Change - Announcement of Cessation::Cessation of Chief Financial Officer
Issuer & Securities
MARY CHIA HOLDINGS LIMITED
MARY CHIA HOLDINGS LIMITED - SG1Y51946677 - 5OX
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Chief Financial Officer
Submitted By (Co./ Ind. Name)
Ho Yow Ping (He YouPing)
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. ("Sponsor") in accordance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited ("SGX-ST").
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 Jennifer Tan, Associate Director, Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: firstname.lastname@example.org).
Name Of Person
Ng Yui Wei
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue other career opportunities.
Mr Ng Yui Wei has tendered his resignation in early April 2020 and the Board has agreed to accept Mr Ng Yui Wei's resignation on his effective date of cessation notwithstanding his notice period of 3 months.
The Company is actively searching for a suitable replacement and will make the necessary announcements when practicable.
The existing Accounting and Finance Team that have been reporting to Mr Ng Yui Wei, will continue to function, operate, assist and report to the Chief Executive Officer in the interim period until a suitable replacement is found.
After having interviewed Mr Ng Yui Wei 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 Ng Yui Wei as the Chief Financial Officer of the Company.
In addition, there are no concerns with regards to financial reporting that led to the cessation of Mr Ng Yui Wei, and there are no disagreements between Mr Ng Yui Wei 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Mr Ng Yui Wei is responsible for overseeing the overall financial and accounting functions of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
Durabeau Industries Pte Ltd
Director (June 2018 - January 2019)
LH Aluminium Industries Pte. Ltd.
Director (June 2018 - January 2019)