Investor Relations
News
Change - Announcement Of Resignation Of Chief Financial Officer
BackOct 04, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Oct 4, 2024 18:57 |
| Status | New |
| Announcement Sub Title | RESIGNATION OF CHIEF FINANCIAL OFFICER |
| Announcement Reference | SG241004OTHRQ4BB |
| Submitted By (Co./ Ind. Name) | Lim Say Chin |
| Designation | Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Please refer to the information below. This announcement has been reviewed by the Company's Sponsor, Evolve Capital Advisory Private Limited (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 Mr Chua Hiang Hwee Jerry, 138 Robinson Road, #13-02 Oxley Tower, Singapore 068906. |
| Additional Details | |
| Name Of Person | Cheah Lai Min |
| Age | 41 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 18/11/2024 |
| Detailed Reason (s) for cessation | Ms. Cheah Lai Min ( "Ms. Cheah") has tendered her resignation as Chief Financial Officer (CFO) of the Company, effective 19 August 2024, to pursue other career opportunities. After taking time to reconsider, Ms. Cheah reaffirmed her decision at the end of September 2024. There are no concerns with regards to financial reporting that led to the resignation of Ms. Cheah and there are no disagreements between Ms. Cheah and the Board of Directors of the Company with regards to practices that will have an impact on the Company's financial reporting. The Company's Sponsor, Evolve Capital Advisory Private Limited, having interviewed Ms. Cheah, is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Ms. Cheah as the CFO of the Company. |
| 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 | 10/07/2023 |
| 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 | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Financial Officer |
| Role and responsibilities | Responsible for the finance and accounting functions of the Group, including corporate governance, and ensuring compliance with regulations |
| 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 | 1,022,000 ordinary shares in the listed issuer |
| Past (for the last 5 years) | Nil |
| Present | Nil |