Change - Announcement of Cessation::Cessation of Financial Controller

Issuer & Securities

Issuer/ Manager
CAPITAL WORLD LIMITED.
Securities
CAPITAL WORLD LIMITED. - KYG8763X1189 - 1D5
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-May-2023 19:55:14
Status
New
Announcement Sub Title
Cessation of Financial Controller
Announcement Reference
SG230531OTHRWQOI
Submitted By (Co./ Ind. Name)
Hoo Khee Leng
Designation
Executive Director & Chief Executive Officer
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 sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange"). 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 Mr. Shervyn Essex, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Sia Guek Leng
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
01/06/2023
Detailed Reason (s) for cessation
As part of the Group's internal restructuring, Ms Sia Guek Leng will step down as the Group's Financial Controller and will be redesignated as Leasing Director of the Company's newly incorporated subsidiary, One Solution Management Sdn. Bhd. She will continue to assist with the handover process to the newly appointed Financial Controller as she remains part of the Group.

After having interviewed Ms Sia Guek Leng 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 Ms Sia Guek Leng as the Financial Controller.

In addition, there are no concerns with regards to financial reporting that led to the cessation of Ms Sia Guek Leng, and there are no disagreements between Ms Sia Guek Leng 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
09/03/2022
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Financial Controller
Role and responsibilities
Oversee the financial and accounting functions of the Company and 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?
No
Other Directorships
Past (for the last 5 years)
NIL
Present
NIL