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The Board of Cim Financial Services Ltd wishes to inform its shareholders and the public that Mr. Jean Pierre Lim Kong will be stepping down as Chief Finance Executive of Company with effect from 31st December 2016. He will be taking over as the new CEO of Innodis Ltd.

Mr. Lim Kong joined the Cim Group in 2005 as Managing Director of Cim Finance Ltd and Cim Leasing and has had a successful career with the Group culminating in his appointments as Chief Finance Executive in 2008 and Executive Director of the Company in 2012. Jean Pierre has led several strategic projects during his term in office at Cim and has contributed significantly to the growth and success of the Group.

Highlights of the year under review

At the start of 2019, the Property cluster of the Group (trading now as Lavastone Ltd) was carved out and listed separately on the Development and Enterprise Market (DEM). The Statement of Financial Position of the Group as at end of September 2019 reflects this event.

The Board would like to take this opportunity to thank Mr. Lim Kong for the dedication and commitment with which he served the Group. We wish him every success in his new role.

A succession process has been initiated and shareholders and the public will be advised of his replacement in due course.

By order of the Board
Cim Administrators Ltd
14 July 2016

This communiqué is issued pursuant to Listing Rule 11.3

The Board of Cim Financial Services Ltd accepts full responsibility for the accuracy of the information contained in this communiqué.