Change - Announcement of Cessation::Announcement of Cessation of Group Chief Financial Officer

Issuer & Securities

Issuer/ Manager
EQUATION CORP LIMITED
Securities
EQUATION CORP LIMITED - SG0532000247 - 532

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Apr-2014 17:53:24
Status
New
Announcement Sub Title
Announcement of Cessation of Group Chief Financial Officer
Announcement Reference
SG140401OTHR2ECI
Submitted By (Co./ Ind. Name)
Chng Weng Wah
Designation
Director
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, SAC Capital Private Limited ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

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. Ong Hwee Li (Registered Professional, SAC Capital Private Limited).
Address: 1 Robinson Road, #21-02 AIA Tower, Singapore 048542. Telephone number: +65 6221 5590

Additional Details

Name Of Person
Lim Hui Chee
Age
42
Is effective date of cessation known?
Yes
If yes, please provide the date
31/05/2014
Detailed Reason (s) for cessation
To pursue other personal interest.

The Company's Sponsor, SAC Capital Private Limited, has contacted Ms. Lim Hui Chee and based on its enquiries, is satisfied that other than as disclosed in this announcement, there are no material reasons for her resignation.

In addition, there are no concerns with regard to financial reporting that led to the departure of Ms. Lim Hui Chee and there has not been any disagreement with regard to practices that will have an impact on 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?
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
01/11/2010
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Financial Officer
Role and responsibilities
Executive - Provide strategic direction to the finance team and to oversee the financial and accounting affairs of the Group.
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
Other Directorships
Past (for the last 5 years)
NIL
Present
NIL