| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 1, 2022 17:30 |
| Status | New |
| Announcement Sub Title | Resignation of Group Chief Executive Officer |
| Announcement Reference | SG221201OTHRHUK6 |
| Submitted By (Co./ Ind. Name) | Leow Soon Hoe |
| Designation | Group Financial Controller |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Chung Chee Khuen as Group Chief Executive Officer of the Company. 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 "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 Foo Jien Jieng,16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg. |
| Additional Details | |
| Name Of Person | CHUNG CHEE KHUEN |
| Age | 54 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/01/2023 |
| Detailed Reason (s) for cessation | Mr Chung has been with the Group since 2015. In view of the fact that the Group is currently in the process of seeking and considering new business opportunities, Mr Chung felt that it would be timely for him to step down to pursue other career opportunities and personal interests. After having interviewed Mr Chung 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 resignation of Mr Chung as the Company's Group Chief Executive 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 | 30/06/2018 |
| 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) | 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 EXECUTIVE OFFICER |
| Role and responsibilities | Responsible for the overall management of 3Cnergy 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? | No |
| Past (for the last 5 years) | 1. 3Cnergy Limited 2. 3Cnergy Living Sdn Bhd 3. 3Cnergy Property Management Sdn Bhd 4. 3Cnergy Venture R Sdn Bhd 5. 3Cnergy Property Pte Ltd 6. 3Cnergy Property Management Pte Ltd 7. Paxel Consultants Pte Ltd 8. Big Data Research Sdn Bhd 9. Creative Destroyer Sdn Bhd 10. Foxcraft Sdn Bhd 11. FZ Sdn Bhd 12. FZBiz Sdn Bhd 13. The Tortoise Express Sdn Bhd 14. TKO Concepts Sdn Bhd |
| Present | 1. 3Cnergy Sdn Bhd 2. Orientis Solutions Sdn Bhd 3. 3C Property Consultants Pte Ltd 4. Whitehouse Holdings Pte Ltd 5. 3C Marina Park Sdn Bhd 6. Bizinfo Consulting Sdn Bhd 7. Emerwood Sdn Bhd 8. Jed Zaman Sdn Bhd 9. Kemboja Manja Sdn Bhd 10. Konsotium Perkasa Sdn Bhd 11. Lanjut Kurnia Sdn Bhd 12. Net Edge Online Sdn Bhd 13. Phileo Sdn Bhd 14. Phileo Group Sdn Bhd 15. Phileo Spring Sdn Bhd 16. Prima Fajar Sdn Bhd 17. Season Paradise Sdn Bhd 18. Seed2Tree Sdn Bhd 19. The Edge Communications Network Sdn Bhd |
