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Change - Announcement Of Cessation As Chief Operating Officer

BackApr 01, 2020
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Apr 1, 2020 18:20
Status New
Announcement Sub Title Cessation as Chief Operating Officer
Announcement Reference SG200401OTHRKRHV
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) 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 (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:-
Name: Mr Ong Hwee Li (Registered
Professional, SAC Capital Private Limited)
Address: 1 Robinson Road, #21-00 AIA
Tower, Singapore 048542
Tel: +65 6232 3210
Additional Details
Name Of Person Tjioe Ka In
Age 55
Is effective date of cessation known? Yes
If yes, please provide the date 01/04/2020
Detailed Reason (s) for cessation Mdm Tjioe Ka In ("Mdm Tjioe") has been recommended by the Nominating Committee, to be appointed as the Executive Director of the Company. The Board of Directors of the Company has reviewed and considered the qualifications and experience of Mdm Tjioe, and approved the appointment. Accordingly, Mdm Tjioe relinquished her position as Chief Operating Officer upon her appointment as Executive Director of the Company. The Sponsor, after having interviewed Mdm Tjioe, is satisfied that other than as disclosed in this announcement, there is no other reason for the cessation of Mdm Tjioe as the COO 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 01/11/2016
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) 4
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.) Chief Operating Officer
Role and responsibilities She is in charge of strategic planning and ensured smooth operation of the Group's restaurants.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Sister of Mr Tjioe Ka Men (President/Chief Executive Officer of the Company) and related to controlling shareholders of the Company, Amazing Grace Investments Pte. Ltd. and Zhou Holdings Pte Ltd.
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details Holds 105,840 shares of the Company in her own name.
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