Change - Announcement of Cessation::Resignation of Chief Financial Officer
Issuer & Securities
NIPPECRAFT LIMITED - SG1A83000921 - N32
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Chief Financial Officer
Submitted By (Co./ Ind. Name)
Connie Oi Yan Chan
Executive Chairlady and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr. Lim Poon Kheng Eugene as the Chief Financial Officer of the Company with effect from 29 June 2018.
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), SAC Capital Private Limited, for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("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. Lee Khai Yinn, (Tel: (65) 6532 3829) at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542.
Name Of Person
Lim Poon Kheng Eugene
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue other career opportunities.
The Sponsor of the Company, SAC Capital Private Limited, after interviewing Mr. Lim, is satisfied that other than as disclosed in this announcement, there are no material reasons for the cessation of Mr. Lim.
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.)
Chief Financial Officer
Role and responsibilities
Oversee the treasury, financial reporting, internal controls, risk management, corporate finance, tax and investor relations functions of the Company and its subsidiaries. He reports to the Chief Executive Officer and the Audit Committee.
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)
Resigned on 29 June 2018 as directors of the following subsidiaries within Nippecraft Group.
1. Paperich Pte Ltd, Singapore
2. Debden Importing (UK) Limited, United Kingdom
3. Collins Debden Limited, United Kingdom