Change - Announcement of Cessation::Resignation of Financial Controller - Chan Shuh Chet

Issuer & Securities

Issuer/ Manager
CAPITAL WORLD LIMITED.
Securities
CAPITAL WORLD LIMITED. - KYG8763X1189 - 1D5
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Feb-2022 17:32:55
Status
New
Announcement Sub Title
Resignation of Financial Controller - Chan Shuh Chet
Announcement Reference
SG220223OTHR61XP
Submitted By (Co./ Ind. Name)
Siow Chien Fu
Designation
Executive Director & 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, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange"). The Exchange 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. Shervyn Essex, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Chan Shuh Chet
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
08/03/2022
Detailed Reason (s) for cessation
Ms Chan Shuh Chet ("Ms Chan") has resigned for personal reasons and is currently serving her notice until 8 March 2022. She will step down as the Financial Controller and will continue to assist in the Company in financial related matters including assisting in the preparation of the Company's proposal for the resumption of trading.

After having interviewed Ms Chan and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Ms Chan as the Financial Controller 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
27/05/2021
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Financial Controller
Role and responsibilities
Ms Chan is in charge of the financial and accounting functions 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)
Silverone Pte Ltd
Shenzhen Hui Tian International Finance Leasing Co Ltd
Present
Tan Ngan Lo Pte Ltd
Settlers Global Investment Pte Ltd
Two Thirty Pte Ltd