Change - Announcement of Cessation::Resignation of Financial Controller and Company Secretary
Issuer & Securities
RECLAIMS GLOBAL LIMITED
RECLAIMS GLOBAL LIMITED - SGXE46584095 - NEX
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Financial Controller and Company Secretary
Submitted By (Co./ Ind. Name)
Andrew Dekguang Jhou Chew
Executive Director and CEO
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange 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 Lee Khai Yinn (Telephone no.: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Pursuit of other career opportunities.
The Sponsor, after interviewing Mr. Wu Peicong, is satisfied that, save as disclosed in this announcement, there are no material reasons for the cessation of Mr. Wu Peicong as Financial Controller of the Company.
In addition, there are no concerns with regard to financial reporting that led to the resignation of Mr. Wu Peicong and there are no disagreements with regard to practices that will have an impact on the Group's financial reporting.
The Company is in the process of finding a replacement for the position of Financial Controller and will make the necessary announcement when a suitable candidate is appointed.
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.)
Financial Controller and Company Secretary
Role and responsibilities
Mr. Wu Peicong was responsible for the Group's financial and corporate affairs, including financial reporting, tax, treasury, internal controls, corporate governance and corporate secretarial matters.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
50,000 shares in Reclaims Global Limited
Past (for the last 5 years)