Change - Announcement of Cessation::CESSATION OF CHIEF FINANCIAL OFFICER

Issuer & Securities

Issuer/ Manager
ES GROUP (HOLDINGS) LIMITED
Securities
ES GROUP (HOLDINGS) LIMITED - SG2B91959363 - 5RC

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Apr-2014 17:22:41
Status
New
Announcement Sub Title
CESSATION OF CHIEF FINANCIAL OFFICER
Announcement Reference
SG140430OTHRWTYD
Submitted By (Co./ Ind. Name)
ADRIAN CHAN PENGEE
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
Canaccord Genuity Singapore Pte. Ltd., after having interviewed Ms Chuah, is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Ms Chuah. In the interim during the search for the head of finance, Mr Low Chee Wee, the Executive Director, will assume the responsibility of the Chief Financial Officer with immediate effect.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor (the "Sponsor"), Canaccord Genuity Singapore Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "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 and the SGX-ST assumes 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 Alex Tan, CEO, Canaccord Genuity Singapore Pte. Ltd. at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854-6160.

Additional Details

Name Of Person
Chuah Keng Len Alice
Age
42
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2014
Detailed Reason (s) for cessation
To pursue other career opportunities.
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?
Yes
If Yes, Please provide full details
There are no concerns with regard to the Group's financial reporting that led to Ms Chuah's resignation and there have not been disagreements with regard to practices that would have an impact on the Group's financial reporting. There will be continued smooth functioning of the Group subsequent to the cessation.
Date of Appointment to current position
02/11/2009
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 Financial Officer and Company Secretary.
Role and responsibilities
Ms Chuah is responsible for all finance-related matters of the Group. Aside from overseeing the finance department, Ms Chuah is in charge of public relation and investor relation matters and human resource management 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)
Allegiance Associates Pte. Ltd.
Present
Nil