Change - Announcement of Cessation::Cessation of Chief Financial Officer and Joint Company Secretary

Issuer & Securities

Issuer/ Manager
MONEYMAX FINANCIAL SERVICES LTD.
Securities
MONEYMAX FINANCIAL SERVICESLTD - SG2G06995143 - 5WJ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Apr-2015 08:11:21
Status
New
Announcement Sub Title
Cessation of Chief Financial Officer and Joint Company Secretary
Announcement Reference
SG150424OTHR7G0V
Submitted By (Co./ Ind. Name)
Lim Yong Guan
Designation
Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company s sponsor, United Overseas Bank Limited (the Sponsor ), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the SGX-ST ). The Sponsor has not independently verified the contents of this announcement.

The announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume 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 persons for the Sponsor are Mr Khong Choun Mun, Managing Director, Corporate Finance and Mr David Tham, Senior Director, Corporate Finance, who can be contacted at 80 Raffles Place, #03-03 UOB Plaza 1, Singapore 048624, Telephone: +65 6533 9898.

Additional Details

Name Of Person
Choi Swee Weng
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2015
Detailed Reason (s) for cessation
To pursue personal interests.

The Company's Sponsor, United Overseas Bank Limited ("Sponsor"), after having interviewed Mr Choi Swee Weng, is not aware of any material reasons relating to his resignation as the Chief Financial Officer and Joint Company Secretary of the Company which would have an adverse impact on 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
16/04/2012
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer and Joint Company Secretary
Role and responsibilities
Overall financial functions and accounting matters of the Group, including quarterly reporting, treasury, internal controls and regulatory compliance.
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?
Yes
Shareholding Details
30,000 shares in MoneyMax Financial Services Ltd.
Past (for the last 5 years)
None
Present
None

Attachments

CFO_Resignation.pdf
Total size =136K