Change - Announcement of Cessation::Resignation of Executive Director, Chairlady of the Board and Chief Executive Officer
Issuer & Securities
NIPPECRAFT LIMITED - SG1A83000921 - N32
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Executive Director, Chairlady of the Board and Chief Executive Officer
Submitted By (Co./ Ind. Name)
Connie Oi Yan Chan
Executive Chairlady and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Executive Director, Chairlady Of The Board and Chief Executive Officer
This announcement has been reviewed by the Company's sponsor ("Sponsor"), SAC Capital Private Limited. This announcement has not been examined or approved by Singapore Exchange Securities Trading Limited ("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. Charmian Lim (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.
Name Of Person
Connie Oi Yan Chan
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Ms Connie Oi Yan Chan has resigned as Executive Chairlady and Chief Executive Officer due to personal reason. Her last day will be 31 December 2020.
The Company has identified a candidate to assume the roles and responsibilities as Chief Executive Officer of the Group and an announcement will be made in due course.
SAC Capital Private Limited, the Company's sponsor, after having interviewed Ms Connie Oi Yan Chan, is satisfied that other than as disclosed in this announcement, there are no other material reasons for her resignation.
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.)
Executive Director, Chairlady Of The Board And Chief Executive Officer
Role and responsibilities
Executive - Overall management of the Company
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)
iTheatre Limited (Singapore)
Resigning on 31 December 2020 as a director from the following subsidiaries within Nippecraft Group:
1) Paperich Pte Ltd (Singapore)
2) Debden Importing (UK) Limited (United Kingdom)
3) Collins Debden Limited (United Kingdom)
4) Collins Debden Pty Limited (Australia)
5) Collins Debden USA, Inc (United States of America)