Change - Announcement of Cessation::Cessation of Chief Financial Officer

Issuer & Securities

Issuer/ Manager
CCM GROUP LIMITED
Securities
CCM GROUP LIMITED - SG2B84959255 - 5QZ

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-May-2014 23:58:00
Status
New
Announcement Sub Title
Cessation of Chief Financial Officer
Announcement Reference
SG140527OTHRG5V1
Submitted By (Co./ Ind. Name)
Chan Heng Fai
Designation
Executive Director and Chief Executive Officer
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, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). 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 correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Mark Liew, Managing Director, Corporate Finance, at 20 Cecil Street, #21-02 Equity Plaza, Singapore 049705, telephone (65) 6229-8088.

Additional Details

Name Of Person
Goh Tcheng Hion
Age
42
Is effective date of cessation known?
Yes
If yes, please provide the date
02/06/2014
Detailed Reason (s) for cessation
Mr Goh Tcheng Hion ("Mr Goh") has decided to resign as the Chief Financial Officer ("CFO") of the Group on his own accord to pursue other career opportunities.

Based on its enquiries, 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 resignation of Mr Goh as the CFO of CCM Group Limited.

In addition, there are no concerns with regards to financial reporting that led to the departure of the Company's CFO and there are no disagreements between the CFO and the Board of Directors of the Company with regards to practices that will 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?
Yes
If Yes, Please provide full details
The Group has appointed Mr Chew Sien Lup as the interim CFO of the Group while the Company continues to identify a suitable candidate for CFO.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
07/04/2014
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
12
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer of the Group
Role and responsibilities
Mr Goh is responsible for the Group's financial and accounting matters and its compliance with financial reporting and regulatory requirements.
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
Other Directorships
Past (for the last 5 years)
Nil
Present
Linair Technologies (Suzhou) Co., Ltd