Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION

Issuer & Securities

Issuer/ Manager
SK JEWELLERY GROUP LIMITED
Securities
SK JEWELLERY GROUP LIMITED - SG1BG2000009 - 42G
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Sep-2018 17:56:43
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION
Announcement Reference
SG180921OTHRX3M9
Submitted By (Co./ Ind. Name)
Lim Yong Sheng
Designation
Executive Director and Chief Executive Officer
Effective Date and Time of the event
21/09/2018 17:05:00
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by SK Jewellery Group Limited. (the Company ) and its contents have been reviewed by the Company s sponsor, United Overseas Bank Limited ( Sponsor ), 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. 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. Lim Hoon Khiat, Director, Equity Capital Markets, who can be contacted at 80 Raffles Place, #03-03 UOB Plaza 1, Singapore 048624, Telephone: +65 6533 9898.

Additional Details

Name Of Person
Lee Teck Kheng
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
21/09/2018
Detailed Reason (s) for cessation
Mr Lee Teck Kheng will be retiring from his position as the Chief Financial Officer and will continue to serve as an Advisor to the Company to assist the incoming Chief Financial Officer during the transition period on all finance related matters to ensure smooth handover process.

The Sponsor, after having interviewed Mr Lee Teck Kheng, is not aware of any other material reasons relating to his cessation as the Chief Financial Officer of the Company.

In addition, there are no concerns with regard to financial reporting that led to the departure of Mr Lee and there are no disagreements between Mr Lee and the Company s board of directors with regard to practices that will have a material 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?
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
05/10/2015
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Mr Lee Teck Kheng was responsible for the overall finance, accounting, treasury measurement, tax, corporate governance and compliance, investor relations and investment matters of the Group.
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?
No
Past (for the last 5 years)
Nil
Present
Nil