ES : Retirement Of An Independent Non-executive Director - Ms Tan Swee Ling

CHANGE - ANNOUNCEMENT OF CESSATION::RETIREMENT OF AN INDEPENDENT NON-EXECUTIVE DIRECTOR - MS TAN SWEE LING

Issuer & Securities

Issuer/ Manager

ES GROUP (HOLDINGS) LIMITED

Securities

ES GROUP (HOLDINGS) LIMITED - SG2B91959363 - 5RC

Stapled Security

No

Announcement Details

Announcement Title

Change - Announcement of Cessation

Date &Time of Broadcast

03- Jun-2020 20:39:43

Status

New

Announcement Sub Title

RETIREMENT OF AN INDEPENDENT NON-EXECUTIVE DIRECTOR - MS TAN SWEE LING

Announcement Reference

SG200603OTHRTRW2

Submitted By (Co./ Ind. Name)

Adrian Chan Pengee

Designation

Company Secretary

Description (Please provide a detailed description of the event in the box below)

Announcement of Retirement of Ms Tan Swee Ling as an Independent Non-Executive Director of the Company.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone [phone].

Additional Details

Name Of Person

Tan Swee Ling

Age

52

Is effective date of cessation known?

Yes

If yes, please provide the date

05/06/2020

Detailed Reason (s) for cessation

Ms Tan Swee Ling ("Ms Tan") is subject to retirement pursuant to Article 98 of the Company's Constitution and although eligible, did not offer herself for re-election as an Independent Non- Executive Director of the Company at the Company's forthcoming Annual General Meeting to be held by way of electronic means on 5 June 2020 ("AGM"). Ms Tan has served on the Board of the Company for more than nine (9) years. As such, for purpose of renewal of the Board of the Company, Ms Tan has decided not to seek re-election at the forthcoming AGM.

Accordingly, Ms Tan will retire as an Independent Non-Executive Director of the Company at the conclusion of the forthcoming AGM. Upon her retirement, she will also cease to be the Chairman of the Audit and Risk Committee, as well as the Remuneration and Compensation Committee, and a member of the Nominating Committee of the Company.

After having interviewed Ms Tan and to the best of its knowledge, the Company's Sponsor, ZICO Capital Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Ms Tan as an Independent Non- Executive Director of the Company.

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

08/06/2010

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)

1

Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months

1

Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)

Independent Non-Executive Director

Audit and Risk Committee Chairman

Remuneration and Compensation Committee

Chairman

Nominating Committee Member

Role and responsibilities

Assumed the roles and responsibilities of the Independent Non-Executive Director, Chairman of the Audit and Risk Committee, as well as the Remuneration and Compensation Committee, and a member of the Nominating Committee

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?

No

Past (for the last 5 years)

Nil

Present

Want Want Holdings Ltd

Want Want Food Pte Ltd

Wellstand Singapore Pte Ltd