Change - Announcement of Cessation::Cessation of Financial Controller

Issuer & Securities

Issuer/ Manager
ICP LTD.
Securities
ICP LTD - SG2G87000003 - 5I4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
17-May-2019 20:32:23
Status
New
Announcement Sub Title
Cessation of Financial Controller
Announcement Reference
SG190517OTHRXWPW
Submitted By (Co./ Ind. Name)
Shirley Lim Guat Hua
Designation
Company Secretary
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. (the "Sponsor"), for compliance with the relevant rules of the 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: Mr. Nathaniel C.V., Registered Professional, RHT Capital Pte. Ltd.
Address: 9 Raffles Place #29-01, Republic Plaza Tower 1, Singapore 048619.
Tel: 6381 6757

Additional Details

Name Of Person
Ooi Wyn Yan
Age
31
Is effective date of cessation known?
Yes
If yes, please provide the date
17/05/2019
Detailed Reason (s) for cessation
To pursue a different career path.

Based on its enquiries, the Company's Sponsor, RHT Capital Pte. Ltd., noted that Mr Ooi Wyn Yan has duly served the necessary notice period of three (3) months. During the notice period, the Company used its best efforts to persuade Mr Ooi Wyn Yan to continue. However, Mr Ooi Wyn Yan has decided to resign and the Board has accepted his resignation. The Sponsor is satisfied that, save as disclosed in this announcement, there are no material reasons for the cessation of Mr Ooi Wyn Yan as Financial Controller 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?
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
23/07/2018
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Financial Controller
Role and responsibilities
Mr Ooi Wyn Yan was in charge of accounting and financial functions including accounting, internal controls, financial management reporting, risk management and compliance matters of the Company and 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?
No
Past (for the last 5 years)
NIL
Present
NIL