Change - Announcement of Cessation::Cessation of Chief Financial Officer

Issuer & Securities

Issuer/ Manager
NAUTICAWT LIMITED
Securities
NAUTICAWT LIMITED - SG1BE2000004 - 42D
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
17-May-2021 18:17:13
Status
New
Announcement Sub Title
Cessation of Chief Financial Officer
Announcement Reference
SG210517OTHRCQ66
Submitted By (Co./ Ind. Name)
Dr Chirasak Chiyachantana
Designation
Non-Independent Non-Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Financial Officer

This announcement has been prepared by NauticAWT Limited (the "Company") and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the relevant rules 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 accuracy, completeness or correctness of any of the information, statements or opinions made, or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Chong Siu Peng
Age
44
Is effective date of cessation known?
Yes
If yes, please provide the date
30/06/2021
Detailed Reason (s) for cessation
To pursue other career opportunities.

Based on its enquiries, the Sponsor is satisfied that, save as disclosed in the announcement, there are no other material reasons for the resignation of Ms Chong Siu Peng as the Chief Financial Officer of the Company. In addition, there are no concerns with regards to financial reporting that led to the cessation of Ms Chong Siu Peng and there are no disagreements between Ms Chong Siu Peng and the Board of Directors of the Company with regards to practices that would have an impact to the Company's financial reporting.
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
29/08/2017
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)
1
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
Oversight of accounting, financial and commercial matters of the Group.

The Company is in the process of finding a suitable candidate to oversee the Company's financial and corporate compliance matters.
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?
Yes
Shareholding Details
3,563,339 ordinary shares in NauticAWT Limited
Past (for the last 5 years)
Nil
Present
Nautec Materials Sdn Bhd