Change - Announcement of Cessation::RESIGNATION OF NON-EXECUTIVE INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
OXPAY FINANCIAL LIMITED
Securities
OXPAY FINANCIAL LIMITED - SGXE15822534 - TVV
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Nov-2023 23:14:14
Status
New
Announcement Sub Title
RESIGNATION OF NON-EXECUTIVE INDEPENDENT DIRECTOR
Announcement Reference
SG231124OTHRWKS7
Submitted By (Co./ Ind. Name)
Ching Chiat Kwong
Designation
Non-Executive Non-Independent Chairman
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Executive Independent Director - Chee Kheng Hock Rothschild

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "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 correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Goh Mei Xian, Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Chee Kheng Hock Rothschild
Age
42
Is effective date of cessation known?
Yes
If yes, please provide the date
27/11/2023
Detailed Reason (s) for cessation
Mr Chee would like to focus on his other work commitments.

After having interviewed Mr Chee and to the best of its knowledge, the Company's Sponsor, ZICO Capital Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for Mr Chee's resignation.

The Company has appointed a non-executive independent director to replace Mr Chee. Please refer to the separate appointment announcement released by the Company.
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
30/06/2021
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director, Chairman of the Nominating Committee and member of the Audit Committee and Remuneration Committee
Role and responsibilities
Assumed the role and responsibilities of Non-Executive Independent Director, Chairman of the Nominating Committee and member of the Audit Committee and Remuneration Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Red Dot Payment Pte Ltd
TLCW Ventures Pte. Ltd.
Builder Bros Pte Ltd
Handsome Builder Bros Pte Ltd
Super Builder Bros Pte Ltd
Present
Chee Swee Cheng & Company Pte. Ltd. (alternate director)
Chee Bay Hoon Realty Pte Ltd
Chee Teng Hee Pte Ltd
James Chee Pte. Ltd.
Jonton Partners Pte. Ltd.
Heeren Properties Pte Ltd
New Retail International Pte. Ltd.
Baron Albert Pte Ltd
Scarlet Aesthetics Pte. Ltd.
Swee Cheng Management Pte Ltd
Swee Cheng Holdings Pte Ltd
Wellington Development (S) Pte Ltd