Change - Announcement of Cessation::Resignation of Group Financial Controller

Issuer & Securities

Issuer/ Manager
USP GROUP LIMITED
Securities
USP GROUP LIMITED - SG1CH0000007 - BRS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Apr-2022 18:13:45
Status
New
Announcement Sub Title
Resignation of Group Financial Controller
Announcement Reference
SG220401OTHR6S3R
Submitted By (Co./ Ind. Name)
Tanoto Sau Ian
Designation
CEO, Executive Director and Managing Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Group Financial Controller

Additional Details

Name Of Person
Teong Hwee Ting
Age
43
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2022
Detailed Reason (s) for cessation
Resigned to pursue other interests
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?
Yes
If Yes, Please provide full details
Following the cessation of Ms Teong as Group Financial Controller, the Company has taken necessary steps to ensure that succession planning is in place.

The Company has, on 30 March 2022, appointed an accounting consultant to oversee the Group's financial, accounting, treasury and tax prepared by the Company's financial controller.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
16/11/2020
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Financial Controller
Role and responsibilities
Group Financial Controller of the Company. Ms Teong is responsible for overseeing the financial and accounting management and reporting of the Group including compliance with necessary rules and regulations.
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
VA Corporate Services Pte Ltd