| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 14, 2025 18:35 |
| Status | New |
| Announcement Sub Title | Announcement of Cessation of Independent Director (Mr Michael John Oliver) |
| Announcement Reference | SG250314OTHRRSBN |
| Submitted By (Co./ Ind. Name) | Mr. Efstathios Topouzoglou |
| Designation | Non-Independent Non-Executive Chairman |
| Description (Please provide a detailed description of the event in the box below) | Announcement of Cessation of Independent Director (Mr Michael John Oliver) |
| Additional Details | |
| Name Of Person | Michael John Oliver |
| Age | 76 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/03/2025 |
| Detailed Reason (s) for cessation | Mr Michael John Oliver has retired as an Independent 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 | 26/06/2013 |
| 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 | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director; Chairman of the Nominating Committee and the Remuneration Committee and member of Audit and Risk Committee. |
| Role and responsibilities | Assumed the roles and responsibilities of an Independent Director and Chairman of the Nominating Committee and the Remuneration Committee and member of Audit and Risk Committee. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | None |
| Present | None |