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

Issuer & Securities

Issuer/ Manager
ALPHA DX GROUP LIMITED
Securities
ALPHA DX GROUP LTD - SGXE43564132 - VVL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Mar-2022 22:16:07
Status
New
Announcement Sub Title
Resignation of Independent Non-Executive Director
Announcement Reference
SG220309OTHR2AW4
Submitted By (Co./ Ind. Name)
Tan Wee Sin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Ms. Chew Yean Nee as an Independent Director of the Company.

This Announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance 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 document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms Ng Shi Qing, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Chew Yean Nee
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
08/03/2022
Detailed Reason (s) for cessation
Given the recent increase in her other professional responsibilities, Ms Chew has tendered her resignation on 25 February 2022 but the effective date of cessation was on 8 March 2022 after the issuance of a valid Singapore employment pass to the Company's CEO (being current director of the Company) to act as a local resident Director pursuant to the requirements under the Companies Act.

Following Ms. Chew Yean Nee's resignation, she will also relinquish her position as a member of the Nominating Committee of the Company.

After having interviewed with Ms. Chew Yean Nee and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the resignation of Ms. Chew Yean Nee 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?
Yes
If Yes, Please provide full details
Differences with the management on the administration, short lead time given when asking for approvals and the timeliness of certain disclosure and announcement of matters to shareholders. This unfortunately does not allow me to perform my role effectively as an Independent Director, moving forward.
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Yes
If Yes, Please provide full details
The resignation of 2 directors consecutively on 25 February 2022 is a cause for concern, it is hoped that these positions can be replaced soon.
Any other relevant information to be provided to shareholders of the listed issuer?
Yes
If Yes, Please provide full details
The reasons for the resignation of the former Audit Committee Chairperson should be noted.
Date of Appointment to current position
03/05/2021
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)
0
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 and a member of the Nominating Committee.
Role and responsibilities
Independent Director of the Company.
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)
Hasbro Singapore Pte Ltd
Hasbro Toy (Malaysia) Sdn Bhd
Palmyre Holdings Pte Ltd
Present
PEOTIES Pte. Ltd.