Announcements
Change – Announcement of Cessation:: Resignation of Finance Director
Mar 07, 2024
| Issuer/ Manager | Vallianz Holdings Limited |
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | 07 Mar 2024, 18:10 |
| Status | New |
| Announcement Sub Title | Resignation of Finance Director |
| Announcement Reference | SG240307OTHRAXKH |
| Submitted By (Co./ Ind. Name) | Ling Yong Wah |
| Designation | Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("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 Mr Khong Choun Mun, Registered Professional, RHT Capital Pte. Ltd., 36 Robinson Road, #10-06 City House, Singapore 068877, sponsor@rhtgoc.com. |
| Name of Person |
Lean Soon Huei |
| Age |
54 |
| Is effective date of cessation known? |
Yes |
| If yes, please provide the date |
18/04/2024 |
| Detailed Reason (s) for cessation |
Mr. Lean Soon Huei (“Mr. Lean”) tendered his resignation as Finance Director to pursue other career opportunities. After having interviewed Mr. Lean and to the best of its knowledge, the Company’s Sponsor, RHT Capital Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Lean as the Finance Director of the Company. In addition, there are no concerns with regards to financial reporting that led to the resignation of Mr. Lean and there are no disagreements between Mr. Lean and the Board of Directors of the Company with regards to practices that will have an impact to the Company’s and/or the Group’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 |
12/09/2022 |
| 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 |
1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) |
Finance Director |
| Roles and responsbilities |
Executive |
| 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) |
Nil |
| Present |
Nil |