| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Aug 26, 2024 19:13 |
| Status | New |
| Announcement Sub Title | Resignation of Chief Financial Officer |
| Announcement Reference | SG240826OTHRE23I |
| Submitted By (Co./ Ind. Name) | Iqbal Jumabhoy |
| Designation | Chief Executive Officer and Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Chief Financial Officer. 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 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 Foo Jien Jieng, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg |
| Additional Details | |
| Name Of Person | Vanida Traitodsaporn |
| Age | 49 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/08/2024 |
| Detailed Reason (s) for cessation | The cessation is due to an internal restructuring within the controlling shareholder, DTGO Corporation Limited, whereby Ms. Vanida Traitodsaporn's ("Ms. Traitodsaporn") service is required. As such, she has to relinquish her role with the Company. Ms. Traitodsaporn is currently serving her notice period and she will continue to work with the Company through the transition period to 30 August 2024 to ensure a smooth handover of duties. After having interviewed Ms. Traitodsaporn and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Ms. Traitodsaporn as Chief Financial Officer. In addition, there are no concerns with regards to financial reporting that led to the cessation of Ms. Traitodsaporn, and there are no disagreements between Ms. Traitodsaporn and the Company's Board of Directors with regards 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 | 23/01/2024 |
| 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) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 6 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Financial Officer |
| Role and responsibilities | Chief Financial Officer. Areas of responsibility include Finance and Accounting. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Directorships: None Other principal commitments: None |
| Present | Directorships: None Other principal commitments: None |
