Change - Announcement of Cessation::Cessation of Financial Controller

Issuer & Securities

Issuer/ Manager
Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Jun-2018 17:37:18
Announcement Sub Title
Cessation of Financial Controller
Announcement Reference
Submitted By (Co./ Ind. Name)
Peng Peck Yen
Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Kwok Chung Chieh Lincoln as Financial Controller.

This announcement has been prepared by Starland Holdings Limited (the "Company") and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not 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 persons for the Sponsor are Mr Alvin Soh, Head of Catalist Operations, Senior Vice President and Mr Lan Kang Ming, Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Kwok Chung Chieh Lincoln
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Lincoln Kwok has resigned on his own accord to pursue other career opportunities.

The Company's sponsor, UOB Kay Hian Private Limited, having interviewed Mr Lincoln Kwok, is not aware of any other material reasons for the resignation of Mr Lincoln Kwok as the Financial Controller of the Company.

In addition, there are no concerns with regard to financial reporting that led to the departure of Mr Lincoln Kwok and there are no disagreements between Mr Lincoln Kwok and the Board of Directors pertaining to the practices that will have an impact to the Group'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
Ms Annie Xiong, Finance Manager, will be transferred from GRP Limited, the holding company, to Starland Holdings Limited with effect from 18 June 2018. Ms Annie Xiong will report to Ms Peng Peck Yen, the Executive Director. Ms Peng is a member of the Institute of Singapore Chartered Accountants.
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.)
Financial Controller
Role and responsibilities
Executive. Mr Lincoln Kwok responsible for all finance, tax and accounting matters, including results reporting, cash flow planning, budgeting and relevant compliance matters of the Group.
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)
Bizval Corpadv Pte. Ltd.