Change - Announcement of Cessation::Cessation of Group Financial Controller
Issuer & Securities
PAN ASIAN HOLDINGS LIMITED
PAN ASIAN HOLDINGS LIMITED - SG1Q04920423 - 5EW
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Group Financial Controller
Submitted By (Co./ Ind. Name)
Richard Koh Chye Heng
Description (Please provide a detailed description of the event in the box below)
Cessation of Group Financial Controller.
This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.
The contact person for the Sponsor is Ms. Foo Jien Jieng, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, firstname.lastname@example.org.
Name Of Person
Isaiah Yap Chun Hong
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue a finance related position in another industry.
The notice period to be served is two months from 11 January 2022.
The Company is actively looking for a replacement and will make the necessary announcement in due course.
After having interviewed Mr Isaiah Yap ("Isaiah") and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Isaiah as the Group Financial Controller of the Company.
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.)
Group Financial Controller
Role and responsibilities
Isaiah is 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
Shareholding interest in the listed issuer and its subsidiaries?
100 shares of the Company.
Past (for the last 5 years)
December 2018 to May 2019
Audit Manager of KPMG LLP