Change - Announcement of Cessation::Cessation of Chief Financial Officer

Issuer & Securities

Issuer/ Manager
Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
17-Nov-2017 20:17:31
Announcement Sub Title
Cessation of Chief Financial Officer
Announcement Reference
Submitted By (Co./ Ind. Name)
Ong Yoke En
Executive Director and Chief Executive Officer
Effective Date and Time of the event
17/11/2017 20:16:00
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Financial Officer.

Samurai 2K Aerosol Limited (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 16 January 2017. The initial public offering of the Company was sponsored by UOB Kay Hian Private Limited. (the "Sponsor").

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not 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 accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact persons for the Sponsor are Mr Alvin Soh, Head of Catalist Operations, Senior Vice President and Mr Lan Kang Ming, Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Sia Shu Yee
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Ms Sia Shu Yee has been re-designated to Chief Process Officer of the Company (a non-key executive officer) following a reshuffling exercise within the Group. She will be assisting the Chief Operating Officer in overseeing the Group's operations.

The Company's sponsor, UOB Kay Hian Private Limited, after having interviewed Ms Sia Shu Yee, is not aware of any other material reasons for the cessation of Ms Sia as the Chief Financial Officer.

In addition, there are no concerns with regard to financial reporting that led to the departure of Ms Sia and there are no disagreements between Ms Sia 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Responsible for the financial accounting and reporting function of the Group's business. She is also involved in the oversight of the Group's treasury functions as well as all financial operations including corporate regulatory compliance matters with regulatory bodies.

Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
SBS Venture Sdn Bhd (voluntary winding up)
Prostrac Business Solution (Johor Bahru) Sdn Bhd
Prostrac Secretarial Services (Johor Bahru) Sdn Bhd
Prostrac Secretarial Services Sdn Bhd
Join Wish Sdn Bhd
M Food Paradise Sdn Bhd
SSY Advisory Sdn Bhd