| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 31, 2024 17:17 |
| Status | New |
| Announcement Sub Title | Retirement of Executive Director |
| Announcement Reference | SG240531OTHRRMVL |
| Submitted By (Co./ Ind. Name) | Lim Kai Ching |
| Designation | Group CFO |
| Effective Date and Time of the event | 31/05/2024 17:00:00 |
| Description (Please provide a detailed description of the event in the box below) | Mr. Yukihiro Toda will retire and relinquish his roles as Executive Director of the Group as well as President of wholly-owned subsidiary Uni-Asia Capital (Japan) Ltd ("UACJ") and will remain as a full time adviser to UACJ. |
| Additional Details | |
| Name Of Person | Yukihiro Toda |
| Age | 61 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/05/2024 |
| Detailed Reason (s) for cessation | Following the expiration of his Service Agreement, Mr. Yukihiro Toda will retire and relinquish his roles as Executive Director of the Group as well as President of wholly-owned subsidiary Uni-Asia Capital (Japan) Ltd ("UACJ") and will remain as a full time adviser to UACJ as part of the succession plan of the Group. Mr. Yukihiro Toda will hand over the position of President of UACJ to his successor, Mr. Takeshi Iritono. |
| 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 | 01/03/2018 |
| 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.) | Executive Director / President of Uni-Asia Capital (Japan) Ltd |
| Role and responsibilities | As Executive Director, Mr. Toda's role includes assisting the CEO in leading the management and staff of the Group in the day-to-day running of the Group's business in accordance with the strategy as approved by the Board. As President of UACJ, Mr. Toda's role includes overseeing and the expansion of the property business of UACJ in Japan. |
| 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 | 123,105 ordinary shares of the Company |
| Past (for the last 5 years) | 1) Uni-Asia Capital (Japan) Ltd 2) Uni-Asia Holdings Limited 3) Uni-Asia Investment Ltd 4) Vista Hotel Management Co., Ltd |
| Present | - |