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

Issuer & Securities

Issuer/ Manager
KIM HENG OFFSHORE & MARINE HOLDINGS LIMITED
Securities
KIMHENG OFFSHORE&MARINE HLDLTD - SG2G57000009 - 5G2
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Oct-2020 18:10:46
Status
New
Announcement Sub Title
Cessation of Chief Financial Officer
Announcement Reference
SG201009OTHR6M0N
Submitted By (Co./ Ind. Name)
Tan Keng Siong Thomas
Designation
Executive Chairman & CEO
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (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 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 Ms Tay Sim Yee (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542

Additional Details

Name Of Person
Michael Law Sai Leung
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
21/12/2020
Detailed Reason (s) for cessation
Mr Michael Law had on 22 September 2020 resigned as the Chief Financial Officer of Kim Heng Offshore & Marine Holdings Limited (the "Company") to pursue other career opportunities.

Currently, he is serving his 3 months' notice and his last day with the Company would be on 21 December 2020.

The Sponsor, after having interviewed Mr Law, is satisfied that, save as disclosed in this announcement, there is no material reason for the cessation of Mr Michael Law as the Chief Financial Officer of the Company.

Mr Nick Lim Wei Ming will take on the role of Chief Financial Officer with effect from 22 December 2020.
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
01/12/2016
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.)
Chief Financial Officer
Role and responsibilities
Responsible for overseeing the financial and management accounting, compliance and taxation matters of the Company
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?
Yes
Shareholding Details
4000 shares
Past (for the last 5 years)
NIL
Present
NIL