|Announcement Title||Change - Announcement of Cessation|
|Date & Time of Broadcast||Jan 4, 2020 20:08|
|Announcement Sub Title||Cessation of Executive Director, Chief Corporate Officer and Managing Director|
|Submitted By (Co./ Ind. Name)||Sharon Yeoh|
|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, PrimePartners Corporate Finance Pte. Ltd. (the Sponsor ) in accordance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited (the SGX-ST ) Listing Manual Section B: Rules of Catalist.
This announcement has not been examined or approved by the SGX-ST. The SGX-ST assumes no responsibility for the contents of this announcement, 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 Gillian Goh, Head of Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: firstname.lastname@example.org).
|Name Of Person||Wong Leon Keat|
|Is effective date of cessation known?||Yes|
|If yes, please provide the date||04/01/2020|
|Detailed Reason (s) for cessation||Mr Wong will spend more time in dealing with his personal business commitments.
The Company wishes to thank Mr Wong for his invaluable services and contribution to the Company in these three years.
After having interviewed Mr Wong Leon Keat ( Mr Wong ) 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 Wong as the Chief Corporate Officer and Managing Director of the Company.
|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||08/02/2017|
|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.)||Executive Director, Chief Corporate Officer and Managing Director|
|Role and responsibilities||Responsible for execution of the Company's business strategies and plans, overseeing financial, administrative, human resource, investor relations, regulatory and compliance functions.|
|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||Deemed interested in 23,200,000 ordinary shares (9.26%) held in the name of UOB Nominees (Pte) Limited|
|Past (for the last 5 years)||1. Weiboh Investment Pte. Ltd.
2. ABLK Services Pte. Ltd. (Struck off)
3. T.L.C. Engineering Pte. Ltd.
4. WLA Regnum Pte. Ltd.
5. Acctimus Solutions Pte. Ltd.
6. Hyper World Limited
7. Lead World Limited
8. Royal World Limited
9. Wonder World Limited
10. HT Holdings (HK) Limited
11. NC Precision Pte. Ltd.
|Present||1. DJ Coating Services (S) Pte. Ltd.
2. Drilling Solutions Pte. Ltd.
3. Karlkol Holdings Pte. Ltd.
4. Rhodus Capital Limited
5. Ultimate World Limited
6. Grandeur Consultancy Limited
7. Fabulous World Limited
8. Caring World Limited
9. HCL Remittance Limited
10. HWE Holdings Limited
11. DP Master International Service Pte. Ltd.
Partner under Section 18(3)( c) of the Accountant Act:
12. LKW & Associates