Change - Announcement of Cessation::Cessation as Group Administrative Officer

Issuer & Securities

Issuer/ Manager
ASTI HOLDINGS LIMITED
Securities
ASTI HOLDINGS LIMITED - SG1G77872271 - 575
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Oct-2021 21:17:17
Status
New
Announcement Sub Title
Cessation as Group Administrative Officer
Announcement Reference
SG211014OTHRTPW6
Submitted By (Co./ Ind. Name)
DATO' MICHAEL LOH SOON GNEE
Designation
EXECUTIVE CHAIRMAN & CEO
Description (Please provide a detailed description of the event in the box below)
Cessation as Group Administrative Officer.

Additional Details

Name Of Person
LIM BOON LIAT TIMOTHY
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
28/02/2022
Detailed Reason (s) for cessation
Mr Lim Boon Liat Timothy ("Mr Timothy Lim") will cease his appointment as the Group Administrative Officer as he is one of the affected personnel in the Company's retrenchment exercise, the effective date of which will be either 28 February 2022 or such date the Chairman/CEO determines. Mr Timothy Lim's cessation of appointment is only in relation to his appointment as the Group Administrative Officer and he will, however, continue to remain as a 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?
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
17/07/2013
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)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Group Administrative Officer
Role and responsibilities
Responsible for the human resource, MIS and administrative function for the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
99,000 ordinary shares held in name of spouse
Past (for the last 5 years)
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Microfits Pte Ltd
Eocell, Inc.
Flex-In Electronics Macao Commercial
Offshore Limited
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Pte Ltd
Present
Telford Industries Pte Ltd
VisionXtreme Pte Ltd
ASTI USA Inc.
EoPlex Inc.
Dragon Group International Limited
Spire Technologies Pte Ltd
Asia Phoenix Angels Pte Ltd
Dragon D'illum Technologies Pte Ltd
Logicom Holdings Inc.
SCM Solutions Pte Ltd
Sooner Technology Pte Ltd
ASTI Holdings Limited