Change - Announcement of Cessation::ANNOUNCEMENT ON CESSATION FINANCIAL CONTROLLER

Issuer & Securities

Issuer/ Manager
CHARISMA ENERGY SERVICES LIMITED
Securities
CHARISMA ENERGY SERVICES LTD - SG2B54957198 - 5QT
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Apr-2022 17:59:52
Status
New
Announcement Sub Title
ANNOUNCEMENT ON CESSATION FINANCIAL CONTROLLER
Announcement Reference
SG220418OTHRAXX1
Submitted By (Co./ Ind. Name)
Tan Wee Sin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Financial Controller.

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.
The contact person for the Sponsor is Mr Shervyn Essex, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Yap Chee Yuen
Age
37
Is effective date of cessation known?
Yes
If yes, please provide the date
31/05/2022
Detailed Reason (s) for cessation
Mr. Yap Chee Yuen ("Mr. Yap") has resigned as the Financial Controller of the Company to pursue other opportunities. Mr. Yap is currently serving his notice period until 31 May 2022. The Company is in the midst of identifying a replacement and will make the necessary announcement in due course.

After having interviewed Mr. Yap and to the best of its knowledge, 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 cessation of Mr. Yap as the Financial Controller.

In addition, there are no concerns with regards to financial reporting that led to the cessation of Mr. Yap and there are no disagreements between Mr. Yap and the Board of Directors of the Company with regards to practices that will have an impact on 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?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
01/11/2020
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Financial Controller.
Role and responsibilities
Responsible for the Group's overall finance and secretarial functions which include accounting, internal controls, financial and management reporting, investment, tax, treasury, financial analysis, M&A support, risk management and investor relations.
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