Change - Announcement of Cessation::CESSATION OF FINANCE DIRECTOR

Issuer & Securities

Issuer/ Manager
VALLIANZ HOLDINGS LIMITED
Securities
VALLIANZ HOLDINGS LTD - SGXE15078822 - WPC
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Mar-2019 18:50:27
Status
New
Announcement Sub Title
CESSATION OF FINANCE DIRECTOR
Announcement Reference
SG190312OTHRNO2V
Submitted By (Co./ Ind. Name)
Ling Yong Wah
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Provenance Capital Pte. Ltd. ("Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Wong Bee Eng, Chief Executive Officer, at 96 Robinson Road, #13-01, SIF Building, Singapore 068899.

Telephone: (65) 6227 1580 Email: wongbe@provenancecapital.com

Additional Details

Name Of Person
Kua Chin Teck
Age
37
Is effective date of cessation known?
Yes
If yes, please provide the date
31/03/2019
Detailed Reason (s) for cessation
To pursue other career opportunities.

Based on its enquiries, the Company's Sponsor, Provenance Capital Pte. Ltd. is satisfied that, save as disclosed in this announcement, there are no other material reasons for Mr Kua's resignation as Finance Director of the Company.

Mr Kua's duties will be assumed by Mr Keegan Chua Tze Wee who will take on the role as Finance Director of the Group with effect from 11 March 2019.
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
29/03/2018
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Finance Director
Role and responsibilities
Finance / accounting and administrative 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?
Yes
Shareholding Details
5,555 ordinary shares in Vallianz Holdings Limited.
Past (for the last 5 years)
None
Present
Jit Yu Transport Sdn Bhd
Asia Corporate Advisory Pte. Ltd.
Opulence Capital Pte. Ltd.
Lucidum Capital Pte. Ltd.