| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Nov 15, 2023 17:22 |
| Status | New |
| Announcement Sub Title | Cessation of Chief Financial Officer |
| Announcement Reference | SG231115OTHRGQUA |
| Submitted By (Co./ Ind. Name) | Yeo Kan Yen |
| Designation | Independent Non-Executive Chairman |
| Description (Please provide a detailed description of the event in the box below) |
Cessation of Chief Financial Officer This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document. The contact person for the Sponsor is Ms Foo Jien Jieng, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg. |
| Additional Details | |
| Name Of Person | Ng Hwee Ling |
| Age | 50 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/11/2023 |
| Detailed Reason (s) for cessation |
Ms. Ng Hwee Ling ("Ms. Ng") has been with the Company for more than twenty years and with the recent change of core business, she feels that it is timely for her to step down at this juncture to explore new career opportunities. After having interviewed Ms. Ng and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd. is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Ms. Ng as the Chief Financial Officer. In addition, there are no concerns with regards to financial reporting that led to the cessation of Ms. Ng and there are no disagreements between Ms. Ng and the Board of Directors of the Company with regards to practices that will have an impact on the Company'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 | 01/07/2004 |
| 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) | 1 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 4 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Financial Officer |
| Role and responsibilities | Ms. Ng is responsible for overseeing the Group's financial and management accounting, payroll matters and compliance with regulatory requirements. |
| 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 | 408,000 shares |
| Past (for the last 5 years) |
- E-Motive (Asia) Pte. Ltd. - Romulus Holdings Pte. Ltd. - Auston Technology Group Pte. Ltd. - TLG Properties Pte. Ltd. |
| Present | Nil |