Change - Announcement of Cessation::Cessation of Chief Financial Officer
Issuer & Securities
Issuer/ Manager
SANLI ENVIRONMENTAL LIMITED
Securities
SANLI ENVIRONMENTAL LIMITED - SG1DG8000009 - 1E3
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Mar-2024 12:17:14
Status
New
Announcement Sub Title
Cessation of Chief Financial Officer
Announcement Reference
SG240301OTHR1CKT
Submitted By (Co./ Ind. Name)
Goh Siew Geok
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Financial Officer ("CFO") - Mr Michael Law Sai Leung.
This announcement has been reviewed by the Company's sponsor ("Sponsor"), SAC Capital Private Limited. 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 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 (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.
Additional Details
Name Of Person
Michael Law Sai Leung
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
31/03/2024
Detailed Reason (s) for cessation
Mr Michael Law Sai Leung ("Mr Law") has tendered his resignation as Chief Financial Officer of the Company to pursue his personal interests overseas. Mr Law is currently serving his notice period and his last day of employment is 31 March 2024. Mr Law will work closely with the Management to ensure a smooth transition and handover of duties.
There are no concerns with regards to financial reporting that led to the resignation of Mr Law and there are no disagreements between Mr Law and the Board of Directors of the Company with regards to practices that will have an impact on the Company's financial reporting.
The Company's sponsor, SAC Capital Private Limited, after having interviewed Mr Law, is satisfied that, save as disclosed in this announcement, there is no material reason for the cessation of Mr Law as Chief Financial Officer 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?
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
28/12/2020
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.)
Chief Financial Officer
Role and responsibilities
Responsible for overseeing the financial and management accounting, compliance and taxation matters of the Company.
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)
NIL
Present
NIL
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