Annual Report

Change - Announcement Of Cessation Of Ms. Wu Joey As Group Financial Controller

BackMay 17, 2024
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast May 17, 2024 17:28
Status New
Announcement Sub Title Cessation of Ms. Wu Joey as Group Financial Controller
Announcement Reference SG240517OTHRH0FT
Submitted By (Co./ Ind. Name) Dato Dr Choo Yeow Ming
Designation Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below) Cessation of Group Financial Controller of the Company.

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 announcement.

The contact person for the Sponsor is Ms. Lim Hui Ling, 16 Collyer Quay #10-00 Collyer Quay Centre Singapore 049318,
Additional Details
Name Of Person Wu Joey
Age 61
Is effective date of cessation known? Yes
If yes, please provide the date 31/05/2024
Detailed Reason (s) for cessation Ms. Wu Joey's ("Ms. Wu") departure from the Company is part of the Company's efforts to streamline its operations. Ms. Wu is currently serving her notice period and her last day of employment with the Company is on 31 May 2024. Ms. Wu's roles and responsibilities will be taken over by Mr. Lee Keng Mun ("Mr. Lee"), the Chief Operating Officer of the Company. Given the current scale of the Company's operations, the Board of Directors of the Company is of the view that Mr. Lee is capable of managing these responsibilities effectively, ensuring continued financial and operational stability of the Group.

After having interviewed with Ms. Wu 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. Wu as the Group Financial Controller of the Company.

In addition, there are no concerns with regards to financial reporting that lead to the cessation of Ms. Wu and there are no disagreement between Ms. Wu 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 01/12/2016
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) 2
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.) Group Financial Controller
Role and responsibilities Ms. Wu is responsible for the financial and accounting matters, internal control, corporate governance, treasury, corporate finance and taxation.
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) Nil
Present Nil