News
Change - Announcement Of Cessation Of Chief Financial Officer
BackMay 19, 2021
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 19, 2021 19:01 |
| Status | New |
| Announcement Sub Title | ANNOUNCEMENT OF CESSATION OF CHIEF FINANCIAL OFFICER |
| Announcement Reference | SG210519OTHRM3BT |
| Submitted By (Co./ Ind. Name) | Ng Kian Ann Patrick |
| Designation | Executive Director and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | 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 Mr Joseph Au, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg. |
| Additional Details | |
| Name Of Person | KAREN JI CUIHUA ("Ms Karen Ji") |
| Age | 44 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 21/07/2021 |
| Detailed Reason (s) for cessation | Due to personal health matters. Ms Karen Ji is serving her notice period up to 21 July 2021. The Board would like to extend its gratitude and appreciation to Ms Karen Ji for her invaluable contributions to the Company during her tenure of service. After having interviewed Ms Karen Ji 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 Karen Ji, as the Chief Financial Officer of the Company. In addition, there are no concerns with regards to financial reporting that led to the cessation of Ms Karen Ji, and there are no disagreements between Ms Karen Ji and the Company's Board of Directors 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? | Yes |
| If Yes, Please provide full details | The Company is looking for suitable candidates to replace Ms Karen Ji as Chief Financial Officer of the Company, and will make the necessary announcements to update shareholders on the new appointment in due course. |
| Date of Appointment to current position | 06/05/2016 |
| 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 | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | CHIEF FINANCIAL OFFICER |
| Role and responsibilities | Ms Karen Ji is responsible for the Group's regulatory compliance and financial functions including accounting, financial reporting, taxation and treasury management, mergers and acquisition, internal controls and risk management. |
| 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 | 50,000 ordinary shares - 0.03% |
| Past (for the last 5 years) | NIL |
| Present | NIL |