Change - Announcement of Cessation::Retirement of Executive Director

Issuer & Securities

Issuer/ Manager
ACESIAN PARTNERS LIMITED
Securities
ACESIAN PARTNERS LIMITED - SG1Q66923448 - 5FW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Apr-2023 20:38:06
Status
New
Announcement Sub Title
Retirement of Executive Director
Announcement Reference
SG230405OTHRD104
Submitted By (Co./ Ind. Name)
Wong Kok Chye
Designation
Group Chief Operating Officer
Effective Date and Time of the event
05/04/2023 20:30:00
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's Sponsor, Asian Corporate Advisors Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange 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 Mr. Liau H.K., at 160 Robinson Road, #21-05 SBF Center, Singapore 068914, Telephone number: 6221 0271

Additional Details

Name Of Person
Wong Kok Chye
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
27/04/2023
Detailed Reason (s) for cessation
Mr. Wong Kok Chye is due to retire as Executive Director at the Company's forthcoming Annual General Meeting to be held on 27 April 2023 and is eligible for re-election. He has decided to retire and not sought for re-election as Executive Director of the Company as he would like to focus on the Group's operation and business development / sales. The Board noted and accepted his decision. He will remain as the Group Chief Operating Officer of the Company.

After having interviewed Mr. Wong Kok Chye and to the best of its knowledge, the Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Wong Kok Chye as Executive Director.
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
07/01/2013
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.)
Executive Director and Group Chief Operating Officer
Role and responsibilities
He is responsible for the operation and expansion of the Group's manufacturing and distribution businesses.
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
3,781,500 shares, 0.79%
Other Directorships
Past (for the last 5 years)
Acesian Engineering Pte Ltd
Acesian Star (S) Pte Ltd
Active Building Technologies Pte Ltd
MTS Systems Engineering Pte Ltd
Present
Acesian Technologies Pte Ltd
Acesian Systems Pte Ltd