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

Issuer & Securities

Issuer/ Manager
ALPHA ENERGY HOLDINGS LIMITED
Securities
ALPHA ENERGY HOLDINGS LIMITED - SG2D85975506 - 5TS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Apr-2019 18:00:08
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director
Announcement Reference
SG190426OTHRQFH4
Submitted By (Co./ Ind. Name)
Victor Lai
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Lee Sek Leong Christopher as Independent Non-Executive Director.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Gillian Goh, Director, Head of Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, email: sponsorship@ppcf.com.sg).

Additional Details

Name Of Person
Lee Sek Leong Christopher
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2019
Detailed Reason (s) for cessation
Mr Lee Sek Leong Christopher had retired pursuant to Article 104 of the Company's Constitution following the conclusion of the Company's Annual General Meeting held on 26 April 2019 to allow for renewal of the Board of Directors of the Company (the "Board") as Mr Lee has served on the Board for eight years from the date of his first appointment and decided to devote more time and attention to his other personal commitments.

Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that other than disclosed in this announcement, there are no other material reasons for the cessation of Mr Lee Sek Leong Christopher as the Independent Non-Executive 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
04/08/2011
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)
1
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 Non-Executive Director of the Company.
Chairman of Nominating and Remuneration Committees and a member of Audit Committee of the Company.
Role and responsibilities
Responsibilities as Independent Non-Executive Director, Chairman of Nominating and Remuneration Committees and a member of Audit Committee of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
480,000 share options in the Company.
Past (for the last 5 years)
Nil
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