| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 31, 2022 22:10 |
| Status | New |
| Announcement Sub Title | Cessation of Joseph Lim as Group Chief Financial Officer |
| Announcement Reference | SG220331OTHRVM17 |
| Submitted By (Co./ Ind. Name) | Tan Swee Gek |
| 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 Singapore Exchange Securities Trading Limited (the "SGX-ST"). 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 Bao Qing - Registered Professional, 6 Raffles Quay, #24-02, Singapore 048580, sponsor@rhtgoc.com |
| Additional Details | |
| Name Of Person | Joseph Lim |
| Age | 50 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 28/04/2022 |
| Detailed Reason (s) for cessation | Mr Joseph Lim ("Mr Lim") will be re-designated as Chief Executive Officer and appointed as Executive Director of Emerging Towns & Cities Singapore Ltd. (the "Company"). Based on its enquires, the Company's sponsor, RHT Capital Pte. Ltd., is satisfied that, save as disclosed in the announcement, there are no other material reasons for the cessation of Mr Lim as the Group Chief Financial Officer. |
| 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 | 01/10/2015 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| 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 | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Group Chief Financial Officer |
| Role and responsibilities | Responsible for oversees the finance, accounting and treasury functions 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 | 1,733,000 shares 2,000,000 options granted under the CSH Employee Share Option Scheme 2009 |
| Past (for the last 5 years) | Cedar Properties Pte. Ltd. (Struck-off) |
| Present | Futura Asset Holdings Pte. Ltd. Affiliates Consulting Pte. Ltd. |