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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Nov 24, 2023 17:04 |
| Status | New |
| Announcement Sub Title | Cessation of Chief Business Officer |
| Announcement Reference | SG231124OTHRAE0I |
| Submitted By (Co./ Ind. Name) | Ler Ching Chua |
| Designation | Company Secretary |
| Effective Date and Time of the event | 01/12/2023 00:00:00 |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Chief Business Officer |
| Additional Details | |
| Name Of Person | Roy Peter Ditmarsch |
| Age | 60 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/12/2023 |
| Detailed Reason (s) for cessation | To pursue other personal interest. |
| 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 | 01/01/2021 |
| 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) | 1 |
| 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 Business Officer |
| Role and responsibilities | Mr. Ditmarsch oversees commercial and business operations, and provides strategies for business growth for the Group's global boat brands, Grand Banks, Palm Beach and Eastbay. He also leads the Group's ERP implementation. |
| 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? | No |
| Past (for the last 5 years) | Altus Financial Pty Ltd Prodim Australia Pty Ltd Altus Financial Corporate Advisory Pty Ltd Nacon Pty Ltd Aspire Strategy Management Pty Ltd NSK Oceania Pty. Ltd. Nclave Australia Pty. Limited Verandah Reserves Pty Ltd Gavi Capital Pty Ltd Blue Ox Finance Pty Ltd |
| Present | Advisory Central Pty Limited Beauty Bay Produce Pty Limited DFSF Holdings Pty Ltd Lot 50 NewBridge Road Pty. Limited Penguin Sign & Trading Co Pty Ltd Universal Management Services Pty Ltd Ozresi Pty Limited Hoth Investments Pty Ltd |