| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 23, 2024 23:15 |
| Status | New |
| Announcement Sub Title | Resignation of Acting Group Chief Executive Officer cum Group Financial Controller |
| Announcement Reference | SG240123OTHRCWQ3 |
| 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 Mr Leow Soon Hoe as Acting Group Chief Executive Officer cum Group Financial Controller. 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 | Leow Soon Hoe |
| Age | 37 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 23/01/2024 |
| Detailed Reason (s) for cessation | Mr Leow Soon Hoe ("Mr Leow") has tendered his resignation as the Acting Group Chief Executive Officer cum Group Financial Controller of the Company with effect from the Completion of the Proposed Acquisition. Mr Leow will continue to remain as the employee post Completion of the Proposed Acquisition. 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 material reasons for the resignation of Mr Leow as the Acting Group Chief Executive Officer cum Group Financial Controller of the Company. |
| 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 | 01/01/2023 |
| 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) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Acting Group Chief Executive Officer cum Group Financial Controller |
| Role and responsibilities | Responsible for the overall management of the 3Cnergy Group as well as the accounting, finance and reporting functions of the 3Cnergy Group. |
| 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) | 1. 3Cnergy Property Pte Ltd 2. 3Cnergy Property Management Sdn Bhd 3. Paxel Consultants Pte Ltd 4. 3C Marina Park Sdn Bhd 5. Whitehouse Holdings Pte Ltd |
| Present | 1. 3C Property Consultants Pte Ltd 2. Orientis Solutions Sdn Bhd 3. 3Cnergy Sdn Bhd |
