Change - Announcement of Cessation::Resignation of Group Chief Financial Officer

Issuer & Securities

Issuer/ Manager
TEE INTERNATIONAL LIMITED
Securities
TEE INTERNATIONAL LIMITED - SG2C64965297 - M1Z
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Nov-2022 23:12:43
Status
New
Announcement Sub Title
Resignation of Group Chief Financial Officer
Announcement Reference
SG221103OTHRJ25D
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Group Chief Financial Officer

Following the cessation of Mr Chua as the Group Chief Financial Officer ("GCFO"), the GCFO's role and responsibilities will be undertaken by the Group Financial Controller and Corporate Finance Senior Manager. In light of this, the Board is of the opinion that the finance function of the Group remains robust and effective.

The Company and the Board would like to express their appreciation and thank Mr Chua for his valuable contributions to the Group, especially during this restructuring period, and wish him all the best in his future endeavours.

Additional Details

Name Of Person
Chua Siong Kiat
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
10/01/2023
Detailed Reason (s) for cessation
To pursue other career opportunities.

With the majority of the work in connection with the debt restructuring duly completed to date, successful implementation of the new financial reporting announcement requirements and format, successful completion of the re-audit in relation to the financial statements for the financial year ended 31 May 2020 as instructed by the Accounting and Corporate Regulatory Authority, and the resultful leadership and coaching provided to the finance team to date, Mr Chua believes it is time for him to move on to pursue other career opportunities.

Mr Chua is currently on garden leave up to his last day of employment.
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
01/10/2021
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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
Charting the Group's business strategies, being responsible for the corporate finance of the Company including listing compliance and investor relations, as well as oversight on the Company's financial reporting and accounting.
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
Other Directorships
Past (for the last 5 years)
National Arthritis Foundation
Axington Inc
Kitchen Culture Holdings Limited
China Star Food Group Limited
Omni Sharing Pte. Ltd.
Pacific Start Development Limited
Durabeau Industries Pte Ltd
LH Aluminium Industries Pte. Ltd.
Autotrax International Pte. Ltd.
Autovox Korea Co., Ltd
Present
Lighthouse Business Consulting Pte. Ltd.
Starwork Vision Pte. Ltd.
Robotic Vision Inc. Pte. Ltd.
New Silkroutes Group Limited
Heatec Jietong Holdings Limited
China Yuanbang Property Holdings Limited
JES International Holdings Limited
TEE Infrastructure Private Limited
Trans Equatorial Engineering Pte Ltd (In creditors' voluntary liquidation)