Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION AS CHIEF FINANCIAL OFFICER

Issuer & Securities

Issuer/ Manager: MIDAS HOLDINGS LIMITED
Securities: MIDAS HLDGS LIMITED - SG1P73919000 - 5EN
Stapled Security: No

Announcement Details

Announcement Title: Change - Announcement of Cessation
Date &Time of Broadcast: 01-Jul-2016 18:07:17
Status: New
Announcement Sub Title: ANNOUNCEMENT OF CESSATION AS CHIEF FINANCIAL OFFICER
Announcement Reference: SG160701OTHRULPY
Submitted By (Co./ Ind. Name): Chew Hwa Kwang Patrick
Designation: Executive Director cum CEO
Description (Please provide a detailed description of the event in the box below): The Company is currently seeking a suitable replacement for Mr Chan Chee Kin. Mr Liaw Kok Feng, the Company's Financial Controller, will assume the responsibilities of Mr Chan until the new Chief Financial Officer comes on board. The Board will make an appropriate announcement on the appointment of the new Chief Financial Officer in due course.

The Board wishes to record its appreciation to Mr Chan for his services and contributions during his tenure as the Chief Financial Officer and wishes him all the best in his future endeavours.

This announcement will be released on the website of The Stock Exchange of Hong Kong Limited as an Overseas Regulatory Announcement pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Additional Details

Name Of Person: Chan Chee Kin
Age: 41
Is effective date of cessation known?: Yes
If yes, please provide the date: 30/06/2016
Detailed Reason (s) for cessation: For personal reasons and to pursue other interests.
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: 02/12/2013
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): 2
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 financial management and reporting functions of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries: No relationship with any directors or substantial shareholders.
Shareholding interest in the listed issuer and its subsidiaries?: Yes
Shareholding Details: 550000
Past (for the last 5 years): Gryphon Global Pte. Ltd.
Present: Locus Labs Pte. Ltd.

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