Change - Announcement of Cessation::Resignation of Group Financial Controller and Company Secretary

Issuer & Securities

Issuer/ Manager
P5 CAPITAL HOLDINGS LTD.
Securities
P5 CAPITAL HOLDINGS LTD. - SG1I98885227 - 5AI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Mar-2021 19:11:16
Status
New
Announcement Sub Title
Resignation of Group Financial Controller and Company Secretary
Announcement Reference
SG210310OTHRHFDJ
Submitted By (Co./ Ind. Name)
Lim Shao-Lin
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Group Financial Controller and Company Secretary - Ms Yap Suat Kam

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. ("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 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. Shervyn Essex - Registered Professional, 6 Raffles Quay, #24-02, Singapore 048580, sponsor@rhtgoc.com.

Additional Details

Name Of Person
Yap Suat Kam
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2021
Detailed Reason (s) for cessation
Ms Yap Suat Kam ("Ms Yap") decided to resign as Group Financial Controller and Company Secretary of the Company on 10 March 2021 to pursue her other career opportunities.

She is currently serving her notice period and pursuant to mutual agreement with the Group, her last day of employment will be 30 April 2021.

Ms Yap is working closely with Mr Koh Beng Leong, the Executive Director - Finance of the Company to ensure a smooth handover and transition of her responsibilities.

The Company is in the process of finding a replacement for a suitable candidate and will make the necessary announcement on SGXNet accordingly.

The Company's sponsor, RHT Capital Pte. Ltd., after having interviewed Ms Yap, is satisfied that, other than disclosed in this announcement of cessation, there are no material reasons for the resignation of Ms Yap as Group Financial Controller and Company Secretary of the Company.
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
04/01/2021
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Financial Controller and Company Secretary
Role and responsibilities
Executive. Ms Yap is responsible for the Group's finance activities and accounting functions, and company secretarial duties.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
Nil