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| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Cessation of Executive Director |
| Securities | GALLANT VENTURE LTD. (GALLANT VENTURE) |
| Date & Time of Broadcast | Jun 26, 2020 17:33 |
| Submitted By | Choo Kok Kiong Executive Director and Company Secretary |
| Description | Cessation of Executive Director. |
| Cessation Details | |
| Name of person | Jusak Kertowidjojo |
| Age | 63 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Jun 26, 2020 |
| Detailed reason(s) for cessation | Mr Jusak Kertowidjojo will not seek for re-selection as a Director at the Annual General Meeting of the Company to be held on 26 June 2020. |
| 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 | Apr 30, 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 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 | 0 |
| Job Title | Executive Director |
| Role and responsibilities | Mr Jusak Kertowidjojo is responsible for the overall management of IMAS Group. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | No |
| Shareholdings interest in the listed issuer and its subsidaries? | No |
| Other directorships | |
| Past (for the last 5 years) | None |
| Present | 1. Subsidiaries of IMAS Group 2. Several private enterprises in Indonesia |