Change - Announcement of Cessation::RESIGNATION OF CHIEF FINANCIAL OFFICER
Issuer & Securities
RESOURCES PRIMA GROUP LIMITED
RESOURCES PRIMA GROUP LIMITED - SG1W50939246 - 5MM
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
RESIGNATION OF CHIEF FINANCIAL OFFICER
Submitted By (Co./ Ind. Name)
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
Resignation of Chief Financial Officer
This announcement has been reviewed by the Company s sponsor, SAC Capital Private Limited (the Sponsor ). This announcement has not been examined or approved by Singapore Exchange Securities Trading Limited (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 Lee Khai Yinn (Tel: +65 6232 3210) at 1 Robinson Road, 21-00 AIA Tower, Singapore 048542.
Name Of Person
Thng Tien Lung
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue other career opportunities.
Mr Thng Tien Lung ( Mr Thng ) has tendered his resignation as Chief Financial Officer of the Company ( CFO ) on 8 October 2019 and reaffirmed his decision to leave in end of October 2019 after being given some time by the Board to reconsider his decision to resign. He is currently serving a 2-month notice period.
The Sponsor, after interviewing Mr Thng, is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Thng as CFO. In addition, there are no concerns with regard to financial reporting that led to the resignation of Mr Thng and there are no disagreements with regard to material matters or practices that will have an impact on the Group's financial reporting.
The Company is in the process of finding a replacement for the position of CFO or equivalent and will make the necessary announcement 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 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
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
Energy Prima Pte Ltd
RPG Trading Pte Ltd
RPG Logistics Pte Ltd
The above entities are the subsidiaries of the Group and the Board will take steps to procure the cessation of Mr Thng s directorships in such subsidiaries when he is no longer an employee of the Group.