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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Nov 18, 2020 18:26 |
| Status | New |
| Announcement Sub Title | Resignation of Company Secretary and Financial Controller |
| Announcement Reference | SG201118OTHRA2UV |
| Submitted By (Co./ Ind. Name) | Ms Ratna Maknawi |
| Designation | Executive Vice Chairman |
| Description (Please provide a detailed description of the event in the box below) | The Board of Directors wishes to announce the resignation of Mr Phillip Lim Lian Teng ("Mr Phillip Lim") as the Company Secretary and Financial Controller. |
| Additional Details | |
| Name Of Person | Phillip Lim Lian Teng |
| Age | 54 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 20/11/2020 |
| Detailed Reason (s) for cessation | As part of the Group's effort to manage costs and streamline its operations, the Singapore operations will be wound down and the finance and accounting functions will be consolidated to the head office in Jakarta. Following the abovementioned restructuring, Mr Phillip Lim has resigned as the Company Secretary and Financial Controller with effect from 20 November 2020. His roles and responsibilities as the Financial Controller shall be assumed by the Group Chief Financial 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 | 31/12/2012 |
| 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 | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Company Secretary and Financial Controller |
| Role and responsibilities | Mr Phillip Lim is responsible for the Group's financial and accounting matters. He is also the Company Secretary for the Company and its subsidiaries. |
| 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 |