Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION OF GROUP FINANCIAL CONTROLLER

Issuer & Securities

Issuer/ Manager
LIVINGSTONE HEALTH HOLDINGS LIMITED
Securities
LIVINGSTONE HEALTH HLDGS LTD - SGXE70643320 - PRH
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Nov-2022 17:18:41
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF GROUP FINANCIAL CONTROLLER
Announcement Reference
SG221116OTHROPU3
Submitted By (Co./ Ind. Name)
Tay Ching Yit, Wilson
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited ("Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("SGX-ST") and the SGX-ST 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 David Yeong, at 1 Robinson Road #21-00 AIA Tower Singapore 048542, Telephone: +65 6232 3210.

Additional Details

Name Of Person
Mr. Leow Chin Yew
Age
36
Is effective date of cessation known?
Yes
If yes, please provide the date
30/11/2022
Detailed Reason (s) for cessation
To pursue other career opportunities.

Mr. Leow Chin Yew ("Mr. Leow") has confirmed that there are no concerns with regard to the Group's financial reporting nor disagreements on practices that will have an impact on the Group's financial reporting that has led to his resignation.

Mr. Leow's roles and responsibilities will be undertaken by Ms. Lee Qiao Fan ("Ms. Lee"), the current Finance Manager of the Company, who will be redesignated as the Group's Interim Financial Controller with effect from 1 November 2022. The Nominating Committee ("NC") has reviewed Ms. Lee's qualifications, experience and suitability, and recommended to the Board her redesignation.

Ms. Lee will be supported by Ms. Diana Boon, Assistant Finance Manager of the Company, and the existing finance team. Ms. Lee has been with the Company since 13 August 2019 and is familiar with the financial aspects and internal workings of the Group. Ms. Lee will have direct access to the Chairman and the members of the Audit Committee and the Board.

At the same time, the Group continues to assess both internal and external talents for the finance team.

SAC Capital Private Limited, after having interviewed Mr. Leow, is satisfied that, save as disclosed in the announcement, there are no material reasons for the resignation of Mr. Leow as the Financial Controller of the Group.
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
01/10/2018
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)
3
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.)
Group Financial Controller
Role and responsibilities
Mr. Leow Chin Yew is the Group Financial Controller at Livingstone Health Holdings Limited.
He is responsible for the Group's financial and management accounting, treasury, taxation, and other corporate compliance matters.
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)
Nil
Present
Nil