Change - Announcement of Cessation::Retirement of Lead Independent Director

Issuer & Securities

Issuer/ Manager
ASIA ENTERPRISES HOLDING LIMITED
Securities
ASIA ENTERPRISES HOLDING LTD - SG1S11926551 - A55
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Apr-2024 18:29:11
Status
New
Announcement Sub Title
Retirement of Lead Independent Director
Announcement Reference
SG240409OTHRS3AW
Submitted By (Co./ Ind. Name)
LEE YIH CHYI
Designation
MANAGING DIRECTOR
Description (Please provide a detailed description of the event in the box below)
Retirement of Tan Keh Yan, Peter as Lead Independent Director at the forthcoming Annual General Meeting of the Company.

Additional Details

Name Of Person
Tan Keh Yan, Peter
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
24/04/2024
Detailed Reason (s) for cessation
Tan Keh Yan, Peter who has served on the Board beyond nine years and is due for retirement at the forthcoming Annual General Meeting to be held on 24 April 2024, is not seeking for re-election, to support progressive renewal of the Board.
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
22/07/2005
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)
3
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.)
Lead Independent Director, Chairman of the Audit Committee and a member of the Nominating and Remuneration Committees
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
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Tan Keh Yan, Peter holds 125,000 shares of the Company
Past (for the last 5 years)
Director of Sin Heng Heavy Machinery Limited
Present
Director of Aspial Lifestyle Limited