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

Issuer & Securities

Issuer/ Manager
ASL MARINE HOLDINGS LTD.
Securities
ASL MARINE HLDGS W240723 - SGXN46430124 - WG2W
ASL MARINE HOLDINGS LTD - SG1N25909283 - A04
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Oct-2021 19:34:13
Status
New
Announcement Sub Title
Resignation of Independent Non-executive Director
Announcement Reference
SG211029OTHRL1YQ
Submitted By (Co./ Ind. Name)
Koh Kai Kheng Irene
Designation
Group Financial Controller
Effective Date and Time of the event
01/11/2021 08:00:00
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Non-executive Director

Additional Details

Name Of Person
Tan Huay Lim
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
01/11/2021
Detailed Reason (s) for cessation
Mr. Tan Huay Lim wishes to resign as he would like to focus on his duties as director of other companies and to spend more time on personal matters.

Following the aforesaid resignation, Mr. Tan will relinquish his position as the Lead Independent Director, Chairman of the Audit Committee and member of the Nominating and Remuneration Committees 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?
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
13/08/2019
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of Audit Committee and member of Nominating and Remuneration Committees
Role and responsibilities
Non-executive Director, Lead Independent Director and Chairman of Audit Committee and member of Nominating and Remuneration Committees
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?
Yes
Shareholding Details
Mr. Tan currently has the following interests (under the name of a nominee) in the Company:
i) S$671,250 Series 007 Notes (comprising 0.5% of the current outstanding principal amount of the Series 006 and Series 007 Notes of S$134.25 million); and
ii) 1,734,375 Warrants (assuming if all current 565,770,713 Warrants are converted into shares, this would represent 0.14% of the enlarged share capital of the Company).
Mr. Tan's interest in the Notes and Warrant was acquired prior to his appointment as director of the Company.
Past (for the last 5 years)
Singapore Hokkien Huay Kuan
Hong Leong Asia Ltd.
Auric Pacific Group Limited
Ren Ci Hospital
Xihe Holdings (Pte) Ltd
Xihe Capital (Pte.) Ltd.
Present
Zheneng Jinjiang Environment Holding Company Limited
Dasin Retail Trust Management Pte. Ltd., the manager of Dasin Retail Trust
Koufu Group Limited
Elite Commercial REIT Management Pte. Ltd., the manager of Elite Commercial REIT
Linklogis Inc.
SF REIT Asset Management Limited, the manager of SF Real Estate Investment Trust
Green Link Digital Bank Pte. Ltd.