Change - Announcement of Cessation::Resignation of Chief Operating Officer
Issuer & Securities
NANOFILM TECHNOLOGIES INTERNATIONAL LIMITED
NANOFILM TECHNOLOGIES INTL LTD - SGXE61652363 - MZH
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Chief Operating Officer
Submitted By (Co./ Ind. Name)
Lim Kian Onn
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Mr Ricky Tan Chong Ho has resigned from his position as the Chief Operating Officer of the Group.
Credit Suisse (Singapore) Limited and Oversea-Chinese Banking Corporation Limited are the Joint Issue Managers for the initial public offering of shares in, and listing of, the Company on the Mainboard of the SGX-ST on 30 October 2020 ("Offering"). Citigroup Global Markets Singapore Pte. Ltd., Credit Suisse (Singapore) Limited and Oversea-Chinese Banking Corporation Limited are the Joint Global Coordinators for the Offering. Citigroup Global Markets Singapore Pte. Ltd., CLSA Singapore Pte Ltd, Credit Suisse (Singapore) Limited and Oversea-Chinese Banking Corporation Limited are the Joint Bookrunners and Underwriters for the Offering.
Name Of Person
Ricky Tan Chong Ho
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To better align the Group's corporate objectives, the Group undertook a reorganisation of its reporting structure and assigned responsibility to oversee the overall operations and performance of each Business Unit (BU) to the respective BU Heads. Following the reorganisation, and a period of sabbatical leave by Mr Ricky Tan due to personal reasons, the Group explored various options respecting Mr Ricky Tan's roles and responsibilities in the Group based on prevailing business needs. Having carefully considered the options discussed, Mr Ricky Tan decided to pursue other opportunities outside of the Group.
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 Operating Officer
Role and responsibilities
Responsible for the management and control of the Group's international business operations.
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)