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

Issuer & Securities

Issuer/ Manager
JAWALA INC.
Securities
JAWALA INC. - MYA013922002 - 1J7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Jul-2022 18:15:54
Status
New
Announcement Sub Title
Resignation of Group Financial Controller
Announcement Reference
SG220705OTHRO7DM
Submitted By (Co./ Ind. Name)
Datuk Jema Khan
Designation
Chairman
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Kevin Chia Tshen Hui as Group Financial Controller.

This announcement has been prepared by Jawala Inc. (the "Company") and its contents have been reviewed by UOB Kay Hian Private Limited (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

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 accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Kevin Chia Tshen Hui
Age
33
Is effective date of cessation known?
Yes
If yes, please provide the date
25/07/2022
Detailed Reason (s) for cessation
To pursue other career opportunities.

Based on its enquiries, the Company's sponsor, UOB Kay Hian Private Limited, is satisfied that, save as disclosed in the announcement, there are no other material reasons for the cessation of Mr Kevin Chia as the Group Financial Controller.

Mr Kevin Chia has confirmed that there are no concerns with regards to financial reporting that led to his cessation and there is no disagreement between him and the Board of Directors of the Company with regards to practices that would have an impact to 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
01/06/2021
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)
1
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.)
Group Financial Controller
Role and responsibilities
The Group Financial Controller is responsible for the overall accounting, finance and tax, risk management and internal controls, HR and other functions.

The current Chief Financial Officer of the Company, Ms Julie Tan will continue to oversee the financial function of the Group upon the resignation of Mr Kevin Chia.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
N.A.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Not holding any directorship in any company for the past 5 years.
Present
Not holding any directorship in any company currently.