Change - Announcement Of Resignation Of Deputy Financial Controller

Nov 11, 2017
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Nov 11, 2017 23:17
Status New
Announcement Sub Title Resignation of Deputy Financial Controller
Announcement Reference SG171111OTHR04DK
Submitted By (Co./ Ind. Name) Qian Zhongcheng
Designation Executive Director
Effective Date and Time of the event 10/11/2017 17:00:00
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, SAC Capital Private Limited (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "Exchange"). The Company's Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the Exchange and the Exchange 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. Lee Khai Yinn (Telephone: +65-6532 3829) at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542.
Additional Details
Name Of Person Wong Wei Wen Benjamin
Age 32
Is effective date of cessation known? Yes
If yes, please provide the date 10/11/2017
Detailed Reason (s) for cessation To pursue other career opportunities. SAC Capital Private Limited, after having interviewed Mr Wong, is satisfied that other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Wong. In addition, there are no concerns with regard to financial reporting that led to the resignation of Mr Wong and there have not been any disagreements with regard to practices that will have an impact on the Company's financial reporting.
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 11/01/2016
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 14
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Deputy Financial Controller
Role and responsibilities Responsible for the accounting and finance function of the Group. With Mr Wong's resignation, the aforesaid responsibilities will be temporarily outsourced to a reputable third party accounting firm. The Company is in the process of identifying a suitable and qualified candidate to fill the position of Mr Wong.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries No.
Shareholding interest in the listed issuer and its subsidiaries? No
Past (for the last 5 years) Nil
Present Nil