News
Change - Announcement Of Cessation Of Chief Financial Officer
BackJul 18, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 18, 2025 17:33 |
| Status | New |
| Announcement Sub Title | Announcement of Cessation of Chief Financial Officer |
| Announcement Reference | SG250718OTHRW19D |
| 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 Ms. Ng Shi Qing, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg . |
| Additional Details | |
| Name Of Person | Tan Siew Hee ("Mr Tan") |
| Age | 53 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 19/08/2025 |
| Detailed Reason (s) for cessation | Mr Tan tendered his resignation on 20/5/2025 to pursue other opportunities and personal interests. He is currently serving his three (3) month notice period. The Board would like to extend its gratitude and appreciation to Mr Tan for his invaluable contributions to the Company during his tenure of services. After having interviewed Mr Tan 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 Mr Tan 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 Mr Tan, and there are no disagreements between Mr Tan and the Company's Board of Directors with regards to the 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 | 14/11/2023 |
| 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) | 4 |
| 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.) | Chief Financial Officer |
| Role and responsibilities | Mr Tan is responsible for the Group's regulatory compliance and overseeing finance and accounting functions of the Group. |
| 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 |