Change - Announcement of Cessation::Resignation of Chief Financial Officer - Mr Kong Seong Hee

Issuer & Securities

Issuer/ Manager
VERSALINK HOLDINGS LIMITED
Securities
VERSALINK HOLDINGS LIMITED - SG1AC9000003 - 40N
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Aug-2024 17:37:53
Status
New
Announcement Sub Title
Resignation of Chief Financial Officer - Mr Kong Seong Hee
Announcement Reference
SG240813OTHREGPR
Submitted By (Co./ Ind. Name)
Lim Kok Meng
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Kong Seong Hee as Chief Financial Officer of the Company.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibilities 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 Ms Goh Mei Xian, Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Kong Seong Hee
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
16/10/2024
Detailed Reason (s) for cessation
Mr Kong Seong Hee ("Mr Kong") had tendered his resignation as the Chief Financial Officer ("CFO") of the Company to pursue other career opportunities.

Mr Kong is currently serving his notice period in accordance with his letter of appointment, and after offsetting his annual leave entitlements, his effective date of cessation as CFO of the Company is 16 October 2024. Mr Kong will work closely with the management of the Company and the finance team to ensure an orderly and smooth transition.

Mr Kong has confirmed that there are no concerns with regard to financial reporting that has led to his resignation and that there are no disagreements between him and the Board of Directors of the Company with regard to practices that would have an impact on the Company's and the Group's financial reporting.

After having interviewed Mr Kong and to the best of its knowledge, the Company's sponsor, ZICO Capital Pte. Ltd., is satisfied that,
save as disclosed in this announcement, there are no material reasons for the resignation of Mr Kong as the CFO of the Company.

The Company is in the process of recruiting a suitable replacement and will make the necessary announcement when a suitable candidate is appointed.
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
26/07/2021
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
As CFO of the Company, Mr Kong is responsible for all matters relating to financial management, including but not limited to providing strategic and financial guidance to ensure that the Company's financial commitments are met, fully complying with relevant regulations, financial reporting standards and policies, which includes best practices in corporate governance aligned to safeguard the Company's business models and assets.
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