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Change - Announcement Of Resignation Of Chief Financial Officer
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 10, 2023 19:06 |
| Status | New |
| Announcement Sub Title | RESIGNATION OF CHIEF FINANCIAL OFFICER |
| Announcement Reference | SG230110OTHR7RG8 |
| Submitted By (Co./ Ind. Name) | CHIN MEI YANG |
| Designation | CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been reviewed by the Company's sponsor ("Sponsor"), SAC Capital Private Limited. This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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. Charmian Lim (Telephone no. 65-6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. |
| Additional Details | |
| Name Of Person | Michelle Li Ying |
| Age | 48 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/01/2023 |
| Detailed Reason (s) for cessation | To pursue other career opportunities. SAC Capital Private Limited, after having interviewed Ms Michelle Li Ying ("Ms Li"), is satisfied that, save as disclosed in the announcement, there are no material reasons for the resignation of Ms Li as Chief Financial Officer. There are no concerns with regards to financial reporting that led to the cessation of Ms Li and there are no disagreements between Ms Li and the Board of Directors of the Company with regards to practices that would have an impact to the Group's financial reporting. |
| 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 | 01/10/2015 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Financial Officer |
| Role and responsibilities | Ms Michelle Li Ying is responsible for the Group's internal controls, financial and accounting functions. |
| 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? | Yes |
| Shareholding Details | 5,000 shares |
| Past (for the last 5 years) | Nil |
| Present | Eazable Pte. Ltd. Shenway Pte. Ltd. Shenway Assets Pte. Ltd. Shenway Asset Management Pte. Ltd. |