Change - Announcement of Cessation::RETIREMENT OF CHAIRMAN AND INDEPENDENT NON-EXECUTIVE DIRECTOR - MR. CHEAH TEIK SENG

Issuer & Securities

Issuer/ Manager
ASPEN (GROUP) HOLDINGS LIMITED
Securities
ASPEN (GROUP) HOLDINGS LIMITED - SG1DI2000001 - 1F3
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-Oct-2024 23:49:55
Status
New
Announcement Sub Title
RETIREMENT OF CHAIRMAN AND INDEPENDENT NON-EXECUTIVE DIRECTOR - MR. CHEAH TEIK SENG
Announcement Reference
SG241007OTHRVZQ4
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)
Retirement of Mr. Cheah Teik Seng as the Chairman and Independent Non-Executive Director of the Company

Additional Details

Name Of Person
Cheah Teik Seng
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date
22/10/2024
Detailed Reason (s) for cessation
Mr. Cheah Teik Seng ("Mr. Cheah") has notified the Board that he will retire voluntarily as a Director of the Company at the conclusion of the Company's forthcoming Annual General Meeting ("AGM") on 22 October 2024, as part of the Board's renewal process.

Upon Mr. Cheah's retirement, he will cease to be the Chairman of the Board, Chairman of the Audit Committee ("AC") and Remuneration Committee ("RC"), as well as a member of the Nominating Committee ("NC").

The Board would like to record its gratitude and appreciation to Mr. Cheah for his invaluable contributions to Aspen over the years and wishes Mr. Cheah well in their 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
20/06/2017
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
- Chairman and Independent Non-Executive Director
- Chairman of Audit Committee
- Chairman of Remuneration Committee
- Member of Nominating Committee
Role and responsibilities
Chairman and Independent Non-Executive Director, Chairman of the Audit Committee and Remuneration Committee as well as a member of the Nominating 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 - 4,480,252 ordinary shares
Past (for the last 5 years)
None
Present
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