Change - Announcement of Cessation::REDESIGNATION OF FINANCIAL CONTROLLER TO CHIEF INTEGRATION OFFICER

Issuer & Securities

Issuer/ Manager
MEDINEX LIMITED
Securities
MEDINEX LIMITED - SGXE82839874 - OTX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-May-2022 17:22:35
Status
New
Announcement Sub Title
REDESIGNATION OF FINANCIAL CONTROLLER TO CHIEF INTEGRATION OFFICER
Announcement Reference
SG220525OTHR1PCC
Submitted By (Co./ Ind. Name)
Jessie Low Mui Choo
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Redesignation of Low Siam Kiang from Financial Controller to Chief Integration Officer

This announcement has been prepared by the Company and reviewed by the Company's Sponsor, Novus Corporate Finance Pte. Ltd. (the "Sponsor"), in compliance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

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. Pong Chen Yih, Chief Operating Officer, at 7 Temasek Boulevard, #18-03B Suntec Tower 1, Singapore 038987, telephone (65) 6950 2188.

Additional Details

Name Of Person
Low Siam Kiang
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
09/06/2022
Detailed Reason (s) for cessation
Ms. Low Siam Kiang ("Ms. Low") has relinquished her position as the Financial Controller of the Company, but will remain in the Group and will be re-designated as the Chief Integration Officer of the Company with effect from 9 June 2022, following the appointment of the Chief Financial Officer of the Company on 24 May 2022. Accordingly, she will assume new responsibilities of integrating the various processes, systems and policies across the Group. Upon the re-designation, Ms. Low will no longer be a key executive officer of the Company.

After having interviewed Ms. Low and to the best of its knowledge, the Company's sponsor, Novus Corporate Finance Pte. Ltd. is satisfied that save as disclosed in this announcement, there are no material reasons for the re-designation of Ms. Low as the Chief Integration Officer 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
01/07/2017
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Financial Controller
Role and responsibilities
Ms. Low oversees the operations of the finance team of the Group and ensures that all financial processes, systems and policies are in place and adhered to.
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?
Yes
Shareholding Details
Ms. Low holds 140,000 shares in the Company.
Past (for the last 5 years)
SKI Consultancy Pte. Ltd.
Jo-L Consultus Pte. Ltd.
Present
Acctax Management Consultancy Private Limited
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Carlin Management Services Pte. Ltd.
Express Medical Pte. Ltd.
Horizon Venture Pte. Ltd.
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KCS Anaesthesia Services Pte. Ltd.
Medinex Advisory Pte. Ltd.
Medinex Corporate Services Pte. Ltd.
Medinex Healthcare Pte. Ltd.
Medinex Professional Services Pte. Ltd.
Nex Healthcare Pte. Ltd.
Sen Med Holdings Pte. Ltd.
The Family Clinic @ Towner Pte. Ltd.
X-ray + Medical Screening Pte. Ltd.
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