| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 9, 2022 17:20 |
| Status | New |
| Announcement Sub Title | Resignation of Anthony Taylor as Executive Chairman and Chief Executive Officer |
| Announcement Reference | SG221209OTHRSZU3 |
| Submitted By (Co./ Ind. Name) | Yoo Loo Ping |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Anthony Taylor as Executive Chairman and Chief Executive Officer |
| Additional Details | |
| Name Of Person | Anthony Brian Taylor |
| Age | 60 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 09/12/2022 |
| Detailed Reason (s) for cessation | After 16 years with the Company, Mr Anthony Taylor, Executive Chairman, decided to step down as a member of the Board and 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 | 26/10/2010 |
| 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) | 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.) | Executive Chairman and Chief Executive Officer |
| Role and responsibilities | Responsible on manages and oversees the Group's day-to-day operations and implementation of the Group's strategies, plans and policies to achieve the planned corporate performance and financial goals. |
| 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 | 11,139,702 ordinary shares |
| Past (for the last 5 years) | Global Invacom Group Limited and its subsidiaries |
| Present | - |