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

Issuer & Securities

Issuer/ Manager
SINGHAIYI GROUP LTD.
Securities
SINGHAIYI GROUP LTD. - SG2G73000009 - 5H0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Mar-2019 17:13:24
Status
New
Announcement Sub Title
Cessation of Chief Financial Officer
Announcement Reference
SG190329OTHRHJZK
Submitted By (Co./ Ind. Name)
Celine Tang
Designation
Group Managing Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Financial Officer

Additional Details

Name Of Person
Gregory Sim Chee Wah
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
01/04/2019
Detailed Reason (s) for cessation
Mr Gregory Sim is relinquishing his position as Chief Financial Officer of the Company as part of Singhaiyi Group's career development and succession planning for key management personnel.

Mr Sim will remain as Deputy Chief Executive Officer of the Company and he will focus more on formulation and implementation of strategies for the growth of the Company's business and investor relations. Mr Sim will be on an advisory role to the overall treasury, financial, taxation and reporting functions.
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
04/01/2016
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
As Chief Financial Officer, Mr Gregory Sim was responsible for overseeing the treasury, financial, taxation and management reporting functions, as well as investor relations. As Deputy CEO, Mr Sim will support the Group Managing Director in the management of the daily operations of the Company which includes charting out and execute the Group's strategies. In addition, he oversees project developments, sales and marketing as well as human resources and administration.
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
Past (for the last 5 years)
Please refer to Appendix A
Present
Please refer to Appendix A

Attachments

Appendix A_Directorship of Gregory Sim as at 290319.pdf
Total size =97K