Change - Announcement of Cessation::Resignation of Mr Chua Tian Pang as Chief Financial Officer

Issuer & Securities

Issuer/ Manager
PARKSON RETAIL ASIA LIMITED
Securities
PARKSON RETAIL ASIA LIMITED - SG2D81975377 - O9E
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Aug-2022 17:45:36
Status
New
Announcement Sub Title
Resignation of Mr Chua Tian Pang as Chief Financial Officer
Announcement Reference
SG220818OTHRP92U
Submitted By (Co./ Ind. Name)
Tan Sri William Cheng Heng Jem
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Chua Tian Pang as Chief Financial Officer

Additional Details

Name Of Person
Chua Tian Pang
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
23/08/2022
Detailed Reason (s) for cessation
Mr Chua Tian Pang expressed his intention to leave the Company to pursue other opportunities.

The Company is in the process of looking for a suitable replacement for the position of CFO and will make the necessary announcement when a suitable candidate is appointed. In the interim period, the current finance team (led by the finance manager) will continue to support the functional responsibilities of the CFO, under the supervision of the Executive Chairman and the Audit Committee.

An appropriate announcement on the appointment of the new CFO will be made 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
01/03/2019
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)
1
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.)
Chief Financial Officer
Role and responsibilities
Responsible for the overall finance function of the Group business including financial reporting, capital and debt management, risk management, compliance with financial and regulatory requirements as well as investor relations.
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)
Nil.
Present
Nil.