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Change - Announcement Of Resignation Of Key Management

BackMar 19, 2019
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Mar 19, 2019 17:27
Status New
Announcement Reference SG190319OTHR96PS
Submitted By (Co./ Ind. Name) DATO' MURLY MANOKHARAN
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:
Additional Details
Name Of Person Looi Kok Eu
Age 55
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