating Committee.

The Board of Directors and Management sincerely thank Mr Yap for his invaluable contribution during his tenure with the Company.

After having interviewed Mr Yap and to the best of its knowledge, the Company’s sponsor is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Yap.

 

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

The Company will endeavor to fill the vacancy in the Board Committees within 2 months, and in any case, no later than 3 months, to comply with Rule 704(7) of the Catalist Rules.

 

Date of Appointment to current position

31/10/2007

 

Does the AC have a minimum of 3 members (taking into account this cessation)?

No

 

Number of Independent Directors currently resident in Singapore (taking into account this cessation)

2

 

Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months

0

 

Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)

Lead Independent Non-Executive Director, Chairman of the Remuneration Committee, member of the Audit Committee and Nominating Committee.

 

Role and responsibilities

Non-executive

 

Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries

No

 

Shareholding interest in the listed issuer and its subsidiaries?

Yes

 

Shareholding Details

Direct interest of 50,000 shares in the Company

 

Past (for the last 5 years)

1. Agrow Development Pte. Ltd.

2. Capital Equity Holdings Pte. Ltd.

3. M Development Ltd.

4. Jackspeed Corporation Limited

5. Seroja Investments Limited

 

Present

1. Better Resources Pte. Ltd.

2. Index Agency Pte. Ltd.

3. Index Credit Pte. Ltd.

4. Jackspeed Holdings Pte. Ltd.

5. Jackspeed Singapore Pte. Ltd.

6. Legenda Pte. Ltd.

7. Newfort Realty Pte. Ltd.

8. Simply Motor Pte. Ltd.

9. Huationg Global Limited

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