Change Announcement Of Cessation :: Retirement Of Non Executive And Lead Independent Director

To comply with Rule 406(3)(d)(iv) of the SGX-ST Listing Manual Section B: Rules of Catalist ("Catalist Rules") and to facilitate the renewal of Independent Directors on the Board, Mr Tan Siok Sing ("Mr Tan") will be stepping down as a Non-Executive and Lead Independent Director of the Company at the conclusion of the upcoming Annual General Meeting ("AGM") of the Company to be held on 30 July 2024 as his tenure as Independent Director has exceeded the 9 years limit. Concurrently, Mr Tan will relinquish his position as the Lead Independent Director, Chairman of the Nominating Committee and members of the Audit and Remuneration Committees.

The Company's Sponsor, RHT Capital Pte Ltd, after having interviewed Mr Tan, is satisfied that, other than as disclosed in the announcement, there are no other material reasons for the retirement of Mr Tan as Non-Executive and Lead Independent Director.

The Board would like to take this opportunity to record their gratitude and appreciation towards Mr Tan's valuable contributions to the Board during his term of appointment with the Company. The Board wishes him well in his future endeavours.

The Company is in the midst of sourcing for a candidate to replace Mr Tan as Non-Executive and Independent Director to fill the vacancy of the Board and Board Committees in compliance with the Catalist Rules and Code of Corporate Governance. The Company will endeavour to fill the vacancy within two months, but in any case, not later than three months.

The Company will release the announcement on the appointment of the new Non-Executive and Independent Director in due course.

Public link

Please use the above public link if you want to share this noodl on another website.