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Change - Announcement Of Cessation As Managing Director

BackApr 29, 2016
Announcement Title Change - Announcement of Cessation
Announcement Subtitle Cessation as Managing Director
Securities SOUP RESTAURANT GROUP LIMITED (SOUPREST)
Date & Time of Broadcast Apr 29, 2016 10:54
Submitted By Chong In Bee
Company Secretary
Description Please see below.
Cessation Details
Name of person Mok Yip Peng
Age 61
Is effective date of cessation known? Yes
Effective date for cessation May 1, 2016
Detailed reason(s) for cessation Due to Mr Mok Yip Peng's decision to retire, the Company and Mr Mok have mutually agreed not to renew his service agreement, dated 1 May 2013, entered into between the Company and Mr Mok, upon its expiry on 30 April 2016. Mr Mok will concurrently resign from the Board of Directors of the Company and the subsidiaries of the Group.
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 Jul 20, 1991
Does the AC have a minimum of 3 members (taking into account this cessation)? Yes
Number of independent directors currently resident in Singapore (taking this 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 Managing Director and a member of Nominating Committee.
Role and responsibilities Responsible for the management and strategic planning of the Group and oversees the operations of the food and beverages outlets.
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries Nil
Shareholdings interest in the listed issuer and its subsidaries? Yes
Shareholding Details Direct Interest: 66,008,400 Ordinary Shares
Other directorships
Past (for the last 5 years) Sure Food Pte. Ltd.
Present Soup Restaurant Group Limited
Soup Restaurant Singapore Pte. Ltd.
CAFE O Singapore Pte. Ltd.
POTLUCK F&B Singapore Pte. Ltd.
Soup Restaurant Investments Pte. Ltd.