Change - Announcement of Cessation::Cessation of Financial Controller

Issuer & Securities

Issuer/ Manager
EDITION LTD.
Securities
EDITION LTD. - SG1S42927578 - 5HG
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Nov-2021 19:33:39
Status
New
Announcement Sub Title
Cessation of Financial Controller
Announcement Reference
SG211101OTHR9N7F
Submitted By (Co./ Ind. Name)
Ong Boon Chuan
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Financial Controller

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). 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 announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement.

The contact person for the Company s Sponsor is Ms Tay Sim Yee (Telephone: (65) 6232 3210) at 1 Robinson Road, #21-00, AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Boey Mun Choon
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
16/11/2021
Detailed Reason (s) for cessation
Mr Boey Mun Choon ("Mr Boey") has tendered his resignation as the Group's Financial Controller on 17 September 2021 to pursue other career opportunity.
He is currently serving his 3 months' notice period and after offsetting his annual leave entitlements, his last day of employment will be 16 November 2021. In order to facilitate the handover process of the finance and compliance functions of the Group, Ms Tew Bee Leng (Group Financial Controller designate) joined the Company on 26 October 2021 and will be officially appointed as the Group Financial Controller on 16 November 2021.

Based on its enquiries, the Company's sponsor, SAC Capital Private Limited is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Boey as the Financial Controller.

In addition, there are no concerns with regard to financial reporting that led to the departure of Mr Boey and there are no disagreements between Mr Boey and the Company's Board of Directors with regard on material matters that may have a material impact on the Group and its financial reporting.
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
06/05/2019
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Financial Controller
Role and responsibilities
Responsible for the Group's finance functions including financial and management reporting, accounting, taxation, internal controls and regular compliance matters.
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?
No
Past (for the last 5 years)
Nil
Present
Nil