Change - Announcement of Cessation::Cessation of Executive Director and Chief Executive Officer (CEO)

Issuer & Securities

Issuer/ Manager
ALPHA DX GROUP LIMITED
Securities
ALPHA DX GROUP LTD - SGXE43564132 - VVL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
06-Jan-2023 18:20:28
Status
New
Announcement Sub Title
Cessation of Executive Director and Chief Executive Officer (CEO)
Announcement Reference
SG230106OTHRM6XF
Submitted By (Co./ Ind. Name)
Lim Kok Meng
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Evolve Capital Advisory Private Limited (Sponsor), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (SGX-ST). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and 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 details of the contact person for the Sponsor are:-
Name: Mr Jerry Chua (Registered Professional, Evolve Capital Advisory Private Limited)
Address: 138 Robinson Road, Oxley Tower, #13-02, Singapore 068906
Tel: (65) 6241 6626

Additional Details

Name Of Person
Daiji Yamada
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
06/01/2023
Detailed Reason (s) for cessation
Mr Daiji Yamada has tendered his resignation as an Executive Director and the Chief Executive Officer (CEO) due to disagreements and differences with the controlling shareholder, DiDi Investments Inc. (the Controlling Shareholder), on management and operational matters of the Group as well as number of unpaid expense claims.

After having interviewed Mr Daiji Yamada and to the best of its knowledge, the Sponsor is satisfied that there are no other material reasons for the cessation of Mr Daiji Yamada as the CEO 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?
Yes
If Yes, Please provide full details
Differences and disagreements with the Controlling Shareholder on management and operational matters of the Group.
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
08/12/2020
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer
Role and responsibilities
Responsible for the day to day operations and involved in corporate exercises, including the fund raising and business diversification of the Group.

Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
2020 to 2022
Chief Executive Officer
ERC Institute Pte Ltd

2020 to 2021
Executive Management Advisor
C2C Global Education Japan
(formerly known as Yamanashi
Gakuin School Corporation)

2018 to 2020
Chief Strategy Officer
C2C Global Education Japan
(formerly known as Yamanashi
Gakuin School Corporation)

2017 to 2019
Chief Executive Officer
MasterLingual Academy of Communication, Japan

2015 to 2019
Asnaro Challengers, LLC
Managing Director
Present
Nil