| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Nov 29, 2024 19:03 |
| Status | New |
| Announcement Sub Title | Resignation of Independent Non-Executive Chairman |
| Announcement Reference | SG241129OTHR8YL4 |
| 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) | 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 | Bunyong Visatemongkolchai |
| Age | 67 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 12/12/2024 |
| Detailed Reason (s) for cessation | Mr. Bunyong Visatemongkolchai ("Mr. Bunyong") has tendered his resignation as the Chairman and Independent Director due to health reasons. He seeks to reduce his existing workload and professional commitments to focus on improving his overall well-being. Consequent to his resignation as the Chairman and Independent Director, Mr Bunyong will also be vacating his positions as the Chairman of the Nominating Committee and a member of the Remuneration Committee. After having interviewed Mr. Bunyong 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. Bunyong as the Independent Non-Executive Chairman. |
| 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 | 8 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Non-Executive Director, Chairman of the Board and Nominating Committee, Member of Remuneration Committee |
| Role and responsibilities | Independent 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) | 1. TFD Real Estate Management Company Limited 2. Thai Credit Guarantee Corporation 3. Latex Systems Public Company Limited |
| Present | 1. BIC Corporation Company Limited 2. Tree Money Holding Company Limited 3. Bangkok Commercial Asset Management Public Company Limited 4. World Flex Public Company Limited 5. Able Asset Company Limited 6. Siamraj Public Company Limited |
