Change - Announcement of Cessation::Retirement of President of a wholly owned subsidiary company

Issuer & Securities

Issuer/ Manager
AZEUS SYSTEMS HOLDINGS LTD.
Securities
AZEUS SYSTEMS HOLDINGS LTD. - BMG075391109 - BBW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
20-Jan-2022 18:06:19
Status
New
Announcement Sub Title
Retirement of President of a wholly owned subsidiary company
Announcement Reference
SG220120OTHRYBR6
Submitted By (Co./ Ind. Name)
Lee Wan Lik
Designation
Managing Director
Description (Please provide a detailed description of the event in the box below)
Retirement of President of a wholly owned subsidiary company

Additional Details

Name Of Person
Mary Rose T. Tan
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
31/01/2022
Detailed Reason (s) for cessation
Ms Mary Rose T. Tan ("Ms Tan") employment as President of Azeus Systems Philippines Limited ("Azeus Philippines") (a wholly-owned subsidiary of the Company) has indicated her intention to retire from her position.

The Board of Directors of the Company accepted Ms Tan's retirement.

Ms Tan's role and responsibilities will be taken over by Mr Jerry Chua (Director of Azeus Philippines). The Board is satisfied that there is continuity of operational management in 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
01/10/1999
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)
1
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.)
President of Azeus Systems Philippines Limited (a wholly owned subsidiary of Azeus Systems Holdings Ltd).
Role and responsibilities
Ms Tan is in charge of the management of the Group's Philippine operations as well as human resource management.
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?
Yes
Shareholding Details
4,300 ordinary shares in the Company
Past (for the last 5 years)
Nil
Present
Nil