Change - Announcement of Cessation::Cessation of Executive Director and Acting Chief Executive Officer

Issuer & Securities

Issuer/ Manager
JASPER INVESTMENTS LIMITED
Securities
JASPER INVESTMENTS LIMITED - SG1W79939920 - FQ7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Sep-2020 17:35:23
Status
New
Announcement Sub Title
Cessation of Executive Director and Acting Chief Executive Officer
Announcement Reference
SG200922OTHRUO5H
Submitted By (Co./ Ind. Name)
Ng Joo Khin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Director and Acting Chief Executive Officer

Additional Details

Name Of Person
Heng Aik Yong
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
22/09/2020
Detailed Reason (s) for cessation
Mr Heng Aik Yong, who is not re-elected as Executive Director and Acting Chief Executive Officer of the Company at the Annual General Meeting ("AGM") of the Company, shall retire as a Director of the Company with effect from the close of this AGM.
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
01/01/2018
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)
0
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.)
Executive Director and Acting Chief Executive Officer
Role and responsibilities
Executive. Mr Heng is responsible for overseeing the day-to-day operations of the Company and its subsidiary, Garnet 9 Carriers Pte. Ltd.
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)
Garnet 9 Carriers Pte. Ltd.
Present
Nil