| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 12, 2024 19:56 |
| Status | New |
| Announcement Sub Title | Retirement of Deputy Executive Chairman and Director - Ow Cheo Guan |
| Announcement Reference | SG240712OTHRM4UQ |
| Submitted By (Co./ Ind. Name) | Ang Lay Kheng |
| Designation | Chief Financial Officer and Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mr Ow Cheo Guan as Deputy Executive Chairman and Director |
| Additional Details | |
| Name Of Person | Ow Cheo Guan |
| Age | 75 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/07/2024 |
| Detailed Reason (s) for cessation | Mr Ow Cheo Guan is retiring as Deputy Executive Chairman and Director of the Company on 30 July 2024. The Board of Directors expressed its gratitude and appreciation to Mr Ow Cheo Guan for his invaluable contributions during his tenure as Deputy Executive Chairman and 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 | 19/11/1994 |
| 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 | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Deputy Executive Chairman and Director |
| Role and responsibilities | Executive. Full responsibilities as Deputy Executive Chairman. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | (i) Brother of Mr Ow Chio Kiat, Executive Chairman and substantial shareholder (ii) Uncle of Mr Ow Yew Heng, Executive Director and Chief Executive Officer |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Deemed interest: 13,200,000 ordinary shares in Singapore Shipping Corporation Limited |
| Past (for the last 5 years) | Directorships: - Stamford Land Corporation Ltd - Stamford Land Management Pte Ltd - Stamford Hotels & Resorts Pte. Ltd. - HSH Contractors Pte Ltd - Stamford Properties (S) Pte. Ltd. - Stamford Land Pte. Ltd. - Sir Stamford Hotels & Resorts Pte Ltd - Voyager Travel Pte Ltd - Dickensian Holdings Ltd - Stamford Auckland (1996) Limited - North Ryde Investments Limited - Stamford Mayfair Limited - Dynons Perth (2010) Ltd as Trustee for Dynons Perth (2010) Trust - Sir Stamford at Circular Quay (2000) Ltd as Trustee for Sir Stamford at Circular Quay (2000) Trust - Stamford Sydney Airport (2000) Ltd as Trustee for Stamford Sydney Airport (2000) Trust - Atrington Limited as Trustee for Atrington Trust - Stamford Residences Sydney (2011) Ltd as Trustee for Stamford Residences Sydney (2011) Trust - HSH (Australia) Limited as Trustee for HSH (Australia) Trust - HSH Hotels (Australia) Ltd as Trustee for Stamford Melbourne (1994) Trust, Stamford Grand Adelaide (1994) Trust, Macquarie Park Village (2018) Trust, Stamford Brisbane (2000) Trust and Stamford Plaza Adelaide (1995) Trust - SGA (1994) Pty Ltd as Trustee for SGA (1994) Trust - SPM (1994) Pty Ltd - Stamford Hotels and Resorts Pty Limited - Stamford Hotels Pty Ltd - SPA (1995) Pty Ltd - SPAK (1996) Limited - HSH Tanker Inc - Tan Gim Tee International Pte. Ltd. [Note: The disclosure includes struck off/liquidated entities] |
| Present | Directorships: - SSC Sirius Leader Pte. Ltd. - SSC Boheme Pte. Ltd. - SSC Investments (Pte) Limited - SSC Capricornus Leader Pte. Ltd. - Tan Gim Tee Holdings Pte Ltd - Weifort Investments Pte Ltd - Rocksland Investments Pte Ltd |