Change - Announcement of Cessation::Cessation of Financial Controller

Issuer & Securities

Issuer/ Manager
KORI HOLDINGS LIMITED
Securities
KORI HOLDINGS LIMITED - SG2F40988253 - 5VC
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Oct-2021 17:33:16
Status
New
Announcement Sub Title
Cessation of Financial Controller
Announcement Reference
SG211022OTHR6FSM
Submitted By (Co./ Ind. Name)
Hooi Yu Koh
Designation
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms Ng Shi Qing, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg)

Additional Details

Name Of Person
Xu Hong
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
22/10/2021
Detailed Reason (s) for cessation
To pursue career advancement and other interests.

After having interviewed Ms Xu and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Ms Xu as the Financial Controller.

In addition, there are no concerns with regards to financial reporting that led to the cessation of Ms Xu, and there are no disagreements between Ms Xu and the Company's Board of Directors with regards to practices that will 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
05/09/2019
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Financial Controller
Role and responsibilities
Ms Xu Hong is responsible for overseeing the accounting, treasury, budgeting and payroll matters of the Kori Holdings Limited and its subsidiaries.
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)
Knowing Harvest (S) Pte. Ltd.
Present
NIL