Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION

Issuer & Securities

Issuer/ Manager
MAXI-CASH FINANCIAL SERVICES CORPORATION LTD.
Securities
MAXI-CASH FIN SVCS CORP LTD - SG2E90982678 - 5UF
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Sep-2021 23:27:38
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION
Announcement Reference
SG210930OTHRBWYY
Submitted By (Co./ Ind. Name)
LIM SWEE ANN
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement.

The contact person for the Sponsor is Mr Ong Hwee Li (Tel:62323210) at Robinson Road #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
MS ENG SEOK CHENG
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
01/10/2021
Detailed Reason (s) for cessation
Ms Eng Seok Cheng Magdalene ("Ms Eng") has resigned as Assistant Brand Director of the Maxi-Cash Financial Services Corporation Ltd (the "Company") to pursue other career opportunities.

Ms Eng tendered her resignation on 2 August 2021 and her contractual last day of employment should be on 1 November 2021. The Company has considered the request by Ms Eng for an early release and mutually agreed for her last day of employment to be on 1 October 2021.

The Sponsor, after having interviewed Ms Eng, is satisfied that, other than as disclosed in this announcement, there are no material reasons for the cessation of Ms Eng as Assistant Brand Director of the Company.
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
01/07/2013
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)
4
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.)
Assistant Brand Director
Role and responsibilities
Responsible for the brand management, planning, managing and implementing marketing strategies and and brand budget and managing public relations and visual merchandising.
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