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

Issuer & Securities

Issuer/ Manager
SILKROAD NICKEL LTD.
Securities
SILKROAD NICKEL LTD. - SGXE31916740 - STP
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Aug-2020 18:38:45
Status
New
Announcement Sub Title
Resignation of Chief Financial Officer
Announcement Reference
SG200827OTHRWLMF
Submitted By (Co./ Ind. Name)
Hong Kah Ing
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Please refer to details below.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

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 Ms Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road. #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.

Additional Details

Name Of Person
Liew Wei Chun
Age
45
Is effective date of cessation known?
Yes
If yes, please provide the date
01/09/2020
Detailed Reason (s) for cessation
Mr Liew Wei Chun ("Mr Liew") had, on 17 August 2020, tendered his resignation as the Chief Financial Officer of the Company to pursue other career opportunities.

The board of directors of the Company accepted Mr Liew's resignation on 26 August 2020, and pursuant to mutual agreement with the Company, Mr Liew's last day of employment with the Company will be 31 August 2020.

The Company is in the process of finalising the appointment of a candidate for the position of the Chief Financial Officer, and will make the necessary announcement when the candidate is appointed.

There are no concerns with regards to financial reporting that led to the cessation of Mr Liew as the Chief Financial Officer of the Company and there are no disagreements between Mr Liew and the board of directors of the Company with regards to practices that would have an impact to the Company's and the Group's financial reporting.

The Sponsor, after having interviewed Mr Liew, is satisfied that, other than as disclosed in this announcement, there are no material reasons for the cessation of Mr Liew as the Chief Financial Officer 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?
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
21/08/2018
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)
1
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
Role and responsibilities
Responsible for all accounting, financial and taxation matters of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
Nil