Change - Announcement of Cessation::CESSATION OF GROUP CHIEF FINANCIAL OFFICER

Issuer & Securities

Issuer/ Manager
DLF HOLDINGS LIMITED
Securities
DLF HOLDINGS LIMITED - SGXE73993458 - KUX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Jan-2020 20:47:35
Status
New
Announcement Sub Title
CESSATION OF GROUP CHIEF FINANCIAL OFFICER
Announcement Reference
SG200115OTHREODR
Submitted By (Co./ Ind. Name)
Manfred Fan Chee Seng
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
DLF Holdings Limited (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 25 July 2018. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor").

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor in accordance with Rules 226(2)(b) and 753(2) of 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 Gillian Goh, Director, Head of Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: sponsorship@ppcf.com.sg).

Additional Details

Name Of Person
Chong Kwang Shih
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
15/01/2020
Detailed Reason (s) for cessation
To pursue other career opportunities.

After having interviewed Mr Chong Kwang Shih ("Mr Chong") 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 Chong as the Group Chief Financial Officer.

In addition, there are no concern with regards to financial reporting that led to the cessation of Mr Chong, and there are no disagreement between Mr Chong and the Company's Board of Directors with regards to practices that will have an impact on 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
30/09/2019
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
11
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Financial Officer
Role and responsibilities
Mr Chong is responsible for the Group's accounting and finance functions, including tax, treasury and compliance matters.
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?
No
Past (for the last 5 years)
(1) We Care Community Services Limited
(2) Yahweh China Pte Ltd
Present
(1) Dew Corporate Advisory Pte Ltd
(2) AGV Group Limited