| Announcement Title |
Change - Announcement of Cessation |
| Date & Time of Broadcast |
Jul 1, 2024 17:47 |
| Status |
New |
| Announcement Sub Title |
Cessation of Financial Controller and Joint Company Secretary |
| Announcement Reference |
SG240701OTHR5EWL |
| Submitted By (Co./ Ind. Name) |
Ong Tong Hai |
| Designation |
Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) |
Cessation of Ms Tan Bee Kheng as Financial Controller and Joint Company Secretary of the Company.
|
| Additional Details |
| Name Of Person |
Tan Bee Kheng |
| Age |
44 |
| Is effective date of cessation known? |
Yes |
| If yes, please provide the date |
31/07/2024 |
| Detailed Reason (s) for cessation |
Ms Tan Bee Kheng ("Ms Tan") has resigned from her position as Financial Controller and Joint Company Secretary of the Company due to personal reasons. Ms Tan has been with the Company since 2 January 2014.
After having interviewed Ms Tan and to the best knowledge of the Company, the Company is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Ms Tan as the Financial Controller and Joint Company Secretary of the Company.
In addition, the Company notes that there are no concerns with regards to the financial reporting of the Group that led to the cessation of Ms Tan and there are no disagreements between Ms Tan and the Board of Directors of the Company with regards to practices that will have an impact on the Company's financial reporting.
Ms Tan is currently serving her notice period pursuant to the terms of her service contract with the Company up until 31 July 2024. A further announcement will be made as and when the appointment of a candidate to fill the position of Financial Controller/CFO has been confirmed and finalised. |
| 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 |
02/01/2014 |
| 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 |
1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) |
Financial Controller and Joint Company Secretary. |
| Role and responsibilities |
Ms Tan is responsible for overseeing the Group's financial and accounting matters and jointly responsible for secretarial matters of the Company and the Group. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries |
None. |
| Shareholding interest in the listed issuer and its subsidiaries? |
No |
| Past (for the last 5 years) |
Not applicable. |
| Present |
Kim Seng Huat (Malaysia) Sdn. Bhd. |
