Change - Announcement of Cessation::RESIGNATION OF CHIEF FINANCIAL OFFICER

Issuer & Securities

Issuer/ Manager
MSM INTERNATIONAL LIMITED
Securities
MSM INTERNATIONAL LIMITED - SG2B09957087 - 5QR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Aug-2023 17:29:37
Status
New
Announcement Sub Title
RESIGNATION OF CHIEF FINANCIAL OFFICER
Announcement Reference
SG230829OTHRQMYJ
Submitted By (Co./ Ind. Name)
Chan Kee Sieng
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Resignation of Chief Financial Officer ("CFO").

This announcement has been prepared by MSM International Limited (the "Company") and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("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 accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Soh Yeow Seng
Age
42
Is effective date of cessation known?
Yes
If yes, please provide the date
15/09/2023
Detailed Reason (s) for cessation
To pursue other opportunities.

The Board of Directors of MSM International Limited (the "Company" and together with its subsidiaries, the "Group") wishes to take this opportunity to thank Mr Soh for his services to the Company and the Group during his term of office.

Based on its enquiries, the Company's sponsor, UOB Kay Hian Private Limited, is satisfied that, save as disclosed in the announcement, there are no other material reasons for the resignation of Mr Soh as the CFO of the Company.

Mr Soh has confirmed that there are no concerns with regards to the Company's financial reporting that had led to his resignation, and there is also no disagreement between him and the Board of Directors of the Company with regards to practices that would have an impact on the Company's financial reporting.
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
17/05/2013
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)
1
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
The CFO is responsible for determining the financial policies of the Group and taking charge of the full accounting, financial and treasury/cash management matters of the Group.

The Group is assessing suitable candidates for the replacement of Mr Soh and will make an announcement when the necessary due diligence is completed.

The responsibilities currently undertaken by Mr Soh will be overseen by the other finance team members in the meantime until a replacement is appointed.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
MSM Metal (S) Pte. Ltd.