Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION OF CHIEF FINANCIAL OFFICER

Issuer & Securities

Issuer/ Manager
SINGAPORE EDEVELOPMENT LIMITED
Securities
SINGAPORE EDEVELOPMENT LTD - SG1AE2000006 - 40V
SINGAPORE EDEV LTD W161230 - SG30E6000009 - 40XW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Jun-2016 17:29:20
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF CHIEF FINANCIAL OFFICER
Announcement Reference
SG160622OTHR0WVC
Submitted By (Co./ Ind. Name)
Chan Heng Fai
Designation
Executive Director and 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 Hong Leong Finance Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

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 Mr Tang Yeng Yuen, Vice President, Head of Corporate Finance, Hong Leong Finance Limited, at 16 Raffles Quay, #40-01A Hong Leong Building, Singapore 048581, telephone: +65 6415-9886.

Additional Details

Name Of Person
Albert Tan Tiong Heng
Age
44
Is effective date of cessation known?
Yes
If yes, please provide the date
22/06/2016
Detailed Reason (s) for cessation
Mr Albert Tan has tendered his resignation to seek other career opportunities.

The Company's Sponsor, Hong Leong Finance Limited, after having interviewed Mr. Albert Tan, is not aware of any material reasons relating to his resignation as the Chief Financial Officer of the Company which would have an adverse impact on 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?
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?
Yes
If Yes, Please provide full details
In the interim, Mr Alan Lui Wai Leung, the Chief Financial Officer of HotApp International Inc., shall be the acting Chief Financial Officer of the Company and he together with the finance team, will oversee the financial reporting and regulatory compliance of the Group.
Date of Appointment to current position
18/04/2016
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Mr Albert Tan was responsible for the Group's financial and accounting matters and its compliance with financial reporting and regulatory requirements.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
Nil