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

Issuer & Securities

Issuer/ Manager
GSS ENERGY LIMITED
Securities
GSS ENERGY LIMITED - SG1AG6000007 - 41F
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Sep-2023 19:27:10
Status
New
Announcement Sub Title
Cessation of Chief Financial Officer
Announcement Reference
SG230929OTHR97S5
Submitted By (Co./ Ind. Name)
Ng Say Tiong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Financial Officer

Additional Details

Name Of Person
Ng Say Tiong
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
01/10/2023
Detailed Reason (s) for cessation
Mr Ng Say Tiong ("Mr Ng") is stepping down as the Chief Financial Officer of the Company in light of the national retirement age of 63 (which he will be by next year) and as part of the Company's management renewal process. Notwithstanding, he will continue serving the Company as an Executive Director and the President of the Precision Engineering Division.
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
31/10/2014
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Mr Ng, an Executive Director and the Chief Financial Officer (CFO) of the Company, will relinquish his position as the CFO of the Group. Mr Ng has been with the Group since June 1996 and was appointed the CFO in October 2014. Mr Ng will continue in his appointments as an Executive Director of the Company and the President of the Precision Engineering Division of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
No
Present
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