Change - Announcement Of Resignation Of Financial Controller - Ms Chew Ying Ying, Linda
BackSep 04, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Sep 4, 2024 17:54 |
| Status | New |
| Announcement Sub Title | Resignation of Financial Controller - Ms Chew Ying Ying, Linda |
| Announcement Reference | SG240904OTHRPWJK |
| Submitted By (Co./ Ind. Name) | Liu Qiang |
| Designation | Director |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Ms Chew Ying Ying, Linda as the Financial Controller of CapAllianz Holdings Limited (the "Company"). This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor (the "Sponsor"), ZICO Capital Pte. Ltd., in accordance 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 Ms Goh Mei Xian, Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201. |
| Additional Details | |
| Name Of Person | Chew Ying Ying, Linda |
| Age | 33 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 07/09/2024 |
| Detailed Reason (s) for cessation | Ms Chew Ying Ying, Linda ("Ms Chew") tendered her resignation as the Financial Controller ("FC") of CapAllianz Holdings Limited (the "Company", and together with its subsidiaries, the "Group") on 29 August 2024 to pursue other career opportunities. Ms Chew is currently serving her notice period pursuant to her service contract with the Company, and she has requested for early release. The board of directors of the Company (the "Board"), having considered, inter alia, that (i) Ms Chew's responsibilities will be taken over by the Company's Executive Director and Chief Executive Officer, Mr Liu Qiang, supported by the Company's Office and Admin Manager; (ii) the Company is in the midst of identifying a suitable candidate to replace Ms Chew; (iii) the proposed engagement of a third party accounting service provider; and (iv) Ms Chew will make herself available to assist the Company after her departure, had on mutual agreement with Ms Chew, agreed that her last day of employment with the Company will be on 6 September 2024. The Company is in the process of finding a replacement and will make the necessary announcement(s) as and when a suitable candidate is appointed. In the meantime, Ms Chew is working closely with Mr Liu Qiang, Executive Director and Chief Executive Officer of the Company, to ensure a smooth handover and transition of her responsibilities. After having interviewed Ms Chew 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 resignation of Ms Chew as the FC of the Company. In addition, Ms Chew confirms that there are no concerns with regards to financial reporting that led to her resignation and there are no disagreements between herself and the Board with regards to practices that would have an impact to the Company's and the Group'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 | 05/07/2023 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Financial Controller |
| Role and responsibilities | Ms Chew is responsible for the Group's finance and accounting functions, including budgeting, managing of cash flows, taxation matters and ensuring compliance of statutory audit requirements for the Group. |
| 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? | Yes |
| Shareholding Details | Direct interest in 1,863,636 shares of the Company |
| Past (for the last 5 years) | Directorship: Brussels Sprout Learning Centre Pte. Ltd. |
| Present | Directorships: 1. Loyz Oil Pte. Ltd. 2. Loyz Oil Thailand Pte. Ltd. |