Change - Announcement of Cessation::Announcement of Cessation of Group Chief Financial Officer
Issuer & Securities
TEE INTERNATIONAL LIMITED
TEE INTERNATIONAL LIMITED - SG2C64965297 - M1Z
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Announcement of Cessation of Group Chief Financial Officer
Submitted By (Co./ Ind. Name)
YEO AI MEI
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Group Chief Financial Officer.
Name Of Person
Richard Lai Tak Loi
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
The Board of Directors of TEE International Limited (the Company) wishes to announce that Mr Richard Lai Tak Loi, Group Chief Financial Officer (CFO) of the Company, has resigned from the Company to pursue other career opportunities.
Mr Lai will relinquish his role as Group CFO on 15 January 2015.
The responsibilities of group reporting and operations and group corporate finance will be covered by Mr Nelson Wong Yuan Haw, who was re-designated to Group Financial Controller in view of Mr Lai s resignation.
In addition, other matters such as investor relations & corporate communications; and legal & corporate secretarial, which were previously assumed by Mr Lai, would be taken over by the various heads of department.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Financial Officer
Role and responsibilities
Overall responsibilities include the Group s financial matters including financial reporting; corporate finance and treasury; tax; investor relations and corporate communications; and legal and corporate secretarial.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
From May 2010 to Aug 2012
Mapletree Logistics Trust Management Ltd. and its subsidiaries and the subsidiaries of Mapletree Logistics Trust.