Change - Announcement of Cessation::CESSATION AS CHIEF FINANCIAL OFFICER

Issuer & Securities

Issuer/ Manager
TSH CORPORATION LIMITED
Securities
TSH CORPORATION LIMITED - SG1J38888702 - 574
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Dec-2016 17:47:51
Status
New
Announcement Sub Title
CESSATION AS CHIEF FINANCIAL OFFICER
Announcement Reference
SG161229OTHR3DAF
Submitted By (Co./ Ind. Name)
Anthony Lye Chee Fei
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr. Ng Kim Chew as the Group Chief Financial Officer.

Additional Details

Name Of Person
Ng Kim Chew
Age
45
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2016
Detailed Reason (s) for cessation
Mr. Ng Kim Chew's ("Mr. Ng") employment with the Company as the Group Chief Financial Officer ("CFO") will cease with effect from 31 December 2016, as the Company has ceased to have any operating business and has accordingly become a cash company under Rule 1017 of the Catalist Rule since 31 August 2016.

The Sponsor has contacted Mr. Ng and based on its enquiries, the Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Ng as CFO. In addition, there are no concerns with regard to financial reporting that led to the cessation of the CFO and there are no disagreements between the CFO and the Board of Directors of the Company (the "Board") with regard to the practices that will have an impact to the Group's financial reporting.

Upon cessation as CFO on 31 December 2016, Mr. Ng will be the advisor of the Company and will continue to assist the Board with all matters concerning 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
01/03/2006
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Responsible for Group's finance, treasury, administration, human resource, tax, audit, legal and reporting.
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?
Yes
Shareholding Details
240,000 ordinary shares in the Company
Past (for the last 5 years)
WoW Technologies (Singapore) Pte Ltd
Tracker Shine Limited
Vigorhood Photoelectric Shenzhen Co., Ltd
Explomo Consulting Pte Ltd
Aegis Acoustics, Inc



Present
TSH Land Pte Ltd
Explomo Magic Pte Ltd