| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 16, 2024 19:02 |
| Status | New |
| Announcement Sub Title | Retirement of Chief Executive Officer and Executive Director |
| Announcement Reference | SG240716OTHRR6E7 |
| Submitted By (Co./ Ind. Name) | Soh Siak Poh Benedict |
| Designation | Executive Chairman |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Chief Executive Officer and Executive Director |
| Additional Details | |
| Name Of Person | Cheng Oon Teck |
| Age | 61 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/12/2024 |
| Detailed Reason (s) for cessation | Mr Cheng Oon Teck ("Mr Cheng") will retire as Chief Executive Officer and Executive Director of Kingsmen Creatives Ltd. with effect from 31 December 2024. |
| 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 | 01/07/2016 |
| 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 | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Executive Officer and Executive Director |
| Role and responsibilities | Mr Cheng oversees the Group's day-to-day management, as well as its corporate affairs, business development and strategic planning functions. |
| 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? | Yes |
| Shareholding Details | Direct interest - 1,664,960 ordinary shares in Kingsmen Creatives Ltd. |
| Past (for the last 5 years) | Directorship: - Kingsmen Taiwan International Co. Limited |
| Present | Directorships: - Kingsmen Ventures Pte Ltd - NAX Company Pte Ltd - NAX Singapore Pte Ltd - Kingsmen Xperience, Inc - Kingsmen (North Asia) Limited - Kingsmen-Nassal Kabushiki Kaisha - Hi-Light Electrical Pte Ltd - Thinkfarm Pte Ltd - Ascend Com Pte Ltd |