|Announcement Title||Change - Announcement of Cessation|
|Announcement Subtitle||RESIGNATION OF KEY MANAGEMENT - IR WOO KOK WENG|
|Securities||ASPEN (GROUP) HOLDINGS LIMITED (ASPEN)
|Date & Time of Broadcast||Aug 30, 2019 17:20|
|Submitted By||DATO' MURLY MANOKHARAN
PRESIDENT AND GROUP CHIEF EXECUTIVE OFFICER
|Description||This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") in accordance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.
This announcement has not been examined or approved by the SGX-ST. The SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Ms. Jennifer Tan, Associate Director, Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: firstname.lastname@example.org).
|Name of person||IR WOO KOK WENG|
|Is effective date of cessation known?||Yes|
|Effective date for cessation||Oct 14, 2019|
|Detailed reason(s) for cessation||Retirement. After having interviewed Ir Woo Kok Weng and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Ir Woo Kok Weng as the Executive Director 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||Jul 1, 2014|
|Does the AC have a minimum of 3 members (taking into account this cessation)?||Yes|
|Number of independent directors currently resident in Singapore (taking this 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||2|
|Job Title||Key Management - Executive Director|
|Role and responsibilities||Ir Woo Kok Weng is overall responsible in overseeing general business development and coordinate specific operations and operations relating to partnerships and joint ventures. His responsibilities will be taken over by Puan Zainun Binti Abdul Rahman, Executive Director (Corporate/Business Development).|
|Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries||None|
|Shareholdings interest in the listed issuer and its subsidaries?||Yes|
|Shareholding Details||Direct Interest - 166,000 Ordinary Shares|
|Past (for the last 5 years)||Aspen Vision Land Sdn Bhd|
|Present||Aspen Vision City Sdn Bhd (To be relinquished on or before 14/10/2019)
Bandar Cassia Properties (SC)
Sdn Bhd (To be relinquished on or before 14/10/2019)
Alpha Penta Sdn. Bhd.