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

Issuer & Securities

Issuer/ Manager
NOVO GROUP LTD.
Securities
NOVO GROUP LTD. - SG2C46963931 - MR8
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-May-2016 17:20:03
Status
New
Announcement Sub Title
Cessation of Chief Financial Officer
Announcement Reference
SG160518OTHR9WOM
Submitted By (Co./ Ind. Name)
Zhu Jun
Designation
Executive Chairman and Executive Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Financial Officer

Additional Details

Name Of Person
Kwok Tung Fai
Age
44
Is effective date of cessation known?
Yes
If yes, please provide the date
19/05/2016
Detailed Reason (s) for cessation
To pursue other career opportunities.
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?
Yes
If Yes, Please provide full details
The Company is seeking a suitable replacement for Mr Kwok and there is no impact on the Company's operation caused by his resignation.
Date of Appointment to current position
18/12/2015
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Responsible for the Group's investor relations, banking facilities and financial accounting matters.For compliance matters, CFO co-ordinate with legal counsels.
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?
No
Past (for the last 5 years)
Executive Director of TC Orient Lighting Holdings Ltd for the period from April 2012 to August 2014
Present
Nil