Change - Announcement of Cessation::Cessation of Chief Financial Officer
Issuer & Securities
Issuer/ ManagerSAMURAI 2K AEROSOL LIMITED
SecuritiesSAMURAI 2K AEROSOL LIMITED - SG1DE0000002 - 1C3
Stapled SecurityNo
Announcement Details
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast31-Jul-2018 18:18:58
StatusNew
Announcement Sub TitleCessation of Chief Financial Officer
Announcement ReferenceSG180731OTHRQGMQ
Submitted By (Co./ Ind. Name)Ong Yoke En
DesignationExecutive Director & Chief Executive Officer
Effective Date and Time of the event31/07/2018 17:00:00
Description (Please provide a detailed description of the event in the box below)Cessation of Chief Financial Officer.

Samurai 2K Aerosol Limited (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 16 January 2017. The initial public offering of the Company was sponsored by UOB Kay Hian Private Limited. (the "Sponsor").

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact persons for the Sponsor are Mr Alvin Soh, Head of Catalist Operations, Senior Vice President and Mr Lan Kang Ming, Vice President, at 8 Anthony Road, #01-01, Singapore 229957, Telephone (65) 6590 6881.
Additional Details
Name Of PersonSoo Choon Siong
Age44
Is effective date of cessation known?Yes
If yes, please provide the date31/07/2018
Detailed Reason (s) for cessationMr Soo Choon Siong has resigned as Chief Financial Officer of the Company to pursue career advancement.

The Company's sponsor, UOB Kay Hian Private Limited, after having interviewed Mr Soo, is not aware of any other material reasons for the cessation of Mr Soo as the Chief Financial Officer of the Company.

In addition, there are no concerns with regard to financial reporting that led to the departure of Mr Soo and there are no disagreements between Mr Soo and the Company's Board of Directors with regard to practices that will have a material impact to 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 position17/11/2017
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)1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Chief Financial Officer
Role and responsibilitiesResponsible for the Group's financial and management accounting, treasury, taxation and other corporate compliance matters.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiariesNil.
Shareholding interest in the listed issuer and its subsidiaries?Yes
Shareholding Details15,000 ordinary shares of Samurai 2K Aerosol Limited
Past (for the last 5 years)Yi-Lai Berhad
Yi-Lai Industry Berhad
Yi-Lai Marketing Sdn Bhd
PresentNil