Change - Announcement of Cessation::Cessation as an Executive Officer - Lim Li Jie

Issuer & Securities

Issuer/ Manager
Y VENTURES GROUP LTD.
Securities
Y VENTURES GROUP LTD. - SG1DH7000008 - 1F1
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Sep-2020 17:39:51
Status
New
Announcement Sub Title
Cessation as an Executive Officer - Lim Li Jie
Announcement Reference
SG200930OTHRWXKE
Submitted By (Co./ Ind. Name)
Lew Chern Yong
Designation
Executive Chairman and Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Lim Li Jie as an Executive Officer (Data Analytics Manager) who will be taking on a new role within the Group.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital 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 assume 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:
Name: Mr Leong Weng Tuck, Registered Professional, RHT Capital Pte. Ltd.
Address: 9 Raffles Place, #29-01 Republic Plaza Tower 1, Singapore 048619
Telephone: (65) 6381 6966

Additional Details

Name Of Person
Lim Li Jie
Age
40
Is effective date of cessation known?
Yes
If yes, please provide the date
01/10/2020
Detailed Reason (s) for cessation
Due to the changes in the other roles and responsibilities within the Group and their relative importance, Lim Li Jie will re-linquish his role as an Executive Officer of the Group. His existing role and responsibilities as Data Analytics Manager will be overseen by Low Yik Jin, the Chief Executive Officer and Executive Director of the Group, whom he has been reporting to. Moving forward, Lim Li Jie will be responsible for maintaining the database which the data analytics team is currently drawing from for their work.

The Company's Sponsor, RHT Capital Pte. Ltd. conducted an interview with Lim Li Jie and is satisfied that, save as disclosed, in this announcement, there are no material reasons for the cessation of Lim Li Jie as an Executive Officer of the Group and he will take on a new role within the Group moving forward.
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
11/07/2017
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)
4
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.)
Data Analytics Manager
Role and responsibilities
Responsible for implementing, improving and managing the data analytics capabilities of the Group, with a focus on the books publishing product category.
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