Change - Announcement Of Stepping Down Of Non-Independent And Non-Executive Director

BackJan 02, 2024
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Jan 2, 2024 17:47
Status New
Announcement Reference SG240102OTHRY8L9
Submitted By (Co./ Ind. Name) Mr Yet Kum Meng
Designation Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below) Stepping Down of Mr. Brian Riady as a Non-Independent and Non-Executive Director.

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms. Foo Jien Jieng, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318,
Additional Details
Name Of Person Brian Riady
Age 33
Is effective date of cessation known? Yes
If yes, please provide the date 02/01/2024
Detailed Reason (s) for cessation Mr. Brian Riady ("Mr. Brian") is stepping down as a Non-Independent and Non-Executive Director of OUE Healthcare Limited (the "Company") with effect from 2 January 2024 to assume other responsibilities within the OUE Group. Mr. Abram Melkyzedeck Suhardiman will be appointed as Non-Independent and Non-Executive Director of the Company in his place.

To the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the stepping down of Mr. Brian as a Non-Independent and Non-Executive Director of the Company.
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 28/03/2022
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) 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.) Non-Independent and Non-Executive Director of the Company
Role and responsibilities The role and responsibilities as a Non-Independent and Non-Executive Director of the Company
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Mr Brian Riady is the son of Dr Stephen Riady and nephew of Mr James Tjahaja Riady, both are substantial shareholders of the Company.
Shareholding interest in the listed issuer and its subsidiaries? No
Past (for the last 5 years) 1. Beringia Singapore Pte. Ltd. (Director) - struck off
2. Clovis Singapore Pte. Ltd. (Director) - struck off
3. Gainmate Hong Kong Limited (Director) - deregistered
4. Meritus Hotels & Resorts Limited (Director) - deregistered
5. OUE Skyspace Holdings Corp. (Director and President) - dissolved
6. Plainfield Creek Pte. Ltd. (Director) - struck off
7. PT MHPL Indonesia (Commissioner) - liquidated and dissolved
8. Silver Tail Pte. Ltd. (Director) - struck off
Present 1. All Around Holdings Limited (Director)
2. CBX Pte. Ltd. (Director)
3. Chatterbox Pte. Ltd. (Director)
4. Chenexpress Pte. Ltd. (Director)
5. Cuisine Continental Group (HK) Ltd (Director)
6. Cuisine Continental (HK) Limited (Director)
7. Cuisine Creations Pte. Ltd. (Director)
8. Echo Healthcare Management Pte Ltd (Director)
9. Empire Asia Merchant Pte. Ltd. (Director)
10. Encore Dining Pte. Ltd. (Director)
11. Hongkong Chinese Limited (Executive Director)
12. LCR Catering Services Limited (Director)
13. Lippo China Resources Limited (Executive Director)
14. Lippo Limited (Executive Director)
15. Mandarin Hotel (Singapore) Private Limited (in the process of striking off) (Director)
16. Delifrance Singapore Pte. Ltd. (Director)
17. Maxx Coffee Singapore Pte. Ltd. (Director)
18. Meritus Hotels Pte. Ltd. (Director)
19. Meritus Hotels & Resorts Sdn Bhd (in the process of liquidation) (Director)
20. Meritus International Pte. Ltd (Director)
21. Oddish Ventures Pte. Ltd. (Director)
22. OUE Airport Hotel Pte. Ltd. (Director)
23. OUE Altro Pte. Ltd. (Director)
24. OUE Capital Pte. Ltd. (Director)
25. OUE Capital Management Pte. Ltd (Director)
26. OUE Commercial REIT Management Pte. Ltd. (as the manager of OUE Commercial Real Estate Investment Trust) (Non-Independent and Non-Executive Director)
27. OUE Dining Pte. Ltd. (Director)
28. OUE Hashida Pte. Ltd. (Director)
29. OUE International Holdings Pte. Ltd. (in the process of striking off) (Director)
30. OUE Limited (Deputy Chief Executive Officer and Non-Independent executive Director)
31. RD Hotel Holdings Pte. Ltd. (formerly known as RD Digital Holdings Pte. Ltd. ) (Director)
32. OUE Rempapa Pte. Ltd. (Director)
33. OUE Restaurants Pte. Ltd. (Director)
34. OUE Trademarks Pte. Ltd. (Director)
35. OUE Treasury Pte. Ltd. (Director)
36. OUE USA Services Corp. (President and Chief Executive Officer)
37. PT Cinemaxx Global Pasifik (Commissioner)
38. Shisen Hanten Restaurant Pte. Ltd. (Director)
39. Singapore Mandarin International Hotels Pte Ltd (Director)
40. Singapore Meritus International Hotels Pte Ltd (Director)
41. Superfood Retail Limited (Director)
42. Takayama Restaurant Pte. Ltd (Director)