| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 30, 2024 17:51 |
| Status | New |
| Announcement Sub Title | Retirement of Mr Kenny Yap Kim Lee as Executive Chairman and Director |
| Announcement Reference | SG241230OTHRNHSR |
| Submitted By (Co./ Ind. Name) | Lai Chin Yee |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mr Kenny Yap as the Executive Chairman and Director |
| Additional Details | |
| Name Of Person | Kenny Yap Kim Lee |
| Age | 59 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/12/2024 |
| Detailed Reason (s) for cessation | Mr Kenny Yap is retiring as the Executive Chairman and Director of the Company on 31 December 2024. The Board of Directors expressed its gratitude and appreciation to Mr Kenny Yap for his invaluable contributions during his tenure as the Executive Chairman and Director of the Company. Following his retirement, Mr Yap Kok Cheng will assume the role of Executive Chairman from 1 January 2025 and will be redesignated as Executive Chairman & Chief Executive Officer ("CEO"). |
| 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 | 12/12/1998 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Chairman and Director |
| Role and responsibilities | As the Executive Chairman, Mr Kenny Yap is responsible for the strategic direction of the Group's business and provides the Group with strong leadership and vision. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Mr Kenny Yap is the uncle of Mr Yap Kok Cheng (CEO and Executive Director). He is also the brother of Mr Yap Ping Heng, Mr Yap Hock Huat and Mr Yap Kim Chuan (substantial shareholders of the Company), and cousin of Mr Alvin Yap Ah Seng and Mr Andy Yap Ah Siong (substantial shareholders of the Company). |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Direct interest: 7,794,600 ordinary shares in Qian Hu Corporation Limited |
| Past (for the last 5 years) | 1. Qian Hu Tat Leng Plastic Pte. Ltd. 2. Qian Hu Aquarium and Pets (M) Sdn. Bhd. 3. Qian Hu The Pet Family (M) Sdn. Bhd. 4. Qian Hu Marketing and Co Ltd 5. Thai Qian Hu Company Limited 6. NNTL (Thailand) Limited 7. P.T. Qian Hu Joe Aquatic Indonesia |
| Present | Beijing Qian Hu Aquarium and Pets Co., Ltd |