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

Issuer & Securities

Issuer/ Manager
CHALLENGER TECHNOLOGIES LIMITED
Securities
CHALLENGER TECHNOLOGIES LTD - SG1O97915910 - 573
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-May-2021 17:51:57
Status
New
Announcement Sub Title
Resignation of Chief Technology Officer
Announcement Reference
SG210505OTHRD7BT
Submitted By (Co./ Ind. Name)
Chia Foon Yeow
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Resignation of Chief Technology Officer

Additional Details

Name Of Person
Woon Yoon Siong
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
19/05/2021
Detailed Reason (s) for cessation
Mr Woon Yoon Siong has tendered his resignation as the Chief Technology Officer of Challenger Technologies Limited (the "Company") to pursue other career opportunities. His last day of employment will be 19 May 2021.

The Company will appoint a Senior Team Leader ("STL") from within the Company to head the department. The STL shall report to Ms Loo Pei Fen, the Deputy Chief Executive Officer (the "Deputy CEO") of the Company.

In the interim, Ms Loo Pei Fen has been working closely with the department since her appointment as the Deputy CEO of the Company on 1 November 2020, and she shall continue to oversee the department to ensure business continuity until the appointment of a successor. Once the STL has been appointed, Ms Loo Pei Fen shall oversee the department with the STL moving forward.
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
01/09/2015
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)
3
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 Technology Officer
Role and responsibilities
Mr Woon Yoon Siong as Chief Technology Officer oversees the IT Infrastructure and software systems.
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
Past (for the last 5 years)
-
Present
-