Change - Announcement of Cessation::RESIGNATION OF INDEPENDENT DIRECTOR
Issuer & Securities
ASTI HOLDINGS LIMITED
ASTI HOLDINGS LIMITED - SG1G77872271 - 575
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
RESIGNATION OF INDEPENDENT DIRECTOR
Submitted By (Co./ Ind. Name)
DATO' MICHAEL LOH SOON GNEE
EXECUTIVE CHAIRMAN & CEO
Description (Please provide a detailed description of the event in the box below)
The board of directors of ASTI Holdings Limited wishes to announce the resignation of its independent director, Mr Lai Hock Meng on 18 July 2016.
Name Of Person
LAI HOCK MENG
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Lai is of the opinion that his increasing work commitments outside of the Company will limit the time and effort that he will have to fulfil his role as an Independent Director of the Company
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Remuneration Committee Chairman and Member of the Audit and Nominating Committee.
Role and responsibilities
Mr. Lai is an Independent and Non-Executive Director of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
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ASTI_Resignation of Director_Peter Lai.pdf
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