| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jun 21, 2024 18:28 |
| Status | New |
| Announcement Sub Title | Resignation of Vice Chairman and Non-Executive Director |
| Announcement Reference | SG240621OTHREE2U |
| Submitted By (Co./ Ind. Name) | Iqbal Jumabhoy |
| Designation | Chief Executive Officer and Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Vice Chairman and Non-Executive Director. This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange 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 Foo Jien Jieng, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg. |
| Additional Details | |
| Name Of Person | Hansa Susayan |
| Age | 68 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 21/06/2024 |
| Detailed Reason (s) for cessation | The cessation is due to change in the scope of Mr. Hansa Susayan's ("Mr. Susayan") role within the controlling shareholder, DTGO Group where Mr. Susayan is now required to travel more frequently and as a result, he is no longer able to commit sufficient time to the Company. After having interviewed Mr. Susayan and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Susayan as the Vice Chairman and Non-Executive Director. The Company and the Nominating Committee are currently assessing suitable replacement candidates and the Company will make the necessary announcement(s) in due course. |
| 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 | 23/01/2024 |
| 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 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 4 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Vice Chairman and Non-Executive Director |
| Role and responsibilities | Non-Executive Director |
| 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 | Please refer to Annexure A. |
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