| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Feb 26, 2025 22:30 |
| Status | New |
| Announcement Sub Title | Resignation of Ms. Wan Poh Cheng, Madeline (Yin Baozhen, Madeline) as Key Management Personnel |
| Announcement Reference | SG250226OTHRNV3M |
| Submitted By (Co./ Ind. Name) | Sim Yong Siang |
| Designation | Founding Chairman |
| Description (Please provide a detailed description of the event in the box below) | The Board of Directors wishes to announce that Ms. Wan Poh Cheng, Madeline (Yin Baozhen, Madeline) ("Madeline Wan") will be stepping down from her position as Group Managing Director of the Greater China and Japan businesses for HRnetOne, with effect from 28 February 2025. The Company deeply appreciates Ms. Madeline Wan's significant contributions and leadership over the years. Please refer to the announcement details below. |
| Additional Details | |
| Name Of Person | Wan Poh Cheng, Madeline (Yin Baozhen, Madeline) |
| Age | 53 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 28/02/2025 |
| Detailed Reason (s) for cessation | The Nominating Committee was informed of Ms. Wan Poh Cheng, Madeline (Yin Baozhen, Madeline)'s ("Madeline Wan") resignation on 28 February 2025. The Nominating Committee, is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the cessation of Ms. Madeline Wan as Group Managing Director of the Greater China and Japan businesses for HRnetOne. |
| 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 | 01/07/2010 |
| 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 | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Group Managing Director of the Greater China and Japan businesses for HRnetOne |
| Role and responsibilities | Leading a team of over 110 people and oversee the growth of HRnetOne Greater China and Japan (GCJP) across Shanghai, Beijing, Taiwan, Guangzhou, Hong Kong, Japan, and Shenzhen. To drive strategic expansion, operational excellence and business performance to ensure GCJP achieves its growth objectives and mission. |
| 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 | As of date of announcement (26 February 2025): 370,068 shares (0.04%) in HRnetGroup Limited. Shareholding in respective subsidiaries: 50,000 shares (10.00%) in HRnet One (Taiwan) Pte Ltd; 67 shares (5.08%) in HRnet One K.K.; 168,000 shares (3.50%) in HRSH SPV Limited. Economic interest in respective subsidiaries: 3.50% in HRnet One (Shanghai) Limited; 8.00% in HRnet One (Beijing) Limited; 8.00% in HRnet One (Guangzhou) Limited; 10.00% in HRnet One (Shenzhen) Limited. |
| Past (for the last 5 years) | No |
| Present | No |