Change - Announcement of Cessation::Cessation of Chief Executive Officer
Issuer & Securities
PAN ASIAN HOLDINGS LIMITED
PAN ASIAN HOLDINGS LIMITED - SG1Q04920423 - 5EW
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Chief Executive Officer
Submitted By (Co./ Ind. Name)
Richard Koh Chye Heng
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Executive Officer.
This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.
The contact person for the Sponsor is Ms. Ng Shi Qing, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, email@example.com.
Name Of Person
Chan Ing Loong (Chen Yinglong)
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue other career opportunities.
Mr Chan's notice period is one and a half months from 15th March 2021.
The Executive Chairman of the Company, Mr. Richard Koh Chye Heng, will take over the duties of the Company's Chief Executive Officer. Mr. Richard Koh Chye Heng is the founder of the Company who is experienced and familiar with the Group's business.
After having interviewed Mr Chan and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Chan as Chief Executive 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?
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 Executive Officer
Role and responsibilities
Mr Chan Ing Loong is responsible for the operations of the Company and the Group, as well as the development and expansion of business as the Board may reasonably direct.
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)
2015 Sep - 2020 Nov:
Director of Asia Pacific and China sales at Compressor Controls Corporation