Change - Announcement of Cessation::Cessation of Chief Financial Officer
Issuer & Securities
SINO GRANDNESS FOOD INDUSTRY GROUP LIMITED
SINO GRANDNESS FOOD IND GP LTD - SG2G19997136 - T4B
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Chief Financial Officer
Submitted By (Co./ Ind. Name)
CHAIRMAN AND CEO
Description (Please provide a detailed description of the event in the box below)
Mr Tso Sze Wai, Jackson has ceased to be the Chief Financial Officer of the Company with effect from 11 August 2020.
Name Of Person
Tso Sze Wai, Jackson
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
The appointment of Mr Tso Sze Wai, Jackson as the Chief Financial Officer ("CFO") of the Company be terminated due to operation reasons, and in view that Mr Tso Sze Wai, Jackson is unable to travel to China for fulfillment of his duties as CFO in light of the recent tightening of travel restrictions in Hong Kong. Mr Tso Sze Wai, Jackson is also unable to follow up on any corporate actions in Singapore in near term.
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?
If Yes, Please provide full details
There are no other material reasons for his departure.
Mr Tso has confirmed that in his view, save for the accrual in salaries and compensation payable to himself as well as the matters disclosed in the financial results announcement for the financial year ended 31 December 2019, there are no other material reporting matters which should be brought to the attention of the shareholders.
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.)
Chief Financial Officer
Role and responsibilities
Responsible for providing leadership and direction for all aspects of financial planning, internal control compliance, financial reporting matters of the Company and its Group of companies, and communication of financial performance and forecast of the Group's performance to the Board of Directors and SGX.
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)
1. Hua Han Health Industry Holdings Limited
1. Net Pacific Holdings Limited
2. KTL Global Limited
3. China Jicheng Holdings Limited