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

Issuer & Securities

Issuer/ Manager
FU YU CORPORATION LIMITED
Securities
FU YU CORPORATION LTD - SG1B56010922 - F13
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-Oct-2022 18:47:09
Status
New
Announcement Sub Title
Cessation of Chief Financial Officer
Announcement Reference
SG221007OTHRGA98
Submitted By (Co./ Ind. Name)
Kong Wei Fung
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Ms Hee Siew Fong as Chief Financial Officer of the Company

Additional Details

Name Of Person
Hee Siew Fong
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
20/12/2022
Detailed Reason (s) for cessation
The Company and Ms Hee Siew Fong ("Ms Hee") have agreed to part ways mutually by settlement agreement. Her last day of employment as Chief Financial Officer of the Company will be on 20 December 2022.

During Ms Hee's notice period, she will work closely with the Senior Management and the finance team to ensure an orderly and smooth transition.

There are no concerns with regard to financial reporting that led to the cessation of Ms Hee and there are no disagreements between Ms Hee and the Company's Board of Directors with regard on material matters that may have a material impact on the Group and its financial reporting.

The Board records its appreciation to Ms Hee for her dedication and contributions to the Group during her tenure of service.
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
09/06/2016
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.)
Chief Financial Officer
Role and responsibilities
Responsible for overseeing the Group's financial and management accounting, treasury, taxation, risk management, and investor relations of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
Nil
Present
Directorships:
1. Fu Yu Ventures Pte. Ltd.
2. Fu Yu Investment Pte Ltd
3. LCTH Corporation Sdn Bhd
4. Classic Advantage Sdn Bhd
5. Fu Hao Manufacturing (M) Sdn Bhd
6. Fu Yu Moulding & Tooling (Zhuhai) Co., Ltd
7. Fu Yu Moulding & Tooling (Dongguan) Co., Ltd
8. Fu Yu Moulding & Tooling (Suzhou) Co., Ltd
9. Fu Yu Moulding & Tooling (Shanghai) Co., Ltd
10. Fu Yu Moulding & Tooling (Chongqing) Co., Ltd