Change - Announcement of Cessation::Resignation of Finance Director

Issuer & Securities

Issuer/ Manager
NEW SILKROUTES GROUP LIMITED
Securities
NEW SILKROUTES GROUP LIMITED - SG1CE0000004 - BMT
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Oct-2020 23:21:15
Status
New
Announcement Sub Title
Resignation of Finance Director
Announcement Reference
SG201015OTHR7KUM
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Finance Director.

Additional Details

Name Of Person
Teo Thiam Chuan William
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
15/10/2020
Detailed Reason (s) for cessation
To focus on personal matters and to pursue other interests
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
30/04/2018
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
8
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Finance Director
Role and responsibilities
Mr Teo Thiam Chuan William was responsible for the treasury, finance, audit and strategic planning functions of the Group, including but not limited to fund-raising for the Group, developing and maintaining banking relationships for the Group and assisting the Chief Executive Officer and the erstwhile Chief Corporate Officer of the Group in assessing and structuring corporate finance deals and investments.
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)
New Silkroutes Capital Pte Ltd
HSI Cardiology Pte. Ltd.
HSI Specialists Pte. Ltd.
New Silkroutes Capital Sdn Bhd
New Silkroutes Group (HK) Limited
Present
Li Ji Chuan Chuan Xiang Pte Ltd