Change - Announcement of Cessation::Cessation of Executive Director and Chief Operating Officer of the Company

Issuer & Securities

Issuer/ Manager
SMJ INTERNATIONAL HOLDINGS LTD.
Securities
SMJ INTERNATIONAL HOLDINGSLTD. - SG1AA4000002 - 40B
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Dec-2017 18:46:03
Status
New
Announcement Sub Title
Cessation of Executive Director and Chief Operating Officer of the Company
Announcement Reference
SG171228OTHR66KE
Submitted By (Co./ Ind. Name)
Chow Wen Kwan Marcus
Designation
Independent Non-Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Director and Chief Operating Officer of the Company.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, Hong Leong Finance Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume 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 Mr Tang Yeng Yuen, Vice President, Head of Corporate Finance, at 16 Raffles Quay, #40-01A Hong Leong Building, Singapore 048581, telephone: +65 6415 9886.

Additional Details

Name Of Person
Lee Lay Choo
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2018
Detailed Reason (s) for cessation
The resignation of Ms Lee Lay Choo is in accordance with the terms of the sale and purchase agreement dated 20 October 2017 in relation to the disposal by the Company of its entire 100% equity interest in SMJ Furnishings (S) Pte Ltd.

Based on its enquiries, the Company's Sponsor, Hong Leong Finance Limited, is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the resignation of Ms Lee Lay Choo.
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
31/12/2013
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Operating Officer of the Company.
Role and responsibilities
Responsible for the day-to-day operation, purchasing and inventory management.
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?
Yes
Shareholding Details
Ms Lee Lay Choo holds 3,200,000 ordinary shares in the Company.
Past (for the last 5 years)
Nil
Present
SMJ Furnishings (S) Pte Ltd