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

Issuer & Securities

Issuer/ Manager
ALPHA ENERGY HOLDINGS LIMITED
Securities
ALPHA ENERGY HOLDINGS LIMITED - SG2D85975506 - 5TS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Nov-2019 17:16:59
Status
New
Announcement Sub Title
Cessation of Non-Executive Director
Announcement Reference
SG191122OTHRQ5RH
Submitted By (Co./ Ind. Name)
Tan Wee Sin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr. Ang Yew Jin, Eugene as a Non-Executive Director.

This announcement has been prepared by the Company and it's contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") in accordance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST. 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. Gillian Goh, Director, Head of Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: sponsorship@ppcf.com.sg).

Additional Details

Name Of Person
Ang Yew Jin, Eugene
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
22/11/2019
Detailed Reason (s) for cessation
To dedicate more time to focus on IT business.

After having interviewed Mr. Ang Yew Jin, Eugene, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Ang Yew Jin, Eugene as a Non-Executive Director.

Following the cessation of Mr. Ang Yew Jin, Eugene as a Non-Executive Director, he will cease to be a member of the Audit Committee of the Company. The Company will announce the new composition of the Audit Committee once finalised.
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
01/01/2016
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director of the Company.
A member of Audit Committee.
Role and responsibilities
Responsibilities as a Non-Executive Director and a member of Audit Committee of the Company.
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?
Yes
Shareholding Details
Deemed interested in 160,852,617 ordinary shares of the Company
Past (for the last 5 years)
Nil
Present
Canyon Investments Pte Ltd
JK Premier Holdings Pte Ltd
JK Tech Holdings Pte Ltd
Magenta Consulting Pte Ltd
JK Fintech Services Pte Ltd
JK Technology Pte. Ltd.
JK Tech System (M) Sdn Bhd