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

Issuer & Securities

Issuer/ Manager
ES GROUP (HOLDINGS) LIMITED
Securities
ES GROUP (HOLDINGS) LIMITED - SG2B91959363 - 5RC
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-May-2016 17:49:59
Status
New
Announcement Sub Title
Cessation of Chief Financial Officer
Announcement Reference
SG160527OTHR95YL
Submitted By (Co./ Ind. Name)
Adrian Chan Pengee
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor (the "Sponsor"), Canaccord Genuity Singapore Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

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, Associate Director, Corporate Finance, Canaccord Genuity Singapore Pte. Ltd. at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854 6160.

Additional Details

Name Of Person
Low Nengduan
Age
43
Is effective date of cessation known?
Yes
If yes, please provide the date
27/05/2016
Detailed Reason (s) for cessation
To pursue other career opportunities.

The Company's Sponsor, Canaccord Genuity Singapore Pte. Ltd., after having interviewed Ms Low, is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Ms Low.

In addition, there are no concerns in regard to financial reporting that led to the resignation of Ms Low and there has not been any disagreement with regard to practices that will have an impact on the Company's financial reporting.

Ms Lim Fei Yen, the newly appointed Group's Financial Controller, together with the finance team, will take over Ms Low's duties to ensure continued smooth functioning of the Group subsequent to the resignation of Ms Low.
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
01/03/2015
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Ms Low is responsible for all finance, tax, human resources and accounting matters of the Group.
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)
Nil
Present
Nil