Change - Announcement of Cessation::Cessation of Chief Financial Officer cum Acting Chief Executive Officer

Issuer & Securities

Issuer/ Manager
EINDEC CORPORATION LIMITED
Securities
EINDEC CORPORATION LIMITED - SG1CE9000005 - 42Z
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Jul-2022 22:01:30
Status
New
Announcement Sub Title
Cessation of Chief Financial Officer cum Acting Chief Executive Officer
Announcement Reference
SG220704OTHRSETA
Submitted By (Co./ Ind. Name)
Shirley Tan
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Ms. Queenie Foo Quek Cheng ("Ms. Foo") as Chief Financial Officer ("CFO") cum Acting Chief Executive Officer ("CEO") of Eindec Corporation Limited (the "Company", and together with its subsidiaries, the "Group").

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

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 Ms. Goh Mei Xian, Director, ZICO Capital Pte. Ltd., at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Queenie Foo Quek Cheng
Age
41
Is effective date of cessation known?
Yes
If yes, please provide the date
01/09/2022
Detailed Reason (s) for cessation
Ms. Foo had on 1 July 2022 tendered her resignation as the CFO cum Acting CEO of the Company to pursue other career opportunities. The Board of Directors (the "Board") of the Company has accepted Ms. Foo's resignation.

Ms. Foo is currently serving a two months' notice period in accordance with her employment agreement with the Company, and her last day of employment with the Company will be on 31 August 2022. The Board is in the midst of identifying suitable candidates to fill the respective positions of CFO (or equivalent) and CEO, and will make necessary announcements when the candidates are appointed.

Ms. Foo confirmed that there are no concerns with regards to financial reporting that led to her resignation and there are no disagreements between her and the Board with regards to practices that would have an impact on the Company's and Group's financial reporting.

The Sponsor, after having interviewed Ms. Foo, is satisfied that, other than as disclosed in this announcement, there are no material reasons for the resignation of Ms. Foo as the CFO cum Acting CEO of the Company.
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
16/08/2017
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
CFO cum Acting CEO
Role and responsibilities
Executive. Responsible for the entire financial management and statutory reporting of the Group. In addition, Ms. Foo concurrently manages and oversees the overall business and activities of the Group on an interim basis.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
- Heatec Jietong Pte. Ltd.
- HJT Engineering & Construction Pte. Ltd.
- JJY Engineering & Construction Pte. Ltd.
- Chem-Grow Pte. Ltd.
- Chem-Grow Engineering Pte. Ltd.
- Heatec Chariot Envirobotics Pte. Ltd. (Struck off)
- Heatec Veslink Marine Services Corp.
Present
- Eindec Singapore Pte. Ltd.
- Eindec Holdings Pte. Ltd.
- V-Pure Pte. Ltd.