Change - Announcement of Cessation::Retirement of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
JAWALA INC. - MYA013922002 - 1J7
Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
17-May-2021 17:23:02
Announcement Sub Title
Retirement of Chief Executive Officer
Announcement Reference
Submitted By (Co./ Ind. Name)
Datuk Jema Khan
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Retirement of Datuk Jema Khan as Chief Executive Officer.

This announcement has been prepared by Jawala Inc. (the "Company") and its contents have been reviewed by UOB Kay Hian Private Limited (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Datuk Jema Khan
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Datuk Jema Khan will retire as the Chief Executive Officer of the Company upon the expiry of his service agreement. Upon the retirement of Datuk Jema Khan as the Chief Executive Officer of the Company, he will be redesignated as the Non-Executive Non-Independent Chairman of the Company.

Based on its enquiries, the Company's sponsor, UOB Kay Hian Private Limited, is satisfied that, save as disclosed in the announcement, there are no material reasons for the cessation of Datuk Jema Khan as the Chief Executive Officer 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer
Role and responsibilities
Overall management, strategic planning and business expansion of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
(i) Son of Tan Sri Abdul Majid Khan, Substantial Shareholder
(ii) Father of Ms Nadja Binti Jema Khan, Non-Executive Non-Independent Director
(iii) Cousin to Mr Abdul Rahman Khan Bin Hakim Khan, Chief Executive Officer and Executive Director (with effect from 1 June 2021)
Shareholding interest in the listed issuer and its subsidiaries?
Shareholding Details
Deemed interest in Jawala Inc
- 100,000,000 ordinary shares
Past (for the last 5 years)
- Director of Countertrade (M) Sdn Bhd
- Chairman of Pana Harrison (M) Sdn Bhd
Director of Jawala Corporation Sdn Bhd.