| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 31, 2022 22:09 |
| Status | New |
| Announcement Sub Title | Cessation of Tan Thiam Hee as Group Chief Executive Officer and Executive Director |
| Announcement Reference | SG220331OTHRC9B2 |
| Submitted By (Co./ Ind. Name) | Tan Swee Gek |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). This announcement has not been examined or approved by 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 Ms Bao Qing - Registered Professional, 6 Raffles Quay, #24-02, Singapore 048580, sponsor@rhtgoc.com |
| Additional Details | |
| Name Of Person | Tan Thiam Hee |
| Age | 52 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/03/2022 |
| Detailed Reason (s) for cessation | To pursue personal interests and other opportunities. The Board of Directors thanks Mr Tan Thiam Hee for his contributions and dedication to the Company. Based on its enquiries, the Company's sponsor, RHT Capital Pte. Ltd., is satisfied that, save as disclosed in the announcement, there are no other material reasons for the cessation of Mr Tan Thiam Hee as Group Chief Executive Officer and Executive Director of the Company. |
| 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 | 24/06/2015 |
| 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) | 1 |
| 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.) | Group Chief Executive Officer and Executive Director |
| Role and responsibilities | Responsible for overseeing the executive operations of the Group. |
| 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 | 360,000 ordinary shares and 5,000,000 options granted under the CSH Employee Share Option Scheme 2009 |
| Past (for the last 5 years) | GPS Alliance Holdings Limited ACH Investments Pte Ltd KS Distribution Pte Ltd Pinnovationtechnologies Pte. Ltd. (struck off) Cedar Properties Pte. Ltd. (struck off) Viva Healthcare Pte. Ltd Bizgo (SG) Pte. Ltd. (struck off) Bizgo Holdings Pte Ltd Bizgo India Private Limited Koon Holdings Limited Koon Construction & Transport Co. Pte. Ltd. Hin Leong Marine International (Pte.) Ltd. (in liquidation) Ocean Bunkering Services (Pte) Ltd (in liquidation) Xihe Investment Pte Ltd (in liquidation) Uni Global Power Pte. Ltd. (cessation on 31 March 2022) Futura Asset Holdings Pte. Ltd. (cessation on 31 March 2022) DAS Pte. Ltd. (cessation on 31 March 2022) Golden Land Real Estate Development Co., Ltd (cessation on 31 March 2022) Trechance Holdings Limited (cessation on 31 March 2022) AT&S Pte. Ltd. Finding Goodness Innovative Learning Pte Ltd (struck off) |
| Present | Borden Eagle Singapore Pte. Ltd. SG Plus Investment and Development Pte. Ltd Viva Corporate Advisory Pte. Ltd |