Change - Announcement of Cessation::RESIGNATION OF MANAGING DIRECTOR
Issuer & Securities
OXPAY FINANCIAL LIMITED
OXPAY FINANCIAL LIMITED - SGXE15822534 - TVV
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
RESIGNATION OF MANAGING DIRECTOR
Submitted By (Co./ Ind. Name)
Ching Chiat Kwong
Non-Executive Non-Independent Chairman
Description (Please provide a detailed description of the event in the box below)
Resignation of Managing Director - Tan Chee Keong
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) 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 correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Ms. Goh Mei Xian, Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.
Name Of Person
Tan Chee Keong
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue other career opportunities.
After having interviewed Mr. Tan and to the best of its knowledge, the Company's Sponsor, ZICO Capital Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for Mr. Tan's resignation.
The Company is in the midst of confirming a potential candidate for the role of Managing Director and will make the necessary announcement when practicable.
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.)
Role and responsibilities
Responsible for the overall strategic direction and development of the Company and its subsidiaries (the "Group") as well as for overseeing the marketing efforts and the technical operations of the Group.
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?
540,037 ordinary shares of OxPay Financial Limited
Past (for the last 5 years)
OxPay Financial Limited
OxPay SG Pte. Ltd.
OxPay Global Venture Pte. Ltd.
OxPay Investment Pte. Ltd.
OxPay Solutions Pte. Ltd.
Ffastpay Pte. Ltd.
OxPay (M) Sdn. Bhd.
OxPay Holdings (Thailand) Co. Ltd.
OxPay (Thailand) Co. Ltd.