Change - Announcement of Cessation::Retirement of Chief Risk Officer and Head of Knowledge Management and Training

Issuer & Securities

Issuer/ Manager
ZICO HOLDINGS INC.
Securities
ZICO HOLDINGS INC. - MYA007968003 - 40W
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Feb-2024 22:29:38
Status
New
Announcement Sub Title
Retirement of Chief Risk Officer and Head of Knowledge Management and Training
Announcement Reference
SG240227OTHRLBN9
Submitted By (Co./ Ind. Name)
Datuk Ng Hock Heng
Designation
Group Chief Executive Officer
Effective Date and Time of the event
27/02/2024 17:00:00
Description (Please provide a detailed description of the event in the box below)
Mr. Paul Subramaniam ("Mr. Subramaniam"), a valued member of the key management team, is retiring from ZICO Holdings Inc. (the "Company"). Following his departure, the responsibilities previously held by Mr. Subramaniam will be overseen and managed by the current Head of Compliance Services, who will ensure continuity until a suitable replacement is identified. In recognition of Mr. Subramaniam's expertise and contributions, the Company is engaging him as a consultant on a contract basis, wherein he will provide valuable guidance and support to the organization during the interim period until a replacement has been appointed.

This announcement has been reviewed by the Company's sponsor, Stamford Corporate Services Pte. Ltd. (the "Sponsor"). It 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 Ms Vanessa Ng.
Tel: 6389 3065 Email: vanessa.ng@morganlewis.com

Additional Details

Name Of Person
Paul Subramaniam
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
29/02/2024
Detailed Reason (s) for cessation
Retirement
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
11/11/2014
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Retirement of Chief Risk Officer and Head of Knowledge Management and Training
Role and responsibilities
He is in charge of the overall risk management and mitigation for the group and is also responsible for developing and implementing knowledge management and training initiatives for the group.
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?
Yes
Shareholding Details
5,860,000 shares in ZICO Holdings Inc.
Past (for the last 5 years)
Nil.
Present
ZICO Knowledge Services Sdn. Bhd.