|Announcement Title||Change - Announcement of Cessation|
|Date & Time of Broadcast||Mar 19, 2019 17:27|
|Announcement Sub Title||RESIGNATION OF KEY MANAGEMENT|
|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)||Aspen (Group) Holdings Limited (the "Company") is listed on Catalist of the Singapore Exchange Securities Trading Limited (the SGX-ST") on 28 July 2017. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (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 nor 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 person for the Sponsor is Ms. Jennifer Tan, Associate Director (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: firstname.lastname@example.org).
|Name Of Person||Looi Kok Eu|
|Is effective date of cessation known?||Yes|
|If yes, please provide the date||18/05/2019|
|Detailed Reason (s) for cessation||Relocation to Kuala Lumpur and to pursue other career opportunities. Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Looi Kok Eu as the Executive Director (Treasury) of the Company.|
|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||01/02/2019|
|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||0|
|Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)||Key Management - Executive Director (Treasury)|
|Role and responsibilities||Mr Looi Kok Eu has the overall responsibility for the operation and management of the Company's following functions: banking relations, cash management, debt management, corporate responsibility and strategic initiatives. His responsibilities will be taken over by the Chief Financial Officer of the Company i.e. Mr Lim Soo Aun.|
|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 - 69,000 ordinary shares|
|Past (for the last 5 years)||Aspen Vision City Sdn Bhd|
|Present||Alpha Penta Sdn Bhd