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

Issuer & Securities

Issuer/ Manager
EMS ENERGY LIMITED
Securities
EMS ENERGY LIMITED - SG1CA0000002 - 42O
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-May-2018 17:47:07
Status
New
Announcement Sub Title
Resignation of Chief Financial Officer
Announcement Reference
SG180504OTHR92AQ
Submitted By (Co./ Ind. Name)
Chew Kok Liang
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please refer to information below.

This announcement has been prepared by EMS Energy Limited (the "Company") and its contents have been reviewed by the Company s sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited ( SGX-ST ) Listing Manual Section B: Rules of Catalist. The Sponsor has not 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 persons for the Sponsor are Mr Alvin Soh, Head of Catalist Operations, Senior Vice President, and Mr Lan Kang Ming, Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Lim Chien Joo Derick
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
05/05/2018
Detailed Reason (s) for cessation
Mr Derick Lim has decided to resign as Chief Financial Officer of the Group due to family commitment and to pursue other interests and career opportunities.

The Company's sponsor, UOB Kay Hian Private Limited, after having interviewed Mr Derick Lim, is not aware of any other material reasons for the cessation of Mr Lim as the Chief Financial Officer of the Company.

In addition, there are no concerns with regard to financial reporting that led to the departure of Mr Lim and there are no disagreements between Mr Lim and the Company s board of directors with regard to practices that will have a material impact to the Group s financial reporting.

The Company is in the process of seeking for a suitable candidate to fill the position of CFO. During this period, a senior finance personnel will oversee the finance operations of the Company under the supervision of the Chief Executive Officer.
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
01/03/2018
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Responsible for the Group's finance functions, tax and financial reporting
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)
Dilon Trading (S) Pte Ltd
Host Pte Ltd
Host Electrical Pte Ltd
OSEC Shipyard Pte Ltd
ETS-Oakwell Co., Ltd
Oakwell Engineering (M) Sdn Bhd
Oakwell Engineering (Vietnam) Co., Ltd
Present
EMS Energy Solutions Pte Ltd
Ascellent Pte Ltd

Mr Lim is currently in the process of step down as a director of the Company's subsidiary, EMS Energy Solutions Pte Ltd.