Change - Announcement of Cessation::Resignation of Group Financial Controller

Issuer & Securities

Issuer/ Manager
STAMFORD TYRES CORPORATION LIMITED
Securities
STAMFORD TYRES CORPORATIONLTD - SG1O53913362 - S29
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Sep-2024 17:21:05
Status
New
Announcement Sub Title
Resignation of Group Financial Controller
Announcement Reference
SG240902OTHRJTJY
Submitted By (Co./ Ind. Name)
Michelle Heng
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Group Financial Controller

Additional Details

Name Of Person
Frank Ng Tse Lim
Age
45
Is effective date of cessation known?
Yes
If yes, please provide the date
30/09/2024
Detailed Reason (s) for cessation
Mr Frank Ng Tse Lim ("Mr Ng") has resigned as Group Financial Controller of the Company for health reasons.

Mr Ng, who joined the Company as Finance Manager in September 2008, has been a valued member of the Stamford Tyres management team and the Board thanks him for his service and contribution to the Stamford Tyres Group.

There are no concerns with regard to financial reporting that led to Mr Ng's resignation and there is no disagreements between Mr Ng and the Board of Directors with regard to practices that may have an impact on the Company's financial reporting.

The Company is in the process of identifying a suitable replacement and will make the necessary announcement to update shareholders in due course.
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
01/10/2013
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Financial Controller
Role and responsibilities
Mr Ng is responsible for the overall financial accounting and reporting functions of the Group's business and oversight of the Group's treasury functions and regulatory compliance matters with regulatory bodies.

Mr Ng's responsibilities will be overseen by other finance team members until a replacement is appointed.
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)
PT Stamford Tyres Distributor Indonesia
Present
Falken Tyre India Private Ltd