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

Issuer & Securities

Issuer/ Manager
RYOBI KISO HOLDINGS LTD.
Securities
RYOBI KISO HOLDINGS LTD. - SG1Z28952732 - J8O
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Jun-2015 17:08:49
Status
New
Announcement Sub Title
Announcement of Cessation of Chief Financial Officer
Announcement Reference
SG150626OTHRBROZ
Submitted By (Co./ Ind. Name)
Tan Ghee Hwa
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please refer to additional details.

Additional Details

Name Of Person
Lim Soh Hoon
Age
46
Is effective date of cessation known?
Yes
If yes, please provide the date
29/06/2015
Detailed Reason (s) for cessation
The Board of Directors of Ryobi Kiso Holdings Ltd. ("Company") wishes to announce the resignation of Ms Lim Soh Hoon, the Chief Financial Officer ("CFO") of the Company, with effect from 29 June 2015. Ms Lim has tendered her resignation as she wishes to pursue other career opportunities.

Ms Lim has confirmed to the Audit Committee and the Board other than as disclosed above, there are no other material reasons for her resignation and that she is not aware of any irregularities in the Company which would have a material impact on the group, including financial reporting.

The Board wishes to record its appreciation to Ms Lim for her efforts and contributions during her tenure as CFO of the Company.

Her duties will be taken over by Mr Ken Tan Jay Kuan, who is currently the Group Financial Controller and the finance team.
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
01/05/2010
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer of Ryobi Kiso Holdings Ltd
Role and responsibilities
Responsible for the Ryobi Kiso Group's accounting, finance, treasury and tax functions.
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?
No
Past (for the last 5 years)
None
Present
None