Change - Announcement of Cessation::Resignation of Group Chief Financial Officer - Sam Choy Meng (Cen Caiming)

Issuer & Securities

Issuer/ Manager
MC PAYMENT LIMITED
Securities
MC PAYMENT LIMITED - SGXE15822534 - TVV
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Jul-2021 18:58:27
Status
New
Announcement Sub Title
Resignation of Group Chief Financial Officer - Sam Choy Meng (Cen Caiming)
Announcement Reference
SG210702OTHRYJA2
Submitted By (Co./ Ind. Name)
Ng Weng Sui Harry
Designation
Non-Executive Non-Independent Director
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, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist ("Catalist Rules").

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 correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.

Additional Details

Name Of Person
Sam Choy Meng (Cen Caiming)
Age
44
Is effective date of cessation known?
Yes
If yes, please provide the date
01/07/2021
Detailed Reason (s) for cessation
On 1 July 2021, Ms. Madeline Sam Choy Meng (Cen Caiming) ("Ms. Madeline") tendered her resignation as the Group Chief Financial Officer of the Company ("Group CFO") with immediate effect. In accordance with her employment contract with the Company (as supplemented from time to time), Ms. Madeline will serve the requisite 6-month notice period as the Group CFO, and will ensure a smooth transition and complete handover of her duties.

Ms. Madeline informed that she tendered her resignation due to health reasons as she is scheduled to undergo an upcoming operation, which has been long delayed as a result of her involvement in the reverse takeover by the Company that was completed in February 2021.

Based on its enquiries with Ms. Madeline and to the best of its knowledge, the Company's sponsor, ZICO Capital Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Ms. Madeline as the Group CFO. In addition, there are no concerns with regards to financial reporting that led to the resignation of Ms. Madeline and there are no disagreements between her and the Board of Directors of the Company with regards to practices that would have an impact to the Company's financial reporting.
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
18/02/2021
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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
7
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Financial Officer
Role and responsibilities
Executive. Ms. Madeline is responsible for the financial management, taxation, governance framework and corporate acquisition initiatives of the Company and its subsidiaries.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None, save for Ms. Madeline being a shareholder of the Company (details as set out herein).
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
116,950 ordinary shares (0.04%) in the Company
Past (for the last 5 years)
Other Principal Commitments:
Nil

Directorships:
MC Payment (HK) Limited
Present
Other Principal Commitments:
Nil

Directorships:
MCP Holdings (Thailand) Co., Ltd.
MC Pay Pte. Ltd. (formerly known as Mobile Credit Payment Pte. Ltd.)