Change - Announcement of Cessation::Resignation of Chief Business Development Officer
Issuer & Securities
AYONDO LTD. - SG1ED1000001 - 1I5
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Chief Business Development Officer
Submitted By (Co./ Ind. Name)
Description (Please provide a detailed description of the event in the box below)
Resignation of Ms Mita Natarajan as Chief Business Development Officer of the Company.
ayondo Ltd. (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 26 March 2018. The initial public offering of the Company was sponsored by UOB Kay Hian Private Limited (the "Sponsor").
This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the relevant rules of the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.
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 accuracy, completeness or correctness of any of the information, statements or opinions made, or reports contained in this announcement.
The contact person for the Sponsor is Mr Gregory Wee Toon Lee, Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue other career opportunities.
The Company's Sponsor, UOB Kay Hian Private Limited, having interviewed Ms Mita Natarajan ("Ms Natarajan"), is not aware of any other material reasons for the cessation of Ms Natarajan as the Chief Business Development 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Business Development Officer
Role and responsibilities
Ms Natarajan is responsible for the business development of the Company and its subsidiaries including the growth of B2B business in Asia, together with investor relations.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
1. ayondo Asia Pte. Ltd.*
2. Investor Relations Professionals Association (Singapore)(IRPAS)
*As Ms Natarajan is the sole director of ayondo Asia Pte. Ltd., she will be stepping down as the director once the replacement director has been identified.