Change - Announcement of Cessation::Announcement for Cessation of Vice President, Corporate IT & Central Functions

Issuer & Securities

Issuer/ Manager
SERIAL SYSTEM LTD
Securities
SERIAL SYSTEM LTD - SG1E36851343 - S69
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Apr-2017 19:44:57
Status
New
Announcement Sub Title
Announcement for Cessation of Vice President, Corporate IT & Central Functions
Announcement Reference
SG170418OTHRV3P9
Submitted By (Co./ Ind. Name)
Alex Wui Heck Koon
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Sidney Thong Chee Cheng as Vice President, Corporate IT & Central Functions of Serial System Ltd.

Additional Details

Name Of Person
Thong Chee Cheng
Age
41
Is effective date of cessation known?
Yes
If yes, please provide the date
16/04/2017
Detailed Reason (s) for cessation
Due to personal reasons.

Management has started the process of searching for a suitable candidate to replace Mr Sidney Thong. Until then, the roles and functions previously undertaken by Mr Sidney Thong will be assumed by the Group's Chief Operating Officer, Mr Adrian Chu.
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
01/07/2014
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Vice President, Corporate IT & Central Functions of Serial System Ltd.
Role and responsibilities
Mr Sidney Thong is in-charged of the corporate IT team and managing all core IT functions as a shared service for 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)
Nil
Present
Nil