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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Sep 30, 2025 17:31 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Director |
| Announcement Reference | SG250930OTHRUI4V |
| Submitted By (Co./ Ind. Name) | Victor Lim |
| Designation | CEO and Group Managing Director |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been reviewed by the Company's sponsor, RHT Capital 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 document, including the correctness of any of the statements or opinions made or reports contained in this document. The contact person for the Sponsor is Mr. Leong Weng Tuck at 36 Robinson Road, #10-06 City House, Singapore 068877, Email: sponsor@rhtgoc.com. |
| Additional Details | |
| Name Of Person | Lee Teck Meng Stanley |
| Age | 50 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 17/10/2025 |
| Detailed Reason (s) for cessation | Mr. Lee Teck Meng Stanley ("Mr. Lee") was first appointed as a Non-Executive and Non-Independent Director of the Company on 24 August 2016. He was subsequently re-designated as an Independent Director of the Company on 21 August 2018. As such, Mr. Lee has been a director of the Company for an aggregate period of more than nine years. In view of the imposed tenure limit for Independent Directors and the need for Board renewal, Mr. Lee has expressed his intention to retire as an Independent Director of the Company pursuant to Article 94 of the Company's Constitution at the conclusion of the Company's annual general meeting to be held on 17 October 2025. Following his retirement from the Board, Mr. Lee will cease to be Chairman of the Nominating Committee ("NC") and the Remuneration Committee ("RC"), and a member of the Audit Committee ("AC"). The Board would like to express its gratitude to Mr. Lee for his invaluable contributions and guidance to the Board during his tenure. Based on its enquiries and to the best of its knowledge, the Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the retirement of Mr. Lee. The Company will be assessing suitable candidates to fill the vacancy to meet the minimum number of members within the Audit Committee of the Company pursuant to the Catalist Rules. |
| 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 | 24/08/2016 |
| 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) | 2 |
| 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.) | Independent Director, RC Chairman, NC Chairman and AC member. |
| Role and responsibilities | Role and responsibilities of Independent Director, RC Chairman, NC Chairman and AC member. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nephew to Mr. Lim Kee Liew @ Victor Lim (the Chief Executive Officer and Group Managing Director, and a Controlling Shareholder) and his spouse, Mdm. Leong Lai Heng (a Controlling Shareholder and a Director of the subsidiaries of the Company) |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Deemed Interest - 300,000 shares |
| Past (for the last 5 years) | Nil |
| Present | Royal Oaks Investments Pte. Ltd. Aquahandy Innovative Health Technology Pte. Ltd. Waterseal Services Pte. Ltd. Gey Lang Pte. Ltd. |
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