Change - Announcement of Cessation::RESIGNATION OF INDEPENDENT DIRECTOR

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
30-Apr-2018 22:20:03
Status
New
Announcement Sub Title
RESIGNATION OF INDEPENDENT DIRECTOR
Announcement Reference
SG180430OTHR24I3
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)
The Board of Directors of the Company wishes to announce the resignation of Dr. Kenneth Yu Keung Yum as an Independent Director of the Company with effect from 1 May 2018.

Additional Details

Name Of Person
DR KENNETH YU KEUNG YUM
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date
01/05/2018
Detailed Reason (s) for cessation
Dr. Kenneth Yu has decided to resign to focus on his other projects that will be taking up a substantial amount of his time.
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
20/10/2016
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)
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.)
Independent Director
Remuneration Committee Chairman
Audit and Nominating Committees Member
Role and responsibilities
Independent Director
Remuneration Committee Chairman
Audit and Nominating Committees Member
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?
No
Past (for the last 5 years)
Axesstel Inc.
Present
Sky1 Technology Limited
World Bright Enterprise Limited
Advanced Systems Automation Ltd
Dragon Group International Limited
Sky Master Corporation Ltd
Borischolle Ltd