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

Issuer & Securities

Issuer/ Manager
EDITION LTD.
Securities
EDITION LTD. - SG1S42927578 - 5HG
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Jun-2022 18:20:03
Status
New
Announcement Sub Title
Cessation of Group Financial Controller
Announcement Reference
SG220624OTHR13LM
Submitted By (Co./ Ind. Name)
Ong Boon Chuan
Designation
Executive Director and Chief Executive Officer
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, SAC Capital Private Limited (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 Company's Sponsor is Ms Tay Sim Yee (Telephone: (65) 6232 3210) at 1 Robinson Road, #21-00, AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Tew Bee Leng
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
08/07/2022
Detailed Reason (s) for cessation
Ms Tew Bee Leng ("Ms Tew") tendered her resignation as Group Financial Controller on 6 June 2022 to pursue her personal interest in other business. Ms Tew's last day as Group Financial Controller will be on 8 July 2022 and her last day of employment with the Group will be on 5 September 2022.

During Ms Tew's notice period, she will work with Mr Boey Mun Choon, the Financial Controller designate who joined the Company on 6 June 2022 to ensure a smooth transition. During this transition, she will serve as Mentor (Finance - Education and Training) of Edition Ltd.'s Corporate Finance team until her last day on 5 September 2022.

Based on its enquiries, the Company's sponsor, SAC Capital Private Limited, is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the cessation of Ms Tew as the Group Financial Controller.

In addition, there are no concerns with regard to financial reporting that led to the cessation of Ms Tew and there are no disagreements between Ms Tew and the Company's Board of Directors with regard on material matters that may have a material impact on the Group and its 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
16/11/2021
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Financial Controller
Role and responsibilities
Responsible for the Group's finance functions including financial and management reporting, accounting, taxation, internal controls and regular compliance matters.
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
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