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

Issuer & Securities

Issuer/ Manager
EDITION LTD.
Securities
EDITION LTD. - SG1S42927578 - 5HG
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Oct-2014 17:43:43
Status
New
Announcement Sub Title
Cessation of Chief Financial Officer
Announcement Reference
SG141016OTHR31C0
Submitted By (Co./ Ind. Name)
ONG BOON CHUAN
Designation
EXECUTIVE CHAIRMAN / CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, SAC Capital Private Limited, for compliance with the relevant rules of the SGX-ST. The Company's Sponsor has not independently verified the contents of this announcement.
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 correctness of any of the statements or opinions made, or reports contained in this announcement.
The contact person for the Company's Sponsor is Ms. Alicia Kwan (Telephone No. (65) 6221 5590) at 1 Robinson Road, #21-02, AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Lee Jei Hoon
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
20/10/2014
Detailed Reason (s) for cessation
To facilitate the Company's business expansion plans. Mr Lee Jei Hoon will remain as an Executive Director of the Company following the cessation as Chief Financial Officer.

The Company's Sponsor, SAC Capital Private Limited, has contacted Mr Lee Jei Hoon and based on its enquiries, is satisfied that other than as disclosed in this annoucement, there are no material reasons for his cessation.

In addition, there are no concerns in regards to financial reporting that led to the departure of Mr Lee Jei Hoon and there has not been any disagreement with regard to practices that will have an impact on 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
16/09/2004
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Responsible for all financial 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
None.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
816,100 ordinary shares
Past (for the last 5 years)
None
Present
1) Oniontech Co., Ltd (Korea)
2) Guangzhou Oniontech Information Technology Limited (China)
3) Mobion Co., Ltd