Change - Announcement of Cessation::Resignation of Deputy Vice President, Finance - Ng Siew Han
Issuer & Securities
IEV HOLDINGS LIMITED
IEV HOLDINGS LIMITED - SG2D67974808 - 5TN
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Deputy Vice President, Finance - Ng Siew Han
Submitted By (Co./ Ind. Name)
Christopher Nghia Do
President and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Ng Siew Han as Deputy Vice President, Finance
This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited ("Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 Charmian Lim, at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542, telephone: (65) 6232 3210.
Name Of Person
Ng Siew Han
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Ms Ng Siew Han ("Ms Ng") has tendered her resignation as Deputy Vice Preside, Finance of the Company with effect from 30 November 2020 following completion of the disposal of IEV Group Sdn. Bhd. together with its wholly-owned subsidiaries and associated company as announced on 25 November 2020.
The Board of Directors thanks Ms Ng for her invaluable contributions during her tenure of service.
SAC Capital Private Limited, after having interviewed Ms Ng, is satisfied that other than as disclosed in this announcement, there are no material reasons for the cessation of Ms Ng as Deputy Vice President, Finance of the Company. In addition, there are no concerns with regard to financial reporting that led to the resignation of Ms Ng and there have not been any disagreements with regard to practices that will have an impact on the Company's financial reporting.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Deputy Vice President, Finance
Role and responsibilities
Ms Ng is responsible for all aspects of financial and treasury management activities of the Group. She is also responsible for the management of the accounting team to ensure efficiency in the day-to-day operations of the overall accounting activities of all companies.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)