AGV

Change - Announcement Of Cessation Of Group General Manager, Singapore

BackJun 09, 2022
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Jun 9, 2022 13:39
Status New
Announcement Sub Title Cessation of Group General Manager, Singapore
Announcement Reference SG220609OTHRCPXJ
Submitted By (Co./ Ind. Name) Leow Quek Shiong and Gary Loh Weng Fatt
Designation Judicial Managers
Description (Please provide a detailed description of the event in the box below) This announcement has been prepared by the Judicial Managers for and on behalf of the Company and its contents have been reviewed by the Company's Sponsor, Hong Leong Finance Limited. It has not been examined or approved by the SGX-ST and the SGX-ST 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 Mr Kaeson Chui, Vice President, at 16 Raffles Quay, #01-05 Hong Leong Building, Singapore 048581, Telephone (65) 6415 9886.
Additional Details
Name Of Person Goh Jay Ree
Age 44
Is effective date of cessation known? Yes
If yes, please provide the date 01/06/2022
Detailed Reason (s) for cessation Mr. Goh Jay Ree ("Mr. Goh") has been removed as a director of AGV Galvanizing (Singapore) Pte. Ltd. ("AGVS"), a wholly-owned subsidiary of the Company, and Mr. Goh has also ceased to be the General Manager of AGVS with effect from 1 June 2022. Mr. Goh has been placed on garden leave from 1 June 2022 to 30 June 2022. Accordingly, Mr. Goh will also cease to be the Group General Manager and Executive Officer of the Company. Mr. Goh's removal from the Group is part of the restructuring plans of the Group.

After having interviewed Mr. Goh and to the best of its knowledge, the Sponsor is satisfied that there are no other material reasons for the cessation of Mr Goh as a Group General Manger 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? Yes
If Yes, Please provide full details Mr. Ang Nam Heng, the sole remaining director of AGVS, will be managing the operations of the subsidiary in Singapore.
Date of Appointment to current position 14/01/2020
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) 1
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.) Group General Manager, Singapore
Role and responsibilities Primarily responsible for overall management and operations in Singapore as well as business development for the Group.
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) Nil
Present Nil