The Board of Directors of Sakae Holdings Ltd. (the 'Company' and together with its subsidiaries, the 'Group') would like to announce the cessation of Ms. Gladys Lim Cheng Leng ('Ms. Lim') as Managing Director - Nouvelle Events & Catering of the Company with effect from 31st December 2019.

The detailed template announcement pursuant to Rule 704(7) of the Listing Manual of the Singapore Exchange Securities Trading Limited containing the particulars of Ms. Lim are set out below.

The Company would like to express its sincere thanks to Ms. Lim and wishes her well for her future endeavours.

It is noted that the Company has not been able to obtain Ms. Lim's confirmation on the contents of this announcement and accordingly the Company has prepared this announcement based on information available to the Company. If necessary, the Company will release a follow-up announcement upon receipt of Ms. Lim's confirmation.

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Sakae Holdings Ltd. published this content on 02 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 January 2020 23:46:02 UTC