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

Issuer & Securities

Issuer/ Manager
ACESIAN PARTNERS LIMITED
Securities
ACESIAN PARTNERS LIMITED - SG1Q66923448 - 5FW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Apr-2024 18:56:03
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director
Announcement Reference
SG240403OTHRBXTJ
Submitted By (Co./ Ind. Name)
Loh Yih
Designation
Managing Director
Effective Date and Time of the event
03/04/2024 18:45:00
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's Sponsor, Asian Corporate Advisors Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange 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 Mr. Liau H.K., at 160 Robinson Road, #21-05 SBF Center, Singapore 068914, Telephone number: 62210271

Additional Details

Name Of Person
Low Ka Choon Kevin
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2024
Detailed Reason (s) for cessation
Mr. Low Ka Choon Kevin is due to retire as Independent Non-Executive Director at the Company's forthcoming Annual General Meeting to be held on 25 April 2024 and is eligible for re-election. He has decided not sought for re-election and to retire from the directorship after completing the 3 Year Term, to pursue other endeavors. The Company agrees and accepts his decision on 3 April 2024.
After having interviewed Mr. Low Ka Choon Kevin and to the best of its knowledge, the Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Low Ka Choon Kevin as Independent Non-Executive Director.
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
07/05/2021
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director
Remuneration Committee Chairman
Audit Committee Member
Nominating Committee Member
Role and responsibilities
Independent Director, Non-Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
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