Change - Announcement of Cessation::Announcement of Cessation
Issuer & Securities
ALPHA DX GROUP LIMITED
ALPHA DX GROUP LTD - SGXE43564132 - VVL
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Announcement of Cessation
Submitted By (Co./ Ind. Name)
Tan Wei Cheong
Interim Judicial Manager
Description (Please provide a detailed description of the event in the box below)
Please refer to the additional details below.
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Yoshiyasu Naruse was appointed as Chairman of the Board and Non-Independent Non-Executive Director by DiDi Investments Inc, a substantial shareholder of the Company. As DiDi Investments Inc has intended for the Company to be managed by Mr Koji Furuya and Mr Masato Saiki, Mr Yoshiyasu Naruse has tendered his resignation as Chairman of the Board and Non-Independent Non-Executive Director.
After having interview Mr Yoshiyasu Naruse and to the best of its knowledge, the Sponsor is satisfied that there are no other material reasons for the cessation of Mr Yoshiyasu Naruse as Chairman of the Board and Non-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?
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?
If Yes, Please provide full details
The Interim Judicial Managers have no objection with regard to cessation of Mr Yoshiyasu Naruse as Chairman of the Board and Non-Independent Non-Executive Director and do not foresee such cessation will have complications concerning the ongoing interim judicial management of the Company.
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.)
Chairman of the Board, Non-Independent Non-Executive Director, Nominating Committee Member, Remuneration Committee Member
Role and responsibilities
Mr Yoshiyasu Naruse is responsible for the Group s overall management, including overseeing the Group's operations, setting directions for new growth areas and developing business strategies. In addition, he is responsible for the effective function of the Board as set out below.
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?
Past (for the last 5 years)
2016 to present
Senior Vice President / Executive Director / Secretary General / Treasurer of C2C Global Education Japan (formerly known as Yamanashi Gakuin School Corporation)
2019 to 2023
Executive Director and Chief Executive Officer of DiDi Investments, Inc.
2020 to 2021
Director of DiDi Academy, Inc.
2019 to 2020
Director of ERC Institute Pte Ltd