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Change - Announcement Of Resignation Of Mr Foo Joon Lye As Executive Director
BackOct 31, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Oct 31, 2025 18:16 |
| Status | New |
| Announcement Sub Title | Resignation of Mr Foo Joon Lye as Executive Director |
| Announcement Reference | SG251031OTHRS7H4 |
| Submitted By (Co./ Ind. Name) | Koh Thong Huat |
| Designation | Executive Director and Chief Executive Officer |
| Effective Date and Time of the event | 31/10/2025 17:00:00 |
| 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 statement 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 | Foo Joon Lye |
| Age | 61 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 29/10/2025 |
| Detailed Reason (s) for cessation | Mr Foo Joon Lye had resigned at the conclusion of the Annual General Meeting of the Company held on 29 October 2025. Hong Leong Finance Limited, after having interviewed Mr Foo Joon Lye, is satisfied that other than as disclosed in this announcement, there are no other reasons for the retirement of Mr Foo Joon Lye. The Board would like to extend their appreciation to Mr Foo Joon Lye for his invaluable contribution to the Company during his tenure of service as an Executive Director. |
| 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 | 12/12/2012 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director. |
| 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? | Yes |
| Shareholding Details | Foo Joon Lye is deemed to be interested in 156,272,812 shares in the capital of ISOTeam Ltd. (the "Shares") by virtue of: (a) his shareholding in ADD Investment Holding Pte. Ltd., he is therefore deemed to be interested in ADD Investment Holding Pte. Ltd's 140,908,812 Shares under Section 7 of the Companies Act 1967; and (b) his deemed interest in 15,364,000 Shares held by Citibank Nominees Singapore Pte Ltd as his nominee. |
| Past (for the last 5 years) | 1. ADD Group Pte. Ltd. 2. ISO-Landscape Pte. Ltd. 3. Access MEWP Pte. Ltd. (formerly known as ISOTeam Access Pte. Ltd.) 4. IGS Green Solutions Pte. Ltd. (formerly known as ISOTeam Green Solutions Pte. Ltd.) 5. ISOTeam Homecare Pte. Ltd. 6. ISO-Seal Engineering Pte. Ltd. 7. ISO-Seal Waterproofing Pte. Ltd. 8. TMG Projects Pte. Ltd. |
| Present | 1. ADD Investment Holdings Pte. Ltd. 2. ISOTeam AET Pte. Ltd. 3. ISO-Team Corporation Pte. Ltd. 4. ISOTeam C&P Pte. Ltd. 5. Raymond Construction Pte. Ltd. 6. TMS Alliances Pte. Ltd. 7. ISOTeam Loft Pte. Ltd. 8. ISOTeam TMS (Myanmar) Limited 9. ITG Projects Sdn Bhd |