Change - Announcement of Cessation::Resignation of Executive Chairman and Director - Mr Hsieh Kuo Chuan @ Jaimes Hsieh

Issuer & Securities

Issuer/ Manager
AA GROUP HOLDINGS LTD.
Securities
AA GROUP HOLDINGS LTD. - SG1S12926576 - 5GZ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Jan-2018 17:56:29
Status
New
Announcement Sub Title
Resignation of Executive Chairman and Director - Mr Hsieh Kuo Chuan @ Jaimes Hsieh
Announcement Reference
SG180131OTHRCL5K
Submitted By (Co./ Ind. Name)
Yau Woon Foong
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Stamford Corporate Services Pte Ltd (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

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

The contact person for the Sponsor is Mr. Bernard Lui, Telephone: +65 63893000, Email: bernard.lui@morganlewis.com.

Additional Details

Name Of Person
Hsieh Kuo Chuan @ Jaimes Hsieh
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
31/01/2018
Detailed Reason (s) for cessation
Decision to relinquish his position as Executive Chairman and Director of the Company following the completion of the disposal of the entire issued and paid-up share capital of Allied Advantage Sdn Bhd
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
20/10/2004
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman
Role and responsibilities
Responsible for setting the direction and growth strategies of the Group and is also actively involved in the development of new business and the marketing activities of the Group.
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?
No
Past (for the last 5 years)
Nil
Present
Nil