Change - Announcement of Cessation::Resignation of Group Finance Director

Issuer & Securities

Issuer/ Manager
VERSALINK HOLDINGS LIMITED
Securities
VERSALINK HOLDINGS LIMITED - SG1AC9000003 - 40N
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
06-May-2021 23:05:53
Status
New
Announcement Sub Title
Resignation of Group Finance Director
Announcement Reference
SG210506OTHRM4GG
Submitted By (Co./ Ind. Name)
Matthew Law Kian Siong
Designation
Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
The sponsor of the Company, CIMB Bank Berhad, Singapore Branch ("Sponsor") is satisfied that there is no other reason for Ms Ong Ying Ling's ("Ms Ong") cessation as the Company's Group Finance Director.

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "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 Mr Ken Lee, Associate Director, Investment Banking, CIMB Bank Berhad, Singapore Branch, at 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, Telephone: +65 6337 5115.

Additional Details

Name Of Person
Ong Ying Ling
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
30/06/2021
Detailed Reason (s) for cessation
For personal reasons as Ms Ong is seeking for a change of working environment and new career opportunities, which may include opportunities in roles and/or industries that are different from her current employment.

Ms Ong Ying Ling's last day with the Company will be 30 June 2021. She will complete the requisite work for the Company's annual report for financial year ended 28 February 2021 and ensure adequate handover to incoming finance personnel(s) to be appointed.

The Company is in the process of finding a suitable replacement for Ms Ong and has shortlisted suitable candidates. The announcement of appointment will be released in due course when the Company has completed its process.
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
02/04/2014
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)
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 Finance Director
Role and responsibilities
Ms Ong Ying Ling's major role and responsibilities include, but are not limited to providing strategic and financial guidance to ensure that the Company's financial commitments are met, fully complying with Singapore as well as Malaysia local regulations, financial standards and policies, which include best practices in corporate governance aligned to safeguard the company's business model and assets.
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?
Yes
Shareholding Details
1,000
Past (for the last 5 years)
Nil
Present
Nil