Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
ASPIAL LIFESTYLE LIMITED
Securities
ASPIAL LIFESTYLE LIMITED - SG2E90982678 - 5UF
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Apr-2026 23:39:41
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG260428OTHR76NA
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 Mr Tan Soo Kiang ("Mr Tan") as Independent Director at the conclusion of the Annual General Meeting held on 28 April 2026. Following the cessation, Mr Tan will also be relinquishing his position as a Chairman of the Remuneration Committee and a member of the Audit Committee.

The Board expresses its appreciation to Mr Tan for his dedication and invaluable contribution during his 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 for 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
Tan Soo Kiang
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date.
28/04/2026
Detailed reason(s) for cessation
Mr Tan has been serving as an Independent Director of the Company for more than 9 years since his appointment. In compliance with Rule 406(3)(d)(iv) of the Catalist Rules which prescribed a 9-year tenure limit for independent directors, Mr Tan has retired as an Independent Director of the Company upon the conclusion of the Annual General Meeting held on 28 April 2026.

The Sponsor has enquired Mr Tan, and is satisfied that other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr Tan as an 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
12/07/2016
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Remuneration Committee and a member of the Audit Committee.
Role and responsibilities
Non-Executive
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
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
1
Shareholding interest in the listed issuer and its subsidiaries
No
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
N.A.
Other Directorships
Past (for the last 5 years)
N.A.
Present
Pertama Holdings Pte Ltd
iShine Cloud Ltd
Lew Foundation Limited