Change - Announcement of Cessation::Cessation of Chief Executive Officer and Executive Director

Issuer & Securities

Issuer/ Manager
SEVENS ATELIER LIMITED
Securities
SEVENS ATELIER LIMITED - SG1Q04920423 - 5EW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Feb-2024 20:27:12
Status
New
Announcement Sub Title
Cessation of Chief Executive Officer and Executive Director
Announcement Reference
SG240229OTHR7PPW
Submitted By (Co./ Ind. Name)
Lawrence Chen
Designation
Non-Executive Chairman and Independent Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Executive Officer and Executive Director

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (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. Foo Jien Jieng, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Hong Eng Leong, Jeffery
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
15/03/2024
Detailed Reason (s) for cessation
Mr Hong Eng Leong, Jeffrey ("Mr Hong") resigned as he wishes to re-prioritise his life at this juncture by focusing more on his physical well-being, and revisit his old passion & hobbies.

The Company is currently in search of the replacement Chief Executive Officer and will provide the necessary update(s) in due course.

After having interviewed Mr Hong and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd. is satisfied that save as disclosed in this announcement, there are no other material reason for the cessation of Mr Hong as the Chief Executive Officer and Executive Director of Sevens Atelier Limited.
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
04/07/2022
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)
3
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 Executive Officer and Executive Director
Role and responsibilities
Mr Hong's responsibility is to manage the overall business development, management, operations and strategic planning of the Group.
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)
None.
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