Change - Announcement of Cessation::Announcement of Cessation

Issuer & Securities

Issuer/ Manager
ALPHA DX GROUP LIMITED
Securities
ALPHA DX GROUP LTD - SGXE43564132 - VVL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Feb-2023 22:11:53
Status
New
Announcement Sub Title
Announcement of Cessation
Announcement Reference
SG230224OTHR2Z6F
Submitted By (Co./ Ind. Name)
Tan Wei Cheong
Designation
Interim Judicial Manager
Description (Please provide a detailed description of the event in the box below)
Please refer to the additional details below.

Additional Details

Name Of Person
Samuel Tan Choon Hwee
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
27/12/2022
Detailed Reason (s) for cessation
Mr Samuel Tan Choon Hwee resigned due to his disagreement with the direction which the former management and board of Alpha DX Group Limited is taking to ensure the survival and long-term business of Zionext Pte. Ltd, despite him making the efforts to explore ways to retain the customers and projects and to mitigate the continual resignation of the staff.
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?
Yes
If Yes, Please provide full details
Save as disclosed in this announcement, other matter in relation to the cessation or relevant information that needs to be brought to the attention of the shareholders (if any) will be announced after the Sponsor has completed the exit interview with Mr Samuel Tan Choon Hwee.
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Yes
If Yes, Please provide full details
Ceased to be the director of the following companies on:
(a) Zionext Pte. Ltd. - 1 October 2022
(b) Zionext (Malaysia) Snd Bhd - 18 October 2022
(c) Zionext Technologies (India) Pvt Ltd - 12 January 2023
(d) MQ Spectrum Pte. Ltd. - 1 October 2022
(e) JK E&P Group Pte. Ltd. - 27 October 2022
(f) Conquest Energy Pte. Ltd. - 27 October 2022
(g) Asnaro Enterprise Pte. Ltd. - 27 October 2022

Ceased to be the Chief Executive Officer of:
(a) Zionext Pte. Ltd.
(b) Zionext (Malaysia) Snd Bhd
(c) Zionext Technologies (India) Pvt Ltd
(d) MQ Spectrum Pte. Ltd.
with effect from 1 November 2022.

Ceased to be the employee of Zionext Pte. Ltd. with effect from 27 December 2022.

The cessation of Mr Samuel Tan Choon Hwee was only made known to the Interim Judicial Managers after the Company was placed under interim judicial management.

Sponsor was only informed of Mr. Samuel Tan Choon Hwee's resignation on 20 February 2023.
Any other relevant information to be provided to shareholders of the listed issuer?
Yes
If Yes, Please provide full details
Relevant information that needs to be brought to the attention of the shareholders (if any) will be announced after the Sponsor has completed the exit interview with Mr Samuel Tan Choon Hwee.
Date of Appointment to current position
22/01/2021
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
7
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Please refer to the attachment
Role and responsibilities
Mr Samuel Tan Choon Hwee was overall managing and overseeing the operations of Zionext Pte. Ltd., MQ Spectrum Pte. Ltd., Zionext (Malaysia) Snd Bhd, Zionext Technologies (India) Pvt Ltd of which he was director and chief executive officer.

He was the director for JK E&P Group Pte. Ltd., Conquest Energy Pte. Ltd., Asnaro Enterprise Pte. Ltd. but did not oversee the operations.
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 Samuel Tan Choon Hwee has interest in 40,000 shares of Alpha DX Group Ltd.
Past (for the last 5 years)
(a) Zionext Pte. Ltd.
(b) Zionext (Malaysia) Snd Bhd
(c) Zionext Technologies (India) Pvt Ltd
(d) MQ Spectrum Pte. Ltd.
(e) JK E&P Group Pte. Ltd.
(f) Conquest Energy Pte. Ltd.
(g) Asnaro Enterprise Pte. Ltd.
Present
Newdiscoveri Pte. Ltd.

Attachments

Job Title.pdf
Total size =8K