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Change - Announcement Of Cessation Of Executive Officer

BackApr 22, 2022
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Apr 22, 2022 17:35
Status New
Announcement Sub Title Cessation of Executive Officer
Announcement Reference SG220422OTHRY7RW
Submitted By (Co./ Ind. Name) Tsng Joo Peng
Designation Group Chief Executive Officer
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.

The contact person for the Sponsor is Ms Lim Hui Ling, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318,
Additional Details
Name Of Person Tan Kian Yong
Age 49
Is effective date of cessation known? Yes
If yes, please provide the date 31/05/2022
Detailed Reason (s) for cessation Mr Tan Kian Yong ("Mr Tan") has resigned after two decades with the Company. He will be pursuing his personal interests.

The Group wishes to thank Mr Tan for his invaluable services and contribution to the Group and wishes him success in his endeavours.

After having interviewed Mr Tan 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 Tan.
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 15/02/2017
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 1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Director of NC (Singapore) Pte. Ltd., Natural Cool Airconditioning & Engineering Pte Ltd, and JAD Solutions Pte. Ltd.
Role and responsibilities Mr Tan joined our Group in 2002 and is currently responsible for the Mechanical & Electrical department of the Group. In addition, Mr Tan also sits on the board of some of the Group's Aircon subsidiaries.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Nil
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details 50,300 ordinary shares
Past (for the last 5 years) Nil
Present 1. Natural Cool Airconditioning & Engineering Pte Ltd
2. JAD Solutions Pte. Ltd.
3. NC (Singapore) Pte. Ltd.
4. Fortune 8 Venture Pte. Ltd.

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