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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 10, 2025 17:26 |
| Status | New |
| Announcement Sub Title | Resignation of Senior Vice President |
| Announcement Reference | SG250310OTHRL3ZK |
| 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 | Colin Choo Nee Ann |
| Age | 53 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/04/2025 |
| Detailed Reason (s) for cessation | To pursue other opportunities. The Board wishes to record its appreciation to Mr Choo for his service and many contributions since he joined the Stamford Tyres Group in 2002. |
| 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 | 23/05/2014 |
| 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 | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Senior Vice President |
| Role and responsibilities | Responsible for overseeing the Group's wheel manufacturing operations in Thailand under Stamford Sport Wheels Company Limited, a wholly-owned subsidiary of the Company. The responsibilities undertaken by Mr Choo will be assumed by existing senior project teams with oversight by the CEO. |
| 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) | NA |
| Present | Stamford Tires Distributor Co., Ltd. Stamford Sport Wheels Company Ltd Falken Tyre India Private Limited |