16 Feb 2022
Change - Announcement Of Cessation Of Chief Executive Officer
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Feb 16, 2022 17:21 |
| Status | New |
| Announcement Sub Title | Cessation of Chief Executive Officer |
| Announcement Reference | SG220216OTHRCV1L |
| Submitted By (Co./ Ind. Name) | Josephine Toh |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Chief Executive Officer ("CEO"). |
| Additional Details | |
| Name Of Person | Yoong Swie Leong |
| Age | 44 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/06/2022 |
| Detailed Reason (s) for cessation | The service contract between Mr Yoong and the Company will expire on 30 June 2022. During Mr Yoong's tenure, he oversaw the Company's portfolio reorganisation aimed at achieving long-term growth and sustainability. Given the completion of the objectives set, Mr Yoong will not be renewing his service agreement in order to pursue new career opportunities. |
| 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 | 01/07/2017 |
| 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 | 5 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | CEO |
| Role and responsibilities | Executive. Area of responsibility: Refer to Job Title |
| 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? | No |
| Past (for the last 5 years) | NA |
| Present | Intrawave Pte Ltd Intraco Trading Pte Ltd Intraco Foods Pte Ltd Intraco International Pte. Ltd. K. A. Group Holdings Pte. Ltd. K. A. Building Construction Pte Ltd K. A. Fireproofing Pte. Ltd. K. A. Fabric Shutters Pte. Ltd. K. A. Firelite Pte. Ltd. K. A. Vermiculite Spray Sdn. Bhd. Tat Hong Intraco Pte. Ltd. Tat Hong Intraco Heavy Equipment Co. Ltd. |