| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Sep 4, 2018 18:41 |
| Status | New |
| Announcement Sub Title | CESSATION OF FINANCIAL CONTROLLER |
| Announcement Reference | SG180904OTHRNNPK |
| Submitted By (Co./ Ind. Name) | Cheong Weixiong |
| Designation | Executive Director and Group Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST 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. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201. |
| Additional Details | |
| Name Of Person | Chan Saw Yee |
| Age | 38 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 07/09/2018 |
| Detailed Reason (s) for cessation | Ms. Chan Saw Yee ("Ms. Chan") has resigned to pursue other career opportunities. There are no concerns with regards to the financial reporting that led to Ms. Chan's resignation as the Financial Controller and there are no disagreements between Ms. Chan and the board of directors of the Company with regards to practices that would have an impact to the Company's financial reporting. The Sponsor, after having interviewed Ms. Chan, is satisfied that, other than as disclosed in this announcement, there are no material reasons for the cessation of Ms. Chan as the Financial Controller. |
| 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 | 21/01/2015 |
| 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) | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Financial Controller |
| Role and responsibilities | Executive. Overall responsibilities for Group's financial management, system implementation, internal controls, treasury and banking, and mergers and acquisitions. |
| 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? | Yes |
| Shareholding Details | 16,000 ordinary shares of Sinjia Land Limited |
| Past (for the last 5 years) | - |
| Present | Sinjia Properties Sdn. Bhd. |