Change - Announcement of Cessation::RESIGNATION OF FINANCIAL CONTROLLER

Issuer & Securities

Issuer/ Manager
IEV HOLDINGS LIMITED
Securities
IEV HOLDINGS LIMITED - SG2D67974808 - 5TN
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Aug-2014 19:54:49
Status
New
Announcement Sub Title
RESIGNATION OF FINANCIAL CONTROLLER
Announcement Reference
SG140815OTHRO72G
Submitted By (Co./ Ind. Name)
CHRISTOPHER NGHIA DO
Designation
PRESIDENT AND CEO
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Canaccord Genuity Singapore Pte. Ltd. (Sponsor), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (SGX-ST). The Sponsor has not independently verified the contents of this announcement.

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 correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Alex Tan, CEO, Canaccord Genuity Singapore Pte. Ltd. at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854 6160.

Additional Details

Name Of Person
HEW SHOOK MUN
Age
46
Is effective date of cessation known?
Yes
If yes, please provide the date
15/08/2014
Detailed Reason (s) for cessation
Ms. Hew resigned due to personal reasons.

Canaccord Genuity Singapore Pte. Ltd., having interviewed Ms. Hew, is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Ms. Hew as the Financial Controller of the Company.

There are no concerns with regard to financial reporting that led to her resignation and there are no disagreements between her and the Board of Directors pertaining to practices that will have an impact to the Company's financial reporting.

The Company has identified a suitable candidate for the post of VP-Finance and the related announcement will be released in due course.
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
13/06/2011
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.)
Financial Controller
Role and responsibilities
Responsible for the Group's accounting and finance functions.
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)
None
Present
None