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Change - Announcement Of Resignation Of Mr Teoh Kok Ann As Chief Operating Officer
BackMay 02, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 2, 2025 17:31 |
| Status | New |
| Announcement Sub Title | Resignation of Mr Teoh Kok Ann as Chief Operating Officer |
| Announcement Reference | SG250502OTHRTD7L |
| Submitted By (Co./ Ind. Name) | Koh Thong Huat |
| Designation | Executive Director and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been prepared by 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 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 Mr Kaeson Chui, Vice President, at 16 Raffles Quay, #01-05 Hong Leong Building, Singapore 048581, Telephone (65) 64159886. |
| Additional Details | |
| Name Of Person | Teoh Kok Ann |
| Age | 53 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/05/2025 |
| Detailed Reason (s) for cessation | Mr Anders Teoh Kok Ann ("Mr Teoh") has tendered his resignation as the Chief Operating Officer as he wishes to pursue other opportunities. Mr Anthony Koh, Executive Director and CEO, and Mr Albert Teng, Chief Strategy Officer will cover the duties of Mr Teoh until the Group is in a position to hire a suitable and equivalent candidate. Hong Leong Finance Limited, after having interviewed Mr Teoh, is satisfied that other than as disclosed in this announcement, there are no other reasons for the resignation of Mr Teoh. The Board would like to extend their appreciation to Mr Teoh for his invaluable contribution to the Company during his tenure of service. |
| 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 | 11/01/2021 |
| 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.) | Chief Operating Officer |
| Role and responsibilities | Executive. Responsible for overseeing the Group's operations. |
| 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) | Goodwood Development Group Pty Ltd |
| Present | ISOTeam C&P Pte. Ltd. ISOTeam AET Pte. Ltd. |