Change - Announcement of Cessation::Cessation of Financial Controller

Issuer & Securities

Issuer/ Manager
MARY CHIA HOLDINGS LIMITED
Securities
MARY CHIA HOLDINGS LIMITED - SG1Y51946677 - 5OX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
06-Mar-2017 20:25:09
Status
New
Announcement Sub Title
Cessation of Financial Controller
Announcement Reference
SG170306OTHR68X6
Submitted By (Co./ Ind. Name)
Ho Yow Ping
Designation
CEO
Effective Date and Time of the event
06/03/2017 17:00:00
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by Mary Chia Holdings Limited (the Company ) and its contents have been reviewed by the Company s sponsor, PrimePartners Corporate Finance Pte. Ltd. (the Sponsor ) for compliance with the Singapore Exchange Securities Trading Limited (the SGX-ST ) Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Keng Yeng Pheng, Associate Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088.

Additional Details

Name Of Person
Tan Lay Lee
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
10/03/2017
Detailed Reason (s) for cessation
For personal family reasons.

Following her cessation, Ms Tan Lay Lee ("Ms Tan") is available to the Group on a project basis for the next 2 months. The Company is currently seeking a suitable FC replacement and will make the relevant announcement when appropriate.

Based on its enquiries, the Company's sponsor, Prime Partners Corporate Finance Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the resignation of Ms Tan as the Financial Controller.

In addition, there are no concerns with regards to the financial reporting that led to the departure of Ms Tan and there are no disagreements between Ms Tan and the Board of Directors of the Company with regards to practices that will have an impact to 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
08/12/2015
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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
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
NIL
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
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Present
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