Change - Announcement of Cessation::Retirement of Financial Controller - Kuan Pin Seah

Issuer & Securities

Issuer/ Manager
LMS COMPLIANCE LTD.
Securities
LMS COMPLIANCE LTD. - SGXE55274299 - LMS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
20-Aug-2024 17:55:30
Status
New
Announcement Sub Title
Retirement of Financial Controller - Kuan Pin Seah
Announcement Reference
SG240820OTHRTBOR
Submitted By (Co./ Ind. Name)
Ooi Shu Geok
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr. Kuan Pin Seah as Financial Controller

This announcement has been prepared by LMS Compliance Ltd. (the "Company") and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in compliance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "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 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 Mr. Alex Tan, Chief Executive Officer, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Kuan Pin Seah
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
01/11/2024
Detailed Reason (s) for cessation
Mr. Kuan Pin Seah ("Mr. Kuan") has informed the Board of Directors of the Company (the "Board") that he intends to retire and has tendered his resignation as Financial Controller of the Company.

There are no concerns with regards to financial reporting that led to Mr. Kuan's resignation and there are no disagreements between Mr. Kuan and the Board with regards to practices that would have an impact on the Company's and the Group's financial reporting.

The Company has appointed Ms. Tan Yap Hong ("Ms. Tan"), current Finance Manager of MYCO2 Sdn. Bhd. (a subsidiary of the Company), as the Group Finance Manager of the Company in place of Mr. Kuan, with effect from 1 November 2024. Mr. Kuan is currently serving his notice period and will work closely with Ms. Tan to ensure an orderly and smooth transition.

After having interviewed Mr. Kuan 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 other material reasons for the cessation of Mr. Kuan as the 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
15/12/2021
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.)
Financial Controller
Role and responsibilities
He is responsible for the Group's finance and management reporting, accounting and taxation matters, and oversees the operations of the finance team of 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
Direct Interest: 49,000 ordinary shares
Deemed Interest: 15,000 ordinary shares
Past (for the last 5 years)
Nil
Present
Nil