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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Feb 4, 2025 17:46 |
| Status | New |
| Announcement Sub Title | Resignation of Senior Vice President |
| Announcement Reference | SG250204OTHR8B4P |
| Submitted By (Co./ Ind. Name) | Michelle Heng |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Senior Vice President |
| Additional Details | |
| Name Of Person | Cham Soon Kian |
| Age | 57 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 28/02/2025 |
| Detailed Reason (s) for cessation | To pursue other opportunities. The Board wishes to record its appreciation to Mr Cham for his service and contributions since he joined the Stamford Tyres Group in 1991. |
| 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 | 01/05/2022 |
| 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) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Senior Vice President - Head of South Africa Operations |
| Role and responsibilities | Responsible for overseeing the operations in South Africa under Stamford Tyres (Africa) (Pty) Limited, a wholly-owned subsidiary of the Company. The CEO will oversee the operations of the Group in South Africa. |
| 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? | Yes |
| Shareholding Details | 50,000 ordinary shares in Stamford Tyres Corporation Limited |
| Past (for the last 5 years) | N.A. |
| Present | Stamford Tyres (M) Sdn Bhd STC Tyres (Malaysia) Sdn Bhd STC Tyre Mart Sdn Bhd SR Industries Sdn Bhd Stamford Tyres (Africa) (Pty) Ltd |