As the CFO’s role deals with sensitive information, the Board of Directors of the Company accepted Mr Chow’s resignation on 5 April 2023 and pursuant to a mutual agreement with the Company, including salary in lieu of notice, Mr Chow’s last day of employment with the Company was effective on 4 April 2023. His duties and responsibilities have since been assumed by the Financial Controller until a suitable replacement is identified.
The Company has been trying to contact Mr Chow since 6 April 2023 to confirm the contents of this announcement and to date he has not responded. In the interest of time, the Company has prepared this announcement based on the information available to the Company. To the best of their knowledge, the Company has indicated negative responses to the queries in this announcement relating to:
1) 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
2) Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer
3) Any other relevant information to be provided to shareholders of the listed issuer
To the best of their knowledge, the Company is also not aware of any concerns with regards to financial reporting that led to Mr Chow’s departure and there are no disagreements between Mr Chow and the Board of Directors of the Company with regards to practices that will have an impact on the Company’s financial reporting.
In addition, as at the date of this announcement, the Company’s Sponsor, PrimePartners Corporate Finance Pte. Ltd. was not able to contact and conduct an interview with Mr Chow despite several attempts. The Sponsor together with the Company, will nevertheless address any new material information relating to this cessation that is made known to them after the date of this announcement. Shareholders will be updated of such material information, if deemed necessary.
This announcement has been reviewed by the Company’s Sponsor, PrimePartners Corporate Finance Pte. Ltd. (the “Sponsor”). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “Exchange”) and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document. The Sponsor has also not drawn on any specific technical expertise in its review of this announcement.
The contact person for the Sponsor is Ms Jennifer Tan, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, [email protected].
