Change - Announcement of Cessation::Retirement of Non-Executive Non-Independent Director

Issuer & Securities

Issuer/ Manager
ASPIAL LIFESTYLE LIMITED
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Apr-2025 23:19:25
Status
New
Announcement Sub Title
Retirement of Non-Executive Non-Independent Director
Announcement Reference
SG250428OTHRA94T
Submitted By (Co./ Ind. Name)
Lim Swee Ann
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Aspial Lifestyle Limited (the "Company") would like to announce the cessation of Ms Ko Lee Meng ("Ms Ko") as Non-Executive and Non-Independent Director at the conclusion of the Annual General Meeting held on 28 April 2025. Following the cessation, Ms Ko will also be relinquishing her position as a member of the Remuneration Committee.

The Board expresses its appreciation to Ms Ko for her dedication and invaluable contribution during her tenure of service.

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited ("Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 contact person of the Sponsor is Ms Lee Khai Yinn (Tel: 6232 3210) at 1 Robinson Road #21-01 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Ko Lee Meng
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2025
Detailed Reason (s) for cessation
Ms Ko has retired as a Non-Executive and Non-Independent Director of the Company upon the conclusion of the Annual General Meeting held on 28 April 2025.

The Sponsor has enquired Ms Ko, and is satisfied that other than as disclosed in this announcement, there are no other material reasons for the cessation of Ms Ko as a Non-Executive and Non-Independent 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
28/07/2008
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)
3
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.)
Non-Executive and Non-Independent Director, a member of Remuneration Committee
Role and responsibilities
Non-Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Ms Ko is the sister of Mr Koh Wee Seng, the Non-Executive Chairman and controlling shareholder of the Company, and sister of Ms Koh Lee Hwee, the controlling shareholder of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Ms Ko has a direct interest in 17,681,376 shares and a deemed interest in 1,322,203,007 shares in the Company as at the date of this announcement.

By virtue of Section 7 of the Companies Act 1967, Ms Ko is also deemed to have an interest in the shares of the Company and its subsidiaries to the extent held by Aspial Corporation Limited.
Other Directorships
Past (for the last 5 years)
Gold Purple Pte. Ltd.
GP Hotel Assets Pte. Ltd.
GP Hotel Capital Pte. Ltd.
GP Hotel Heritage Pte. Ltd.
GP Hotel Investment Pte. Ltd.
GP Hotel Ventures Pte. Ltd.
LuxeSTYLE (Australia) Pty Ltd
Maxi Cash (Georgetown) Sdn Bhd
Maxi-Cash Melbourne (VIC) Pty Ltd
Parc Sovereign Hotel Management
Pte. Ltd. (struck off)
Present
Aspial Corporation Limited
Aspial International Pte. Ltd.
Aspial Investment Holding
Pte. Ltd.
Aspial Lifestyle Jewellery Group
Pte. Ltd.
Aspial Treasury Pte. Ltd.
BU2 Services Pte. Ltd.
Dynamic Project Management
Services Pte. Ltd.
Global Premium Hotels Limited
Goldheart Jewelry Pte. Ltd.
GP Hotel Equity Pte. Ltd.
GP Hotel Management Pte. Ltd.
JK (Farrer Park) Pte. Ltd.
JK (Kallang Park) Pte. Ltd.
Lee Hwa Jewellery Pte. Ltd.
LuxeSTYLE (Malaysia) Sdn. Bhd.
Maxi-Cash (Australia) Pty Ltd
Maxi-Cash (Central 2) Pte. Ltd.
Maxi-Cash (Central) Pte. Ltd.
Maxi-Cash (Clementi) Pte. Ltd.
Maxi-Cash (East 2) Pte. Ltd.
Maxi-Cash (East) Pte. Ltd.
Maxi-Cash (North East) Pte. Ltd.
Maxi-Cash (North) Pte. Ltd.
Maxi-Cash (West) Pte. Ltd.
Maxi-Cash Assets Pte. Ltd.
Maxi-Cash Capital Management
Pte. Ltd.
Maxi-Cash Capital Pte. Ltd.
Maxi-Cash Financial Pte. Ltd.
Maxi-Cash Group Pte. Ltd.
Maxi-Cash International Pte. Ltd.
Maxi-Cash Investment Holding
Pte. Ltd.
Maxi-Cash Jewellery Group
Pte. Ltd.
Maxi-Cash Property Pte. Ltd.
Maxi-Cash Retail Pte. Ltd.
Maxi-Cash Ventures Pte. Ltd.
MC Client Service Pte. Ltd.
MLHS Holdings Pte Ltd
Pit-Stop Credit (SG) Pte. Ltd.
World Class Developments (Bedok)
Pte. Ltd.
World Class Developments
(Central) Pte. Ltd.
World Class Developments
(City Central) Pte. Ltd.
World Class Developments (North)
Pte. Ltd.
World Class Developments
Pte. Ltd.
World Class Land Pte. Ltd.
World Class Property (North)
Pte. Ltd.