Change - Announcement of Cessation::Resignation of Non-Independent Non-Executive Director
Issuer & Securities
ALPHA DX GROUP LIMITED
ALPHA DX GROUP LTD - SGXE43564132 - VVL
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Non-Independent Non-Executive Director
Submitted By (Co./ Ind. Name)
Tan Wee Sin
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr. Tan Ser Ko as a Non-Independent Non-Executive Director.
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, email@example.com.
Name Of Person
Tan Ser Ko
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
The Group has changed its business to education services and technology which he does not have much in-depth experience. Having served the Board for the past seven years, this serves a good opportunity for Board renewal.
The Board has agreed to accept Mr. Tan Ser Ko's resignation as a Non-Independent Non-Executive Director of the Company with effect from 8 June 2021. There is no notice period required to be served by him.
Following Mr. Tan Ser Ko's resignation, he will also relinquish his position as a member of the Remuneration Committee and Nominating Committee of the Company.
After having interviewed Mr. Tan Ser Ko 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 Mr. Tan Ser Ko as Non-Independent Non-Executive 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.)
Non-Independent Non-Executive Director, a member of the Remuneration Committee and Nominating Committee.
Role and responsibilities
Responsibilities as Non-Independent Non-Executive Director, a member of the Remuneration Committee and Nominating Committee.
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?
480,000 share options in the Company
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