Change - Announcement Of Resignation Of Deputy Vice President - Sales And Proposal Engineering

BackMar 03, 2020
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Mar 3, 2020 18:17
Status New
Announcement Sub Title Resignation of Deputy Vice President - Sales and Proposal Engineering
Announcement Reference SG200303OTHRZCLC
Submitted By (Co./ Ind. Name) Christopher Nghia Do
Designation President and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below) Resignation of Deputy Vice President - Sales and Proposal Engineering

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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. Ong Hwee Li, at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542, telephone (65) 6232 3210.
Additional Details
Name Of Person Loh Koon Yau
Age 40
Is effective date of cessation known? Yes
If yes, please provide the date 15/03/2020
Detailed Reason (s) for cessation Ms Loh Koon Yau ("Ms Loh") had tendered her resignation on 15 October 2019 as she planned to move out from Malaysia. While her notice period is only 2 months, Ms Loh had agreed to stay on to support the team and had reaffirmed her decision to leave in end February 2020.

The Board thanks Ms Loh for her invaluable contributions during her tenure of service. As part of the Group's plan to streamline the organization, Ms. Loh's role and responsibilities will be assumed by IEV's existing management team including the CEO, Mr Christopher Do.

The Company's Sponsor, after having interviewed Ms Loh, is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the resignation of Ms Loh as Deputy Vice President - Sales and Proposal Engineering 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 01/04/2017
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 0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Deputy Vice President - Sales and Proposal Engineering
Role and responsibilities Ms Loh is responsible for the management of sales activities and the proposal engineering team for the full suite of technologies offered under the Asset Integrity Management Sector.
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) None
Present None