Change - Announcement of Cessation::Cessation of Financial Controller

Issuer & Securities

Issuer/ Manager
COSMOSTEEL HOLDINGS LIMITED
Securities
COSMOSTEEL HOLDINGS LIMITED - SG1V08936188 - B9S
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-May-2025 18:48:23
Status
New
Announcement Sub Title
Cessation of Financial Controller
Announcement Reference
SG250521OTHRX1IM
Submitted By (Co./ Ind. Name)
Ong Tong Hai
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Benjamin Ng Loong Tatt as Financial Controller of CosmoSteel Holdings Limited ("Company").

Additional Details

Name Of Person
Benjamin Ng Loong Tatt
Age
41
Is effective date of cessation known?
Yes
If yes, please provide the date
15/08/2025
Detailed Reason (s) for cessation
Mr Benjamin Ng Loong Tatt ("Mr Benjamin") has resigned from his position as Financial Controller of the Company due to personal reasons. Mr Benjamin has been with the Company since 2 September 2024.

After having interviewed Mr Benjamin and to the best knowledge of the Company, the Company is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Benjamin as Financial Controller of the Company.

In addition, the Company notes that there are no concerns with regards to the financial reporting of the Group that led to the cessation of Mr Benjamin and there are no disagreements between Mr Benjamin and the Board of Directors of the Company with regards to practices that will have an impact on the Company's financial reporting.

Mr Benjamin is currently serving his notice period pursuant to the terms of his service contract with the Company up until 15 August 2025. A further announcement will be made as and when the appointment of a candidate to fill the position of Financial Controller/CFO has been confirmed and finalised.
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
02/09/2024
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Financial Controller.
Role and responsibilities
He is responsible for all finance, tax and accounting matters, including results reporting, cashflow planning, budgeting and compliance matters of the Company and the Group.
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)
Not applicable
Present
Not applicable