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Change - Announcement Of Resignation Of Financial Controller
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Jun 23, 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jun 23, 2023 17:22 |
| Status | New |
| Announcement Sub Title | RESIGNATION OF FINANCIAL CONTROLLER |
| Announcement Reference | SG230623OTHR7VYO |
| Submitted By (Co./ Ind. Name) | Mark Leong Kei Wei |
| Designation | Executive Chairman |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Ms Lee Khai Yinn (Tel: (65) 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. |
| Additional Details | |
| Name Of Person | Thng Tien Lung |
| Age | 52 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/07/2023 |
| Detailed Reason (s) for cessation | Mr. Thng Tien Lung ("Mr. Thng") will step down as the Financial Controller ("FC") of the Group to pursue other career opportunities. Mr. Thng is currently serving his notice period, and his last day of employment with the Company will be 31 July 2023. Mr. Thng has confirmed that there are no concerns with regard to financial reporting that led to his resignation and there are no disagreements with regard to practices that will have an impact on the Group's financial reporting. The Sponsor, after having interview Mr. Thng, is satisfied that, save as disclosed in this announcement, there are no material reasons for the resignation of Mr. Thng. The Company has found a replacement for the position of FC and a detailed announcement pursuant to Rule 704(6) of the Catalist Rules containing the particulars of the newly appointed FC has been released separately via the SGXNet on 23 June 2023. During this interim period, Mr. Thng will be providing assistance to his replacement to ensure a smooth handover and transition of his duties and responsibilities. The Board would like to extend its gratitude and appreciation to Mr. Thng for his invaluable contributions to the Company during his tenure of service. |
| 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 | 24/12/2021 |
| 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 | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Financial Controller |
| Role and responsibilities | Executive. Mr. Thng is responsible for the Group's accounting, financial and investor relations matters. |
| 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? | No |
| Past (for the last 5 years) | Energy Prima Pte. Ltd. RPG Trading Pte. Ltd. RPG Logistics Pte. Ltd. |
| Present | Premium Gate Holdings Pte. Ltd. |