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Change - Announcement Of Cessation Of Chief Executive Officer, Events & Catering Division

BackMay 29, 2025
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast May 29, 2025 18:45
Status New
Announcement Sub Title CESSATION OF CHIEF EXECUTIVE OFFICER, EVENTS & CATERING DIVISION
Announcement Reference SG250529OTHRMZPP
Submitted By (Co./ Ind. Name) Tjioe Ka Men
Designation President/Chief Executive Officer
Description (Please provide a detailed description of the event in the box below) Cessation of Mr Vincent Phang Chwee Kin ("Mr Phang") as Chief Executive Officer ("CEO"), Events & Catering Division of the Company.

This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 Lee Khai Yinn, SAC Capital Private Limited at 1 Robinson Road, #21-01 AIA Tower, Singapore 048542. Telephone number: +65 6232 3210.
Additional Details
Name Of Person Vincent Phang Chwee Kin
Age 58
Is effective date of cessation known? Yes
If yes, please provide the date 30/06/2025
Detailed Reason (s) for cessation Mr Phang has tendered his resignation as the CEO, Events and Catering Division of the Company to pursue other career opportunities. Mr Phang is currently serving his notice period and his last day of employment is 30 June 2025. Mr Phang will work closely with the senior management and the catering team to ensure an orderly transition and handover of duties.

After having interviewed Mr Phang, the Sponsor, to the best of its knowledge, is satisfied that, saved as disclosed in this announcement, there are no material reasons for the cessation of Mr Phang as the CEO, Events and Catering Division 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 10/03/2001
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 0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Chief Executive Officer, Events & Catering Division
Role and responsibilities Mr Phang is responsible for providing strategy direction to the catering division of the Group. He works closely with the President/Chief Executive Officer and the senior management in leading the catering division towards achieving service excellence and offering complete and innovative event solutions to the customers.
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) None
Present None