Change - Announcement of Cessation::Resignation of Mr Lee Quang Loong as Chief Financial Officer

Issuer & Securities

Issuer/ Manager
MEMIONTEC HOLDINGS LTD.
Securities
MEMIONTEC HLDGS LTD. - SGXE13155820 - TWL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Jan-2023 17:49:58
Status
New
Announcement Sub Title
Resignation of Mr Lee Quang Loong as Chief Financial Officer
Announcement Reference
SG230110OTHR15A3
Submitted By (Co./ Ind. Name)
Tay Kiat Seng
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Lee Quang Loong ("Mr Lee") as Chief Financial Officer ("CFO").

This announcement has been prepared by Memiontec Holdings Ltd. (the "Company") and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

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. Karen Soh, Managing Director, ZICO Capital Pte. Ltd. at 77 Robinson Road #06-03, Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Lee Quang Loong
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
01/04/2023
Detailed Reason (s) for cessation
Mr Lee has tendered his resignation as the CFO of the Company to pursue other interest.

After having interviewed Mr Lee and to the best of its knowledge, the Company's Sponsor, ZICO Capital Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for Mr Lee's resignation.

In addition, there are no concerns that Mr Lee's resignation is due to any financial reporting concerns or matters and there are no disagreements between Mr Lee and the board of directors of the Company with regards to practices that would have an impact on the Company's and Group's financial reporting.

The Company is in the process of recruiting a Head of Finance and will make the necessary announcement when a suitable candidate is appointed.
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
24/08/2021
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Mr Lee is responsible for the overall financial management of the Company and the Group including accounting, treasury, risk management and governance framework.
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
Other Directorships
Past (for the last 5 years)
Please refer to Annexure A.
Present
1. Kampong Kluang Investments Pte Ltd
2. Allinon Pharma Private Limited

Attachments

Annexure A.pdf
Total size =41K