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

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
30-Nov-2016 18:13:08
Status
New
Announcement Sub Title
Cessation of Chief Financial Officer
Announcement Reference
SG161130OTHR7WBX
Submitted By (Co./ Ind. Name)
Ong Chin Sum
Designation
Chief Executive Officer
Effective Date and Time of the event
30/11/2016 18:00:00
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Financial Officer

Additional Details

Name Of Person
Laura Ng Ying Shu
Age
39
Is effective date of cessation known?
Yes
If yes, please provide the date
30/11/2016
Detailed Reason (s) for cessation
For personal interest development.
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
01/10/2013
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Responsible for the full spectrum of Financial, Taxation, and Treasury functions of the Group. Areas under purview include:
- Financial Accounting;
- Management Accounting
- Budgeting and Forecasting
- Statutory reporting to relevant authorities in all jurisdictions that the Group operates in
- Internal controls and compliance with corporate, legal, accounting and operational requirements
- Taxation and tax planning
- Treasury management including debt and equity instruments and managing relationships with relevant financial and legal institutions
- Feasibility study of projects, joint ventures and mergers and acquisitions which the Group may embark on from time to time
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
N.A.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
N.A.
Present
N.A.