Change - Announcement of Cessation::Announcement of Cessation of Chief Financial Officer of Raffles Digital Infrastructure Pte. Ltd.

Issuer & Securities

Issuer/ Manager
RAFFLES INFRASTRUCTURE HOLDINGS LIMITED
Securities
RAFFLES INFRASTRUCTUREHLDGSLTD - BMG7354C1038 - LUY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Oct-2023 17:52:15
Status
New
Announcement Sub Title
Announcement of Cessation of Chief Financial Officer of Raffles Digital Infrastructure Pte. Ltd.
Announcement Reference
SG231030OTHR9RCK
Submitted By (Co./ Ind. Name)
Eric Choo Han Kiat
Designation
Executive Officer
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Chief Financial Officer of Raffles Digital Infrastructure Pte. Ltd.

Additional Details

Name Of Person
XIE LI
Age
44
Is effective date of cessation known?
Yes
If yes, please provide the date
30/10/2023
Detailed Reason (s) for cessation
Ms. Xie Li initially resigned on May 5, 2023, but later withdrew her resignation on May 11, 2023. However, on October 25, 2023, she requested her resignation again. On October 28, 2023, Ms. Xie Li sought an immediate and effective resignation, and explained that her role as CFO had become challenging due to the absence of a well-defined reporting structure. This made it difficult for her to perform her CFO duties effectively. Consequently, she has decided to explore other career opportunities.

Ms Xie Li confirms that there are no concerns or disagreements with the Board or management of the Company over matters involving the Company that led to her resignation.
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
12/01/2023
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
8
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief financial officer of Raffles Infrastructure Holdings Limited.
Role and responsibilities
As the Group Chief Financial Officer, she is responsible for overseeing financial strategy, reporting, risk management, compliance, and overall financial health to drive the group's success.
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)
Frontier Corporate Service Pte. Ltd.
Present
Nil