Change - Announcement of Cessation::Cessation of Group Financial Controller

Issuer & Securities

Issuer/ Manager
PAN ASIAN HOLDINGS LIMITED
Securities
PAN ASIAN HOLDINGS LIMITED - SG1Q04920423 - 5EW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Jul-2019 18:11:33
Status
New
Announcement Sub Title
Cessation of Group Financial Controller
Announcement Reference
SG190729OTHRB6ES
Submitted By (Co./ Ind. Name)
Richard Koh Chye Heng
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation of Group Financial Controller

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 Jennifer Tan, Associate Director, Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and Email: sponsorship@ppcf.com.sg).

Additional Details

Name Of Person
Chew Khong Yuen
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
15/08/2019
Detailed Reason (s) for cessation
To pursue personal interest and other career opportunities.

After having interviewed Mr Chew 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 Chew as the Group Financial Controller of the Company.

In addition, there are no concerns with regards to financial reporting that led to the departure of Mr Chew and there are no disagreements between Mr Chew and the Company's Board of Directors with regards to practices that will have an impact to the Company's 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
05/12/2017
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)
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.)
Group Financial Controller
Role and responsibilities
Mr Chew was responsible for all financial matters within the Group including financial reporting, financial planning, treasury, taxation and liaison with financial institutions.
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?
Yes
Shareholding Details
Mr Chew has direct interest in 1,000 Ordinary Shares (representing approximately 0.0005% in the Company).
Past (for the last 5 years)
Maritim Indah Sdn Bhd (Brunei)
Present
Evergreen Agency Pte Ltd
Sire Ventures Pte Ltd
Global B2B Pte Ltd