| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 14, 2025 17:19 |
| Status | New |
| Announcement Sub Title | RETIREMENT OF CEO AND DIRECTOR OF THE COMPANY, AND AS CHAIRMAN, CEO AND DIRECTOR OF RWS |
| Announcement Reference | SG250514OTHRDT28 |
| Submitted By (Co./ Ind. Name) | Liew Lan Hing |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mr Tan Hee Teck as Chief Executive Officer ("CEO") and Director of the Company, and as Chairman, CEO and Director of Resorts World at Sentosa Pte. Ltd. ("RWS") |
| Additional Details | |
| Name Of Person | Tan Hee Teck |
| Age | 69 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/05/2025 |
| Detailed Reason (s) for cessation | Mr Tan Hee Teck has made a personal decision to retire from his roles as CEO and Director of the Company, as well as from his positions as Chairman, CEO and Director of RWS, a wholly-owned subsidiary of the Company. The Board respects Mr Tan's decision and would like to express their appreciation to Mr Tan for his invaluable contributions and guidance to the Board and the Company during his tenure. |
| 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 | 01/05/2022 |
| 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 | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | CEO and Director of the Company, and Chairman, CEO and Director of RWS |
| Role and responsibilities | Mr Tan is responsible for executing the Board's approved strategies, manages and develops GENS's businesses, and provides leadership to the management team of the Group to ensure effective day-to-day operational performance and organisational excellence. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 20,005,000 (direct) 9,600 (deemed) 2,990,000 (performance shares) |
| Past (for the last 5 years) | Other appointments: 1. Singapore National Employers Federation (SNEF) - Vice President and Honorary Secretary 2. Sea Research Foundation, Inc. - Trustee 3. Hotel Transformation Steering Committee for the Hotel Industry - Member 4. Leukemia & Lymphoma Foundation - President 5. Singapore Hotel Association - Board Member and Honorary Secretary 6. Ministry of Defence, Singapore - Advisory Council on Community Relations in Defence (ACCORD) - Member of Main Council and Member of Employer and Business Council 7. Responsible Gambling Forum - Member (Industry) 8. ASEAN Confederation of Employers (ACE) - President |
| Present | Directorships: 1. Resorts World at Sentosa Pte. Ltd. - Chairman and Chief Executive Officer 2. Genting International Gaming & Resort Technologies Pte. Ltd. 3. Genting International Management Pte. Ltd. 4. Grand Knight International Pte. Ltd. 5. Greenfield Resources Capital Pte. Ltd. 6. Legold Pte. Ltd. 7. RWS Management Services Pte. Ltd. 8. StarEagle Holdings Pte. Ltd. 9. Tufnell Capital Pte. Ltd. 10. Anext Bank Pte. Ltd. - Lead Independent Director Other appointments: 1. Leukemia & Lymphoma Foundation - Vice President (Fundraising & Events), Governing Committee; Chairperson, Fundraising Subcommittee; and Chairperson, Appointment & Nominations Subcommittee 2. Singapore National Employers Federation (SNEF) - Council Member and President 3. Central Provident Fund Board - Board Member and Chairman of Risk Management Committee and a Member of Staff Committee 4. National Wages Council (NWC) - Member |