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Change - Announcement Of Cessation Of Managing Director Of Aspen Glove Sdn. Bhd.

BackJun 18, 2022
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Jun 18, 2022 19:31
Status New
Announcement Reference SG220618OTHRMXU8
Submitted By (Co./ Ind. Name) DATO' MURLY MANOKHARAN
Description (Please provide a detailed description of the event in the box below) CESSATION OF MR ISKANDAR BASHA BIN ABDUL KADIR AS MANAGING DIRECTOR OF ASPEN GLOVE SDN. BHD.
Additional Details
Name Of Person Iskandar Basha Bin Abdul Kadir
Age 62
Is effective date of cessation known? Yes
If yes, please provide the date 30/06/2022
Detailed Reason (s) for cessation Mr Iskandar Basha Bin Abdul Kadir ("Mr Iskandar") has tendered his resignation in view of Aspen Glove Sdn. Bhd.'s ("AGSB") decision to significantly scale down its operations.

AGSB has accepted Mr Iskandar's resignation as Managing Director of AGSB and his effective last date of service shall be 30 June 2022. Mr Iskandar will also cease as a director of AGSB with effect from 30 June 2022.

Mr Iskandar's responsibilities will be taken over by the President and Group Chief Executive Officer of the Company, Dato' Murly Manokharan.

The Company expresses its gratitude to Mr Iskandar for his valuable contributions during his tenure of service and wishes him success in his future endeavours.
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 02/09/2020
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 1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Managing Director of Aspen Glove Sdn. Bhd.
Role and responsibilities Mr. Iskandar's responsibilities include developing and executing viable business strategies, overseeing AGSB's financial performance, operations, marketing activities, investments and business ventures as well as implementing such policies and procedures as part of the overall quality management system for AGSB.
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? Yes
Shareholding Details 5% of the issued and paid-up share capital in Aspen Glove Sdn. Bhd.
Past (for the last 5 years) None
Present 1. Starship Port Sdn. Bhd.
2. Aspen Glove Sdn. Bhd. (To be relinquished on 30 June 2022)