Change - Announcement of Cessation::RESIGNATION OF INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
ASTI HOLDINGS LIMITED
Securities
ASTI HOLDINGS LIMITED - SG1G77872271 - 575
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-Jul-2016 21:46:58
Status
New
Announcement Sub Title
RESIGNATION OF INDEPENDENT DIRECTOR
Announcement Reference
SG160719OTHRBDFW
Submitted By (Co./ Ind. Name)
DATO' MICHAEL LOH SOON GNEE
Designation
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.

Additional Details

Name Of Person
LAI HOCK MENG
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
18/07/2016
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?
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
01/02/2011
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)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
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
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
China Energy Limited
China Essence Group Ltd
China Oilfield Technology Services Group Ltd
Metax Engineering Corp Limited
Success Dragon International Holdings Limited
PureCircle (Shanghai) Co., Ltd
PureCircle (Jiangxi) Co., Ltd
PureCircle China Agriculture Development Co., Ltd
Dexin Steel Pte Ltd
ASTI Holdings Limited
CFM Holdings Limited
HML Consulting Group Pte Ltd
FA Systems Automation(s) Pte Ltd
CY Foundation Group Limited
Expert Global Management Limited
Kingbox (Asia) Limited
CY Management Limited
Ace Advantage Developments Limited
Ace Plus Limited
Ace Precise International Limited
Lucky Zone Holdings Limited
Perfect Ace Global Limited
Science Power Limited
Silkway Holdings Limited
Number One Ventures Limited
Villaway Limited
Expert Dragon Limited
Present
Delong Holdings Ltd
PureCircle Ltd
Champ Buyout III Pte Ltd
Char Yong (Dabu) Foundation Limited
EC World Asset Management Pte Ltd
Fullwealth Investment Pte Ltd
Magnasset Investment Pte Ltd
Prorich Investment Pte ltd
Richport Investments Pte Ltd
Richwin Investment Pte Ltd

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