Change - Announcement Of Retirement Of Chief Financial Officer
BackSep 17, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Sep 17, 2024 22:35 |
| Status | New |
| Announcement Sub Title | Retirement of Chief Financial Officer |
| Announcement Reference | SG240917OTHR7PY6 |
| Submitted By (Co./ Ind. Name) | Yeo Hui Leng |
| Designation | Company Secretary and Group General Counsel |
| Effective Date and Time of the event | 17/09/2024 17:00:00 |
| Description (Please provide a detailed description of the event in the box below) | ANNOUNCEMENT OF CESSATION OF CHIEF FINANCIAL OFFICER |
| Additional Details | |
| Name Of Person | Teo Wee Jone |
| Age | 52 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 15/10/2024 |
| Detailed Reason (s) for cessation | Retirement of Chief Financial Officer Mr Teo Wee Jone (Mr Teo) had tendered his notice regarding the intention to retire as the Chief Financial Officer (CFO) of the Company and its subsidiaries/related companies (Group) in line with the Company's strategic leadership development and succession planning. |
| 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 | 01/01/2010 |
| 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 | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | CHIEF FINANCIAL OFFICER |
| Role and responsibilities | Mr Teo is responsible for all matters relating to the financial management of the Company and the 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? | Yes |
| Shareholding Details | 943,600 ordinary shares of listed issuer |
| Past (for the last 5 years) | MindChamps (Malaysia) Sdn. Bhd. |
| Present | MindChamps Academie of Stars Pte. Limited MindChamps Capital Pte. Limited MindChamps - Pavcap Preschool Global Holdings Pte. Limited MindChamps (Beijing) Education Ltd MindChamps Preschool @ Changi Airport Pte. Ltd. |