News | Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 25, 2025 18:05 |
| Status | New |
| Announcement Sub Title | Cessation of Director |
| Announcement Reference | SG250325OTHR1JHN |
| 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) | Cessation of Dr. Lim Su Kiat as Non-Independent Non-Executive Director |
| Additional Details | |
| Name Of Person | Lim Su Kiat |
| Age | 50 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 16/04/2025 |
| Detailed Reason (s) for cessation | Dr. Lim Su Kiat ("Dr. Lim") has notified the Board that he will resign as a Director of the Company with effect from 16 April 2025, due to increased commitments in his other professional endeavours. Upon his resignation, Dr. Lim will cease to be Non-Independent Non-Executive Director and member of the Audit Committee and Remuneration Committee. The Board would like to record its gratitude and appreciation to Dr. Lim for his invaluable contributions to Aspen over the years and wishes Dr. Lim well 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 | 22/12/2016 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| 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 | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | - Non-Independent Non-Executive Director - Member of Audit Committee - Member of Remuneration Committee |
| Role and responsibilities | Fulfill the responsibilities of Non-Independent Non-Executive Director, and member of 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 | No |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Direct Interest - 33,152 ordinary shares |
| Past (for the last 5 years) | 1) Kanada-Ya SG Pte. Ltd. 2) Kanada-Ya Restaurants Pte. Ltd. 3) Rockworth Capital Partners Pte. Ltd. 4) Aspen Vision All Sdn. Bhd. 5) Aspen Vision City Sdn. Bhd. 6) Firmus Cap (TPI) Pte. Ltd. |
| Present | 1) Aspen Vision Group Sdn. Bhd. 2) Laville Pte. Ltd. 3) M&S Global Ventures Sdn. Bhd. 4) Firmus Capital Pte. Ltd. 5) Firmus Investment Management Pty. Ltd. 6) Firmus Creek Pty. Ltd. 7) Firmus Property Pty. Ltd. 8) Firmus Opportunity Fund VCC 9) Firmus Cap (BBCR) Pte. Ltd. 10) Vogue Victus Pty. Ltd. 11) Firmus Communities Fund 1 VCC |