Change - Announcement of Cessation::Re-designation of ED to Non-ED and Cessation of Group FC

Issuer & Securities

Issuer/ Manager
JACKSPEED CORPORATION LIMITED
Securities
JACKSPEED CORPORATION LIMITED - SG1O75914679 - J17
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Aug-2020 17:20:15
Status
New
Announcement Sub Title
Re-designation of ED to Non-ED and Cessation of Group FC
Announcement Reference
SG200814OTHRT9Y5
Submitted By (Co./ Ind. Name)
Chua Sze Chyi
Designation
Joint Company Secretary
Effective Date and Time of the event
31/08/2020 17:00:00
Description (Please provide a detailed description of the event in the box below)
Ms Chua Sze Chyi shall be re-designated from Executive Director to Non-Executive Director and shall step down as Group Financial Controller.

She will remain as a member of the Nominating Committee.

In consideration that the Company currently has no significant businesses or operations, Mr Yap Kian Peng, the Executive Deputy Chairman and Chief Executive Officer, shall oversee the financial management of the Company in the interim.

Additional Details

Name Of Person
Chua Sze Chyi
Age
39
Is effective date of cessation known?
Yes
If yes, please provide the date
31/08/2020
Detailed Reason (s) for cessation
To pursue other career opportunities.
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
11/10/2010
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director, member of the Nominating Committee and Group Financial Controller.
Role and responsibilities
Responsible for overall financial management of the Group.
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?
No
Past (for the last 5 years)
Jackspeed Europe B.V. (June 2012 to June 2020)
Present
1. Jackspeed Corporation Limited
2. Index Credit Pte Ltd
3. Index Agency Pte. Ltd.
4. Better Resources Pte. Ltd.
5. Jackspeed Singapore Pte. Ltd.
6. Jackspeed Euris Japan Pte. Ltd.
7. Simply Investments Pte. Ltd.
8. Jackspeed Leather Special Manufacturer (M) Sdn. Bhd.
9. Ultimate Vehicle Pty Ltd
10. Jackspeed Australia Pty Ltd
11. Simply Infinity Limited
12. Jackspeed Industries Sdn. Bhd.