Change - Announcement of Cessation::Resignation of Chief Financial Officer
Issuer & Securities
SINO GRANDNESS FOOD INDUSTRY GROUP LIMITED
SINO GRANDNESS FOOD IND GP LTD - SG2G19997136 - T4B
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Chief Financial Officer
Submitted By (Co./ Ind. Name)
CHAIRMAN AND CEO
Description (Please provide a detailed description of the event in the box below)
Mr Chan Chun Kit has resigned as the Chief Financial Officer of the Company with effect from 21 May 2020.
Name Of Person
Chan Chun Kit
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Chan Chun Kit has tendered his resignation as CFO on 11 May 2020 to pursue his new career opportunity.
There are no other material reasons for his departure. Mr Chan has confirmed that in his view, save for the matters disclosed in the financial results announcement for the financial year ended 31 December 2019, there are no other material reporting matters which should be brought to the attention of the shareholders.
Mr Chan is under probation and the management has agreed to a 10 days' notice period. Mr Chan has committed to remain contactable and available to the Company and/or Singapore Exchange Regulation (SGX RegCo) should they require any assistance.
Mr Chan will be working closely with the Group's finance manager to ensure a smooth transition and handover of duties while the Company has already considering a potential candidate as a replacement for the position of CFO. The Company will make the necessary announcements when a suitable candidate is appointed.
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
Role and responsibilities
Responsible for providing leadership and direction for all aspects of financial planning, internal control compliance, financial reporting matters of the Company and its Group of companies, and communication of financial performance and forecast of the Group's performance to the Board of Directors and SGX.
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?
Past (for the last 5 years)
1. Hua Han Health Industry Holdings Limited
1. GS Holdings Limited
2. Universe Printshop Holdings Limited
3. Treasure Connects Holdings Limited