Change - Announcement of Cessation::RESIGNATION OF FINANCE DIRECTOR

Issuer & Securities

Issuer/ Manager
VALLIANZ HOLDINGS LIMITED
Securities
VALLIANZ HOLDINGS LTD - SGXE15078822 - WPC
VALLIANZ US$22.5M4%PERPSEC - SG6VB7000002 - 22TB
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-Mar-2024 18:10:55
Status
New
Announcement Sub Title
RESIGNATION OF FINANCE DIRECTOR
Announcement Reference
SG240307OTHRAXKH
Submitted By (Co./ Ind. Name)
Ling Yong Wah
Designation
Chief Executive Director
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST").

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 Mr Khong Choun Mun, Registered Professional, RHT Capital Pte. Ltd., 36 Robinson Road, #10-06 City House, Singapore 068877, sponsor@rhtgoc.com.

Additional Details

Name Of Person
Lean Soon Huei
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
18/04/2024
Detailed Reason (s) for cessation
Mr. Lean Soon Huei ("Mr. Lean") tendered his resignation as Finance Director to pursue other career opportunities.

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

In addition, there are no concerns with regards to financial reporting that led to the resignation of Mr. Lean and there are no disagreements between Mr. Lean and the Board of Directors of the Company with regards to practices that will have an impact to the Company's and/or the Group'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
12/09/2022
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Finance Director
Role and responsibilities
Executive
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)
Nil
Present
Nil