Change - Announcement of Cessation::Cessation of Deputy Chief Operating Officer

Issuer & Securities

Issuer/ Manager
MONEYMAX FINANCIAL SERVICES LTD.
Securities
MONEYMAX FINANCIAL SERVICESLTD - SG2G06995143 - 5WJ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Oct-2017 19:56:31
Status
New
Announcement Sub Title
Cessation of Deputy Chief Operating Officer
Announcement Reference
SG171027OTHRQD6A
Submitted By (Co./ Ind. Name)
Lim Yong Guan
Designation
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by MoneyMax Financial Services Ltd. (the "Company" ) and its contents have been reviewed by the sponsor of the
Company, United Overseas Bank Limited (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 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 Sponsor is Mr Chia Beng Kwan, Senior Director, Equity Capital Markets, who can be contacted at 80 Raffles Place, 03-03 UOB Plaza 1.

Additional Details

Name Of Person
Chan Huan Yong
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
27/10/2017
Detailed Reason (s) for cessation
To pursue other interests.

The Sponsor after having interviewed Mr Chan Huan Yong, is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Chan.
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
18/04/2017
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)
3
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.)
Deputy Chief Operating Officer
Role and responsibilities
He is responsible for overseeing the business and operations of the Group, which include but is not limited to business development, finance, administration, corporate secretary, corporate governance and communication.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
SHS Holdings Ltd.
Eastern Tankstore (S) Pte. Ltd.
TAT Petroleum Pte. Ltd.
Serangoon EC Pte. Ltd.
SHS Capital Pte. Ltd.
Encore Investment Pte. Ltd.
TT Energy Pte. Ltd.
Present
NIL