Change - Announcement of Cessation::CESSATION OF CHIEF FINANCIAL OFFICER

Issuer & Securities

Issuer/ Manager
VASHION GROUP LTD.
Securities
VASHION GROUP LTD. - SG1K20894269 - 5BA

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Apr-2014 16:38:26
Status
New
Announcement Sub Title
CESSATION OF CHIEF FINANCIAL OFFICER
Announcement Reference
SG140404OTHRD5QW
Submitted By (Co./ Ind. Name)
FOO SOON SOO
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and reviewed by the Company's sponsor,
CNP Compliance Pte. Ltd. ("Sponsor"), for compliance with the Singapore Exchange Securities
Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified
the contents of this announcement including the accuracy or completeness of any of the information disclosed or the correctness of any of the statements or opinions made or reports contained in 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 correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Thomas Lam at 36 Carpenter Street, Singapore 059915,
telephone: (65) 6323 8383; email: tlam@cnplaw.com.

The Company would like to take this opportunity to thank Mr Yuen Chun Fai for his services rendered to the Group and whishes him well in his future endeavors.

Additional Details

Name Of Person
YUEN CHUN FAI
Age
35
Is effective date of cessation known?
Yes
If yes, please provide the date
05/04/2014
Detailed Reason (s) for cessation
To pursue other career opportunities in Hong Kong.
Based on its enquiries, the Sponsor is satisfied that other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr Yuen as the Chief Financial Officer.
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
01/07/2013
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Responsible for the full spectrum of group financial reporting, budgeting, tax compliance, financial analysis, appraisal and disposal of assets and investments, regulatory and risk compliance.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NA
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Executive Director of Cybertowers Berhad listed in KLSE
Present
Nil