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

Issuer & Securities

Issuer/ Manager
ASPIAL LIFESTYLE LIMITED
Securities
ASPIAL LIFESTYLE LIMITED - SG2E90982678 - 5UF
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-May-2023 00:30:43
Status
New
Announcement Sub Title
Cessation of Non-Executive Director
Announcement Reference
SG230505OTHROSXB
Submitted By (Co./ Ind. Name)
LIM SWEE ANN
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Aspial Lifestyle Limited (the "Company") would like to announce the cessation of Ms Koh Lee Hwee as a Non-Executive Director, as part of the Board renewal process .

The Board expresses its appreciation to Ms Koh Lee Hwee for her dedication and invaluable contribution during her tenure of service.

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited ("Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST 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 David Yeong (Tel: 6232 3210) at 1 Robinson Road #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Koh Lee Hwee
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
05/05/2023
Detailed Reason (s) for cessation
Ms Koh Lee Hwee has served as a Non-Executive Director of the Company for 15 years and has decided to step-down as a Non-Executive Director of the Company, as part of the Board renewal process.
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
10/04/2008
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director and a member of the Nominating Committee.
Role and responsibilities
Non-Executive Director and a member of the Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Koh Wee Seng, Ms Koh Lee Hwee and Ms Ko Lee Meng are siblings.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
The Company
Direct Interest
28,196,664 ordinary shares

Indirect Interest
982,690,192 ordinary shares
Past (for the last 5 years)
Koda's Cafe Pte. Ltd.
Aspial Property Investment Pte. Ltd.
Belgium-Singapore Diamond Corporation Pte. Ltd.
Gold N Gems Pte. Ltd.
L & N Jewellery Pte. Ltd.
World Class Investments Pte. Ltd.
World Class Property (Central) Pte. Ltd.
World Class Property (Dunearn) Pte. Ltd.
World Class Property (East Coast) Pte. Ltd.
World Class Property (North) Pte. Ltd.
World Class Property (Telok Kurau) Pte. Ltd.
Present
ACL International Services Sdn. Bhd.
Advance Property Pte. Ltd.
AL Capital (Ubi) Pte. Ltd (formerly known as Aspial Capital (Ubi) Pte. Ltd.)
AL Treasury Pte Ltd.
Aspial Capital Investment Pte. Ltd.
Aspial Corporate Services Pte. Ltd.
Aspial Corporation Limited
Aspial International Pte. Ltd
Aspial Investment Holding Pte. Ltd.
Aspial Treasury Pte. Ltd.
Lee Hwa Jewellery Pte. Ltd. (formerly known as Aspial-Lee Hwa Jewellery Pte. Ltd.)
Aspial Lifestyle Jewellery Group Pte. Ltd. (formerly known as Aspial-Lee Hwa Jewellery Singapore Pte. Ltd.)
Bienven (M) Sdn. Bhd.
BU2 Services Pte. Ltd.
DN Global Pte. Ltd.
Dijaz Investment Pte. Ltd.
DN Holdings Pte. Ltd.
DN Property Investments Pte. Ltd.
Dynamic Ideas Pty. Ltd.
Dynamic Project Management Services Pte. Ltd.
Gold Purple Pte. Ltd.
Goldheart Jewelry Pte. Ltd.
Headway Construction Pte. Ltd.
LuxeSTYLE (Australia) Pty. Ltd.
LuxeSTYLE (Malaysia) Sdn. Bhd.
Maxi-Cash Financial Pte. Ltd. (formerly known as Maxi Financial Pte. Ltd.)
Maxi-Cash (Australia) Pty. Ltd.
Maxi-Cash (Central 2) Pte. Ltd.
Maxi-Cash (Central) Pte. Ltd.
Maxi-Cash (Clementi) Pte. Ltd.
Maxi-Cash (East 2) Pte. Ltd.
Maxi-Cash (East) Pte. Ltd.
Maxi-Cash (HKI) Co. Ltd.
Maxi-Cash (Hong Kong) Co. Ltd.
Maxi-Cash (North East 2) Pte. Ltd.
Maxi-Cash (North East) Pte. Ltd.
Maxi-Cash (North) Pte. Ltd.
Maxi-Cash (West) Pte. Ltd.
Maxi-Cash Assets Pte. Ltd.
Maxi-Cash Capital Management Pte. Ltd.
Maxi-Cash Capital Pte. Ltd.
Maxi Cash (George Town) Sdn. Bhd.
Maxi-Cash Group Pte. Ltd.
Maxi-Cash International Pte. Ltd.
Maxi-Cash Investment Holding Pte. Ltd.
Maxi-Cash Jewellery Group Pte. Ltd.
Maxi-Cash Leasing Pte. Ltd.
Maxi Cash (Malaysia) Sdn. Bhd.
Maxi-Cash Melbourne (VIC) Pty. Ltd.
Maxi Cash (Penang) Sdn. Bhd.
Maxi-Cash Property Pte. Ltd.
Maxi-Cash Retail Pte. Ltd.
Maxi-Cash Retail (HKI) Co. Ltd.
Maxi Cash (Southern) Sdn. Bhd.
Maxi Cash (S1) Sdn. Bhd.
Maxi Cash (S2) Sdn. Bhd.
Maxi Cash (S3) Sdn. Bhd.
Maxi Cash (KL1) Sdn. Bhd.
Maxi Cash (KL2) Sdn. Bhd.
Maxi-Cash Ventures Pte. Ltd.
MLHS Holdings Pte. Ltd.
Niessing Group Pte. Ltd.
Penang Parade Hotels Sdn. Bhd.
PHC Hotels Sdn. Bhd.
Pit-Stop Credit (SG) Pte Ltd
SBD 102 Pty. Ltd.
WCL (Bertam L) Sdn. Bhd.
WCL (Bertam R) Sdn. Bhd.
WCL (CNS) CBD Pty. Ltd.
WCL (Macallum) Sdn. Bhd.
WCL (Magazine) Sdn. Bhd.
WCL (Noordin St) Sdn. Bhd.
WCL (QLD) Albert St Pty. Ltd.
WCL (QLD) Holdings Pty. Ltd.
WCL (QLD) Margaret St Pty. Ltd.
WCL-A Beckett (VIC) Pty. Ltd.
WCL-Cairns (QLD) Pty. Ltd.
WCL-Central Park (QLD) Pty. Ltd.
WCL-Southbank (VIC) Pty. Ltd.
World Class Developments (Central) Pte. Ltd.
World Class Developments (City
Central) Pte. Ltd.
World Class Developments (North) Pte. Ltd.
World Class Developments Pte. Ltd.
World Class Global Pte. Ltd.
World Class Land Pte. Ltd.
World Class Land (Australia) Pty. Ltd.
World Class Land (Georgetown) Sdn. Bhd.
World Class Land (Georgetown) Holdings Sdn. Bhd.
World Class Land (Malaysia) Sdn. Bhd.
World Class Land (Penang) Sdn. Bhd.
World Class Property Pte. Ltd.