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Change - Announcement Of Retirement Of Senior Managing Director
BackJul 01, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 1, 2025 21:06 |
| Status | New |
| Announcement Sub Title | Retirement of Senior Managing Director |
| Announcement Reference | SG250701OTHRFWI4 |
| Submitted By (Co./ Ind. Name) | Lim Kai Ching |
| Designation | Executive Director |
| Effective Date and Time of the event | 30/06/2025 17:00:00 |
| Description (Please provide a detailed description of the event in the box below) | Mr. Matthew Yuen Wai Keung retired on 30 June 2025 and accordingly, relinquished his position as Senior Managing Director and Head of Shipping. |
| Additional Details | |
| Name Of Person | Matthew Yuen Wai Keung |
| Age | 61 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/06/2025 |
| Detailed Reason (s) for cessation | Retirement |
| 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 | 01/03/2024 |
| 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 | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Senior Managing Director Head of Shipping |
| Role and responsibilities | Area of responsibilities include overseeing the Group's shipping business. |
| 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 | 27,562 ordinary shares of the company. |
| Past (for the last 5 years) | - Uni-Asia Shipping Limited - Hope Bulkship S.A. - Imperial Bulkship S.A. - Jade Bulkship S.A. - Karat Bulkship S.A. - Jubilee Bulkship S.A. - Mable Bulkship S.A. - Nora Bulkship S.A. - Regina Bulkship S.A. - Joule Asset Management (Pte.) Limited - Fulgida Bulkship S.A. - Matin Shipping Lmited - Olive Bulkship S.A. - Polaris Bulkship S.A. - Quest Bulkship S.A. - Stella Bulkship S.A. - Tiara Bulkship S.A. - Victoria Bulkship S.A. - Unicorn Bulkship S.A. - Uni Ships and Management Limited. - Wealth Ocean Ship Management (Shanghai) Co., Ltd. - Rich Containership S.A. - Prosperity Containership S.A. - Florida Containership S.A. - Fortuna Containership S.A. |
| Present | Nil |