Change - Announcement of Cessation::Cessation of Group Financial Controller

Issuer & Securities

Issuer/ Manager
SEVENS ATELIER LIMITED
Securities
SEVENS ATELIER LIMITED - SG1Q04920423 - 5EW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Jun-2022 18:38:06
Status
New
Announcement Sub Title
Cessation of Group Financial Controller
Announcement Reference
SG220624OTHRTHSH
Submitted By (Co./ Ind. Name)
Lim Xiu Fang, Vanessa
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Group Financial Controller.

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms. Foo Jien Jieng, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Tang Yujie
Age
33
Is effective date of cessation known?
Yes
If yes, please provide the date
24/06/2022
Detailed Reason (s) for cessation
Unless otherwise defined, all capitalised terms used herein shall have the same meaning as ascribed to them in the circular to shareholder dated 20 May 2022 (the "Circular").

Pursuant to the Disposal SPA as mentioned in the Circular, Mr Tang Yujie has on the Completion date of 14 June 2022 ceased his position as the Group Financial Controller with immediate effect. Since the Completion, the Company has been in discussion with Mr Tang Yujie to extend his employment with the Company for a smooth handling over. It has been mutually decided that Mr Tang Yujie shall resign with effect from 24 June 2022.

The Company is actively looking for a replacement and will make the necessary announcement in due course.

After having interviewed Mr Tang Yujie and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Tang Yujie as the Group Financial Controller 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?
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
11/03/2022
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
Executive.

Tang Yujie is responsible for all financial matters within the Group including financial reporting, financial planning, treasury, taxation and liaison with financial institutions.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Apr 2021 to Feb 2022
Assurance And Corporate Services, Senior Manager of Prime Accountants LLP

Sep 2020 to Apr 2021
Manager of Athel Assurance Public Accounting Corporation

Oct 2019 to Sep 2020
Finance Manager of Zenrock Commodities Trading Pte Ltd

Jul 2019 to Oct 2019
Finance Manager of SCI Ecommerce Pte Ltd

Nov 2014 to Jul 2019
Audit Manager of RSM Chio Lim LLP
Present
None