Change - Announcement of Cessation::CESSATION OF FINANCIAL CONTROLLER

Issuer & Securities

Issuer/ Manager
OCEAN SKY INTERNATIONAL LIMITED
Securities
OCEAN SKY INTERNATIONAL LTD - SG1DD2000002 - 1B6
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Nov-2022 18:44:16
Status
New
Announcement Sub Title
CESSATION OF FINANCIAL CONTROLLER
Announcement Reference
SG221110OTHROWGF
Submitted By (Co./ Ind. Name)
CHIA YAU LEONG
Designation
COMPANY SECREATRY
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Chia Yau Leong as Financial Controller of the Company.



This announcement has been prepared by Ocean Sky International Limited (the "Company") and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the relevant rules 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 and the SGX-ST assumes 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 Mr Lance Tan, Senior Vice President, at 8 Anthony Road #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Chia Yau Leong
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
30/11/2022
Detailed Reason (s) for cessation
To pursue other personal interests.


Based on its enquiries, the Company's Sponsor, UOB Kay Hian Private Limited, is satisfied that, save as disclosed in the announcement, there are no material reasons for the cessation of Mr Chia Yau Leong ("Mr Chia") as the Financial Controller of the Company.

There are no concerns with regards to financial reporting that led to the cessation of Mr Chia and there are no disagreements between Mr Chia and the Board of Directors of the Company with regards to practices that would have an impact to the Company's financial reporting.

The Company expresses its gratitude to Mr Chia for his contributions during his tenure of service.

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
15/05/2009
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Financial Controller
Role and responsibilities
Mr Chia is responsible for the overall planning and management of the Group's financial, taxation and corporate governance functions. He also plays an important advisory role towards the formulation of the Group's strategic development plans through financial analysis and providing recommendations to the management.
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
45,000 ordinary shares
Past (for the last 5 years)
Ocean Sky International Limited
Present
TSky Development Pte Ltd
TSky Balmoral Pte Ltd
TSky Cairnhill Pte Ltd
TSky (Jervois) Pte Ltd
Val-Matt Holdings Pte Ltd