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Change - Announcement Of Cessation Of Chief Financial Officer

BackMar 29, 2019
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Mar 29, 2019 17:13
Status New
Announcement Sub Title Cessation of Chief Financial Officer
Announcement Reference SG190329OTHRHJZK
Submitted By (Co./ Ind. Name) Celine Tang
Designation Group Managing Director
Description (Please provide a detailed description of the event in the box below) Cessation of Chief Financial Officer
Additional Details
Name Of Person Gregory Sim Chee Wah
Age 50
Is effective date of cessation known? Yes
If yes, please provide the date 01/04/2019
Detailed Reason (s) for cessation Mr Gregory Sim is relinquishing his position as Chief Financial Officer of the Company as part of Singhaiyi Group's career development and succession planning for key management personnel.

Mr Sim will remain as Deputy Chief Executive Officer of the Company and he will focus more on formulation and implementation of strategies for the growth of the Company's business and investor relations. Mr Sim will be on an advisory role to the overall treasury, financial, taxation and reporting functions.
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 04/01/2016
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 1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Chief Financial Officer
Role and responsibilities As Chief Financial Officer, Mr Gregory Sim was responsible for overseeing the treasury, financial, taxation and management reporting functions, as well as investor relations. As Deputy CEO, Mr Sim will support the Group Managing Director in the management of the daily operations of the Company which includes charting out and execute the Group's strategies. In addition, he oversees project developments, sales and marketing as well as human resources and administration.
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) Please refer to Appendix A
Present Please refer to Appendix A

Attachments

  1. Appendix A (Size: 99,941 bytes)

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