| Announcement Title |
Change - Announcement of Cessation |
| Date & Time of Broadcast |
Sep 23, 2025 22:33 |
| Status |
New |
| Announcement Sub Title |
Cessation of Chairman and Non-Executive Non-Independent Director |
| Announcement Reference |
SG250923OTHR96CC |
| Submitted By (Co./ Ind. Name) |
Lee Pih Peng |
| Designation |
Company Secretary |
| Description (Please provide a detailed description of the event in the box below) |
Cessation of Ms Tan Siok Chin from her position as Chairman and Non-Executive Non-Independent Director of CosmoSteel Holdings Limited ("Company"). |
| Additional Details |
| Name Of Person |
Tan Siok Chin |
| Age |
55 |
| Is effective date of cessation known? |
Yes |
| If yes, please provide the date |
23/09/2025 |
| Detailed Reason (s) for cessation |
Ms Tan Siok Chin ("Ms Tan") has resigned from her position as Chairman and Non-Executive Non-Independent Director of the Company with effect from 23 September 2025 in view of the delisting and privatization of the Company. Ms Tan has been with the Company since 28 March 2007.
Ms Tan has confirmed that save as aforesaid, there are no other material reasons for her resignation and there are no concerns with regards to financial reporting of the Group that led to her resignation and there are no disagreements between Ms Tan and the Board of Directors of the Company that will have an impact on the Company s financial reporting.
|
| 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 |
24/08/2020 |
| 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) |
0 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months |
9 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) |
Chairman and Non-Executive Non-Independent Director
Audit Committee Member |
| Role and responsibilities |
To perform the functions of a Chairman, a Non-Executive Non-Independent Director and an Audit Committee Member |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries |
No |
| Shareholding interest in the listed issuer and its subsidiaries? |
No |
| Past (for the last 5 years) |
Independent Director, Valuetronics Holdings Limited |
| Present |
1. Independent Director, Vibrant Group Limited
2. Director, ACIES Law Corporation |
