Change - Announcement of Cessation::Cessation of Group Chief Financial Officer (Mr Michael Parker)

Issuer & Securities

Issuer/ Manager
YUUZOO CORPORATION LIMITED
Securities
YUUZOO CORPORATION LIMITED - BMG9884X1020 - AFC
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Aug-2016 17:12:36
Status
New
Announcement Sub Title
Cessation of Group Chief Financial Officer (Mr Michael Parker)
Announcement Reference
SG160801OTHRR4JF
Submitted By (Co./ Ind. Name)
James Sundram
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Group Chief Financial Officer (Mr Michael Parker)

Additional Details

Name Of Person
Michael Parker
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
01/08/2016
Detailed Reason (s) for cessation
In the management's view, the outgoing CFO had operational and territorial limitations for the charge of YuuZoo's growth and expansion aspirations.
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
30/06/2015
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Financial Officer
Role and responsibilities
Assumed the role and responsibilities of the Group Chief Financial Officer.
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)
YUUPAY SECURE PTE LTD
YUUPAY SOLUTIONS HONGKONG LIMITED
YUUZOO FRANCHISE CORP
Present
NONE