Change - Announcement of Cessation::Retirement of Mr Lim Koon Hock as Group Chief Financial Officer

Issuer & Securities

Issuer/ Manager
MARY CHIA HOLDINGS LIMITED
Securities
MARY CHIA HOLDINGS LIMITED - SG1Y51946677 - 5OX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Nov-2022 23:42:38
Status
New
Announcement Sub Title
Retirement of Mr Lim Koon Hock as Group Chief Financial Officer
Announcement Reference
SG221128OTHRL0AW
Submitted By (Co./ Ind. Name)
Ho Yow Ping (He YouPing)
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, Evolve Capital Advisory Private Limited (the "Sponsor"). This announcement has not been examined or approved by the 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 Mr Jerry Chua (Tel: (65) 6241 6626), at 138 Robinson Road, Oxley Tower, #13-02, Singapore 068906.

Additional Details

Name Of Person
Lim Koon Hock
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
30/11/2022
Detailed Reason (s) for cessation
The Company has identified Mr Su Jun Ming as a suitable candidate to take over the role of Group Chief Financial Officer. Mr Lim Koon Hock ("Mr Lim") had separately expressed to the Company his desire to retire from his existing role as Group Chief Financial Officer to pursue his personal interests, and has reached an agreement with the Company for his effective date of retirement to be 30 November 2022.

The Company continues to value Mr Lim's contributions to the Group, and in light of his ability to continue contributing to the Group in different areas including the Company's plan to carry out a re-audit of the FY2022 financials after the FY2022 AGM, the Company has agreed with Mr Lim to appoint him as Advisor effective 1 December 2022. He will continue to provide assistance and support to the finance department for stability and ensure a smooth and proper transition to the new Group Chief Financial Officer.
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
04/05/2020
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Financial Officer
Role and responsibilities
Mr Lim Koon Hock is responsible for overseeing the overall financial and accounting functions of the Group.
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?
No
Past (for the last 5 years)
Nil
Present
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