Change - Announcement of Cessation::Resignation of Director and Non-Executive Chairman of the Company
Issuer & Securities
MARY CHIA HOLDINGS LIMITED
MARY CHIA HOLDINGS LIMITED - SG1Y51946677 - 5OX
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Director and Non-Executive Chairman of the Company
Submitted By (Co./ Ind. Name)
Ho Yow Ping (He YouPing)
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by Mary Chia Holdings Limited (the "Company") and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume 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 Ms Gillian Goh, Director, Head of Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: email@example.com).
Name Of Person
Chia Ah Tow Mary
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Following the disposal of her entire shareholding interest in the Company on 24 August 2017 to Suki Sushi Pte. Ltd., Ms Chia Ah Tow Mary ("Ms Chia") has resigned from her position as the Executive Chairman of the Company and from all executive positions within the Group with effect from the same day. Ms Chia has also been re-designated as the Non-Executive Chairman of the Company on 24 August 2017. (Please refer to the offer announcement and the re-designation announcement of Ms Chia dated 24 August 2017 and 25 August 2017 respectively)
Ms Chia is resigning as Director and Non-Executive Chairman of the Company with effect from 7 October 2017, being the day immediately after the close of the offer.
Based on its enquiries, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd. is satisfied that, save as disclosed in this announcement, there are no material reasons for the cessation of Ms Chia as Director and Non-Executive Chairman 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.)
Role and responsibilities
Responsible for the overall management, formulation of business plans, strategic positioning 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
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
Mary Chia Holdings Limited
Mary Chia Beauty & Slimming Specialist Pte Ltd
Mary Chia Beauty & Slimming Specialist (Orchard) Pte. Ltd.
MSB Beauty Pte. Ltd.
MCU Trading Pte. Ltd.
Organica International Holdings Pte. Ltd.
Scinn Pte. Ltd.
Spa Menu Pte. Ltd.
Urban Homme Face and Body Studio For Men Pte. Ltd.
MCU Beatitudes Sdn Bhd
MCU Holdings Sdn. Bhd.
Organica International (M) Sdn Bhd
MCU Investment Holdings Pte. Ltd.
MCAT Investment Holdings Pte. Ltd.
For the avoidance of doubt, the aforementioned two companies are not subsidiaries nor associated companies of the Group.