Change - Announcement of Cessation::RESIGNATION OF CHIEF FINANCIAL OFFICER AND JOINT COMPANY SECRETARY
Issuer & Securities
WE HOLDINGS LTD.
WE HOLDINGS LTD. - SG2C00960329 - 5RJ
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
RESIGNATION OF CHIEF FINANCIAL OFFICER AND JOINT COMPANY SECRETARY
Submitted By (Co./ Ind. Name)
Lee Wei Hsiung
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, RHT Capital Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (SGX-ST). The Company's Sponsor has not independently verified the contents of this Announcement.
This Announcement has not been examined or approved by 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:-
Name: Ms Amanda Chen, Registered Professional, RHT Capital Pte. Ltd.
Address: Six Battery Road #10-01, Singapore 049909
Tel: 6381 6757
Name Of Person
Loh Eng Lock Kelvin
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Loh Eng Lock Kelvin (Mr Kelvin Loh) will be assuming the role as the Chief Financial Officer and Joint Company Secretary of the Company s associate, Catalist-listed Jubilee Industries Holdings Ltd.
Based on its enquiries, the Company s sponsor, RHT Capital Pte. Ltd. is satisfied that, other than as disclosed in this announcement, there are no other material reason for the cessation of Mr Kelvin Loh as the Chief Financial Officer and Joint Company Secretary 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer and Joint Company Secretary
Role and responsibilities
Responsible for the full spectrum of the finance, accounting functions and corporate secretarial matters of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
286 ordinary shares and deemed interested in 1,714,600 ordinary shares held in trust of unsecured creditors of the Company.
Past (for the last 5 years)
Europtronic (Singapore) Pte Ltd
WE Components Pte. Ltd.
WE Microelectronics Pte. Ltd.
WE Electronics Industrial Pte. Ltd.
WE Resources Pte. Ltd.