Change - Announcement of Cessation::Cessation of Group Financial Controller
Issuer & Securities
PAN ASIAN HOLDINGS LIMITED
PAN ASIAN HOLDINGS LIMITED - SG1Q04920423 - 5EW
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Group Financial Controller
Submitted By (Co./ Ind. Name)
Richard Koh Chye Heng
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume 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 Ms Keng Yeng Pheng, Associate Director, Continuing Sponsorship, (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: email@example.com).
Name Of Person
Neo Lay Fen
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue personal interest and career opportunities.
Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the resignation of Ms. Neo Lay Fen as the Group Financial Controller.
In addition, there are no concerns with regards to financial reporting that led to the departure of Ms. Neo and there are no disagreements between Ms. Neo and the Company's Board of Directors with regards to practices that will 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?
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?
If Yes, Please provide full details
Pursuant to Ms. Neo's cessation and Mr. Chew Khong Yuen's appointment as the Group Financial Controller on 4 December 2017 and 5 December 2017 respectively, Ms. Neo will remain employed by the Company in the interim to assist in the transition and handover matters.
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.)
Group Financial Controller
Role and responsibilities
Responsible for all financial and information technology matters within the Group including financial reporting, financial planning, treasury, taxation and liaison with financial institutions.
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)