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

Issuer & Securities

Issuer/ Manager
Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Apr-2018 17:16:10
Announcement Sub Title
Resignation of Chief Financial Officer
Announcement Reference
Submitted By (Co./ Ind. Name)
Serge Pun
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Announcement on the resignation of Chief Financial Officer.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's continuing sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), for compliance with 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 accuracy, completeness or correctness of any of the information, statements or opinions made, or reports contained in this announcement.

The contact person for the Sponsor is Ms Gillian Goh, Director, Head of Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, and E-mail:

Additional Details

Name Of Person
Teo Yiam Beng
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue other professional interest.

Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. is satisfied that, save as disclosed, there are no other material reasons for the resignation of Mr. Teo Yiam Beng as the Chief Financial Officer of the Company.

In addition, there are no concerns with regards to the financial reporting that led to the departure of Mr. Teo Yiam Beng and there are no disagreement between Mr. Teo Yiam Beng and the Company's Board of Directors with regards to the 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?
If Yes, Please provide full details
Mr. Ng Jia Wei, the Financial Controller will assume the responsibilities to oversee the finance and accounting matters of the Company.
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
Mr. Teo is the Chief Financial Officer of the Company and is responsible for the financial matters of the Company.
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?
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