Change - Announcement of Cessation::CESSATION OF GENERAL MANAGER
Issuer & Securities
CASA HOLDINGS LIMITED
CASA HOLDINGS LIMITED - SG1B93012089 - C04
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
CESSATION OF GENERAL MANAGER
Submitted By (Co./ Ind. Name)
MARGARET CHAK LEE HUNG
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Yuan Hee Peng as General Manager
Name Of Person
Yuan Hee Peng
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Yuan Hee Peng ("Mr Yuan") has indicated his intention to retire from his position.
The Company and Mr Yuan have mutually agreed not to renew the service agreement upon its expiry on 31 December 2021.
The Board of Directors of the Company accepted Mr Yuan's retirement and appointed the Deputy Chief Executive Officer, Mr Stefan Mathieu Lim Shing Yuan, to take over the role and responsibility of General Manager with effect from 1st January 2022.
Mr Yuan confirms that there are no concerns of disagreements with the Board or management of the Company over matters involving the Company that led to his retirement.
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.)
Role and responsibilities
Mr Yuan is responsible for the operations in Singapore.
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)