Change - Announcement of Cessation::CESSATION OF EXECUTIVE DIRECTOR
Issuer & Securities
CFM HOLDINGS LIMITED
CFM HOLDINGS LIMITED - SG1P02915996 - 5EB
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
CESSATION OF EXECUTIVE DIRECTOR
Submitted By (Co./ Ind. Name)
Tan Wee Sin
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Asian Corporate Advisors Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "Exchange"). The Sponsor has not independently verified the contents of this announcement including the correctness of any of the figures used, statements or opinions made. The Sponsor is satisfied, based on enquries made, that there are no reasons for the cessation other than those stated in this announcement.
This announcement has not been examined or approved by the Exchange and the Exchange 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 Foo Quee Yin.
Telephone number:6221 0271
Name Of Person
Kenneth Ip Yew Wa
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr. Kenneth Ip Yew Ma will be appointed as Chief Operating Officer of the Company with effect from 19 July 2019.
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.)
Role and responsibilities
He has been working in various subsidiaries of the Group as Business Development Manager. He is also involved in engineering and tooling fabrication. Mr. Ip is currently also General Manager of Hantong Metal Component (Penang) Sdn. Bhd. and Executive Officer of CFM Slovakia s.r.o..
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Son of both Mr. Ip Kwok Wing (Executive Chairman and substantial shareholder of the Company) and Madam Janet Lim Fong Li (Executive Director and CEO and substantial shareholder of the Company).
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
Hantong Metal Component Sdn Bhd
Hantong Metal Component (Penang) Sdn Bhd
CFM Slovakia s.r.o