Change - Announcement of Cessation::Resignation of Financial Controller

Issuer & Securities

Issuer/ Manager
SHEN YAO HOLDINGS LIMITED
Securities
SHEN YAO HOLDINGS LIMITED - SGXE51426224 - A78
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Nov-2023 23:01:51
Status
New
Announcement Sub Title
Resignation of Financial Controller
Announcement Reference
SG231115OTHR8YUH
Submitted By (Co./ Ind. Name)
Pang Kee Chai, Jeffrey
Designation
Group Chief Executive Officer
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, W Capital Markets Pte. Ltd. (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 Sheila Ong, Registered Professional, W Capital Markets Pte. Ltd., 65 Chulia Street, #43-01 OCBC Centre, Singapore 049513, Telephone (65) 6513 3543.

Additional Details

Name Of Person
Gao Guanyi
Age
40
Is effective date of cessation known?
Yes
If yes, please provide the date
29/11/2023
Detailed Reason (s) for cessation
Ms Gao has resigned from her position as she wishes to pursue other opportunities.

Ms Gao has confirmed that she is not aware of any concerns with regards to the financial reporting of the Group that led to her resignation.

The Sponsor, having spoken to Ms Gao, is satisfied that, other that as disclosed in this announcement, there are no other material reasons for the resignation of Ms Gao.

The Company is actively recruiting for this position and will update shareholders by way of announcement when the position has been filled.
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
16/11/2022
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Financial Controller
Role and responsibilities
The Financial Controller is responsible for determining the financial policies of the Group and taking charge of the full accounting, financial and treasury/cash management matters of the Group. To assist the Chief Executive Officer in the performance of his duties.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
DKSHSMI Pte. Ltd.
SMI-Senko Logistics Pte. Ltd.
Simple Promise Pte. Ltd.
Kinnaya Pte. Ltd.
Present
Nil