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Change - Announcement Of Resignation Of Chief Financial Officer
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Oct 24, 2018
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Oct 24, 2018 17:17 |
| Status | New |
| Announcement Sub Title | Resignation of Chief Financial Officer |
| Announcement Reference | SG181024OTHRXS5L |
| Submitted By (Co./ Ind. Name) | Saito Hiroyuki |
| Designation | Executive Chairman / Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, SAC Capital Private Limited ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this press release, 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 | Tan Sze Leng |
| Age | 44 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 24/10/2018 |
| Detailed Reason (s) for cessation | To pursue other career opportunities. SAC Capital Private Limited, after having interviewed Mr. Tan Sze Leng, is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Mr. Tan Sze Leng. |
| 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? | Yes |
| If Yes, Please provide full details | There are no concerns with regards to the Group's financial reporting and there have not been disagreements with regards to practices that would have an impact on the Group's financial reporting. The Group is in the midst of identifying a suitable candidate as replacement for the role of Mr. Tan Sze Leng. |
| Date of Appointment to current position | 14/06/2018 |
| 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 | 5 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Financial Officer |
| Role and responsibilities | Responsible for all financial matters within the Group including financial reporting, financial planning, business development and corporate secretarial aspects. |
| 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? | No |
| Past (for the last 5 years) | May 2014 - Aug 2014: Independent Director, Foreland Fabrictech Holdings Ltd |
| Present | None |