News
Change - Announcement Of Resignation Of Financial Controller
BackJul 12, 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 12, 2023 20:11 |
| Status | New |
| Announcement Sub Title | Resignation of Financial Controller |
| Announcement Reference | SG230712OTHRQBKV |
| Submitted By (Co./ Ind. Name) | Maureen Low |
| Designation | Company Secretary |
| Effective Date and Time of the event | 27/07/2023 00:00:00 |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Financial Controller 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 Audrey Mok (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. |
| Additional Details | |
| Name Of Person | Lim Lay Khim |
| Age | 53 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 27/07/2023 |
| Detailed Reason (s) for cessation | Ms Lim Lay Khim has resigned due to family commitments. Ms Lim Lay Khim has confirmed that there are no concerns with regard to financial reporting that led to her resignation and there are no disagreements with regard to practices that will have an impact on the Group's financial reporting. The Company's Sponsor after having interviewed Ms Lim Lay Khim, is satisfied that, save as disclosed in this announcement, there are no material reasons relating to her resignation as the Financial Controller of the Company. The Company is in the process of appointing a Chief Financial Officer who will be assuming the Financial Controller's roles and responsibilities. A detailed announcement pursuant to Rule 704(6) of the Catalist Rules containing the particulars of the newly appointed Chief Financial Officer will be released separately via SGXNet in due course. |
| 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 | 03/05/2016 |
| 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 | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Financial Controller |
| Role and responsibilities | Responsible for the Group's financial reporting and accounting matters, provides oversight of the Group's internal controls, taxation, treasury and its compliance with regulatory requirements. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | N.A. |
| Present | N.A. |