Change - Announcement of Cessation::Announcement of Cessation as Chief Financial Officer and Joint Company Secretary

Issuer & Securities

Issuer/ Manager
Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Jan-2018 07:15:57
Announcement Sub Title
Announcement of Cessation as Chief Financial Officer and Joint Company Secretary
Announcement Reference
Submitted By (Co./ Ind. Name)
Lee Tiong Hock
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 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 Mr Lance Tan, Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088.

Additional Details

Name Of Person
Goon Fook Wye Paul
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Goon will relinquish his position as Chief Financial Officer and Joint Company Secretary of the Company. He will join Ezion Holdings Limited as Group Chief Financial Officer and Joint Company Secretary with effect from 1 January 2018.

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 Goon as Chief Financial Officer and Joint Company Secretary of the Company.

In addition, there are no concerns with regards to financial reporting that led to the departure of Mr Goon and there are no disagreements between Mr Goon and the Company's Board of Directors 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?
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.)
Chief Financial Officer and Joint Company Secretary.
Role and responsibilities
Responsible for Charisma Group's overall finance and secretarial functions which include accounting, internal controls, financial and management reporting, investment, tax, treasury, financial analysis, M&A support, risk management and investor relations.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Shareholding Details
1,500,000 ordinary shares in Charisma Energy Services Limited
Past (for the last 5 years)
1) Yichang Smartpower Green Electricity Co. Ltd
2) Charis Electric Pte Ltd
3) GSP Magellan Limited
4) Nora Limited
5) Resilient Energy Limited
6) Teras Atlas Limited
7) Teras Fortuna Limited
8) Teras Orizont Limited
9) Teras Singapore 1 Pte Ltd
10) Teras Singapore 2 Pte Ltd
11) Teras Singapore 3 Pte Ltd
12) Teras Singapore 8 Pte Ltd
13) CNG Alliance Sdn Bhd