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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Oct 7, 2024 23:51 |
| Status | New |
| Announcement Sub Title | RETIREMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR - DATO' ALAN TEO KWONG CHIA |
| Announcement Reference | SG241007OTHRAZX2 |
| Submitted By (Co./ Ind. Name) | DATO' MURLY MANOKHARAN |
| Designation | PRESIDENT AND GROUP CHIEF EXECUTIVE OFFICER |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Dato' Alan Teo Kwong Chia as Independent Non-Executive Director of the Company |
| Additional Details | |
| Name Of Person | Alan Teo Kwong Chia |
| Age | 65 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 22/10/2024 |
| Detailed Reason (s) for cessation | Dato' Alan Teo Kwong Chia ("Dato' Alan Teo"), who is due to retire pursuant to Regulation 97 of the Company's Constitution, has notified the Board that he will not be seeking re-election and will retire as a Director of the Company at the conclusion of the Company's forthcoming Annual General Meeting ("AGM") on 22 October 2024, as part of the Board's renewal process. Upon Dato' Alan Teo's retirement, he will cease to be the Chairman of Nominating Committee ("NC") and a member of the Audit Committee ("AC") and Remuneration Committee ("RC"). The Board would like to record its gratitude and appreciation to Dato' Alan Teo for his invaluable contributions to Aspen over the years and wishes Dato' Alan Teo well in their 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 | 20/06/2017 |
| 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 | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | - Independent Non-Executive Director - Chairman of Nominating Committee - Member of Audit Committee - Member of Remuneration Committee |
| Role and responsibilities | Independent Non-Executive Director, Chairman of the Nominating Committee as well as a member of the Audit Committee and Remuneration Committee. |
| 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 | Direct Interest - 205,516 ordinary shares |
| Past (for the last 5 years) | THSL Management Services Sdn. Bhd. |
| Present | Bluestone Education Group Sdn. Bhd. |