Change - Announcement of Cessation::Change - Announcement of Cessation

Issuer & Securities

Issuer/ Manager
ANNICA HOLDINGS LIMITED
Securities
ANNICA HOLDINGS LIMITED - SG1J70891671 - 5AL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Dec-2016 21:58:27
Status
New
Announcement Sub Title
Change - Announcement of Cessation
Announcement Reference
SG161223OTHRN8A0
Submitted By (Co./ Ind. Name)
Sandra Liz Hon Ai Ling
Designation
Executive Director and CEO
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 Continuing Sponsor, Stamford Corporate Services Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "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 announcement, including the accuracy, completeness or correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Bernard Lui:
Telephone number: (65) 6389 3000
Email address: bernard.lui@morganlewis.com

Additional Details

Name Of Person
Edwin Sugiarto
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
23/12/2016
Detailed Reason (s) for cessation
Mr Edwin Sugiarto ("Mr. Sugiarto") has relinquished his position as Chief Operating Officer to pave way for new leadership of the Company.

Based on its enquiries, the Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Sugiarto as the Chief Operating Officer of the Company.

Mr. Sugiarto will be re-designated as Operation Director of Industrial Engineering Systems Pte Ltd as part of business continuity while keeping in view of the Group's on-going restructuring exercise.
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
06/01/2016
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Operating Officer.
Role and responsibilities
Oversees the day-to-day operations of the Group.
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
108,269,800 shares in Annica Holdings Limited
Past (for the last 5 years)
Annica Holdings Limited
P.J. Services Pte Ltd
Nu Haven Incorporated
Avital Enterprises Limited
Industrial Power Technology Pte Ltd
The Think Environmental Co. Sdn Bhd.
Chaswood Resources Holdings Ltd
Present
Advance Assets Management Limited
Industrial Engineering Systems Pte Ltd