Change - Announcement of Cessation::Retirement of Chief Financial Officer

Issuer & Securities

Issuer/ Manager
JAWALA INC. - MYA013922002 - 1J7
Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-May-2023 17:42:24
Announcement Sub Title
Retirement of Chief Financial Officer
Announcement Reference
Submitted By (Co./ Ind. Name)
Datuk Jema Khan
Description (Please provide a detailed description of the event in the box below)
Retirement of Ms Julie Tan Lay Ching as Chief Financial Officer.

This announcement has been prepared by Jawala Inc. (the "Company") and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the relevant rules of 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
Julie Tan Lay Ching
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Retirement. 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 retirement of Ms Julie Tan Lay Ching ("Ms Julie Tan") as the Chief Financial Officer of the Company.

Ms Julie Tan has confirmed that there are no concerns with regards to the Company's financial reporting that had led to her retirement, and there is also no disagreement between her and the Board of Directors of the Company with regards to practices that would 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?
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.)
Chief Financial Officer
Role and responsibilities
The Chief Financial Officer oversees the accounting and finance matters of the Group and has overall responsibility for the framework and implementation of finance-related activities including management and financial reporting, budgeting, compliance and tax-related matters.

Following the retirement of Ms Julie Tan as the Chief Financial Officer, the accounting and financial matters of the Group will be overseen by the Group Financial Controller.
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?
Shareholding Details
140,000 shares in Jawala Inc.
Past (for the last 5 years)
Komarkcorp Berhad
Jawala Plantation Industries Sdn Bhd