CHANGE - ANNOUNCEMENT OF CESSATION OF NON-EXECUTIVE AND NON-INDEPENDENT DIRECTOR
BackApr 28, 2026
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 28, 2026 20:54 |
| Status | New |
| Announcement Sub Title | Cessation of Non-Executive and Non-Independent Director |
| Announcement Reference | SG260428OTHRWNS8 |
| Submitted By (Co./ Ind. Name) | Chang Cheng-Hsing Francis |
| Designation | Group CEO & Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Non-Executive and Non-Independent Director - Mr Khoo Kar Khoon |
| Additional Details | |
| Name of person | Khoo Kar Khoon |
| Age | 61 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date. | 28/04/2026 |
| Detailed reason(s) for cessation | Mr Khoo Kar Khoon ("Mr Khoo") has decided not to seek re-election at the Annual General Meeting ("AGM") held on 28 April 2026. Mr Khoo was re-designated from Independent Director to a Non-Executive and Non-Independent Director with effect from 1 September 2025, when he assumed the position of Executive Director, CEO Malaysia in Media Chinese International Limited, in which the controlling shareholders of the Company and their associates also hold a controlling interest. His decision not to seek re-election is so as to allow him to devote more time in the future to his full-time responsibilities. Mr Khoo's decision is in line with the Board's commitment to good corporate governance, as the independent directors make up the majority of the Board (taking into account Mr Khoo's cessation). Accordingly, Mr Khoo has retired as Non-Executive and Non-Independent Director at the conclusion of the AGM, pursuant to Regulation 94 of the Company's Constitution, and has concurrently ceased as a member of the Audit and Risk Committee. |
| 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 | 08/02/2023 |
| Job title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive and Non-Independent Director and a member of the Audit and Risk Committee of the Company |
| Role and responsibilities | Non-Executive |
| 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) | 4 |
| Do independent directors make up at least one-third of the board (taking into account this cessation)? | Yes |
| Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 1 |
| Shareholding interest in the listed issuer and its subsidiaries | No |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil. |
| Other Directorships Past (for the last 5 years) |
1. Independent Non-Executive Director of Media Chinese International Limited; 2. Chairman of the Nomination Committee and member of the Audit and Remuneration Committees, Media Chinese International Limited. Other Principal Commitments: Senior Advisor, Ekuiti Nasional Berhad (Ekuinas) |
| Present | Directorship: Executive Director, CEO Malaysia in Media Chinese International Limited Other Principal Commitments: Nil |