Change - Announcement of Cessation::CESSATION AS VICE PRESIDENT OF FINANCE
Issuer & Securities
ADVANCED SYSTEMS AUTOMATION LIMITED
ADVANCED SYSTEMS AUTOMATION - SG2E65980228 - 5TY
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
CESSATION AS VICE PRESIDENT OF FINANCE
Submitted By (Co./ Ind. Name)
DATO' SRI MOHD SOPIYAN B MOHD RASHID
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited ("Sponsor"),
This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("SGX-ST") 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 Ms Tay Sim Yee (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.
Name Of Person
ANTHONY LOH SIN HOCK
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue other career opportunity.
Mr Anthony Loh Sin Hock has submitted his resignation letter to the Company dated 16 April 2021 and will cease to be the Vice President of Finance with effect from 16 May 2021. Meanwhile, the Company is in the midst of finding a suitable replacement and subsequent to Mr Anthony Loh's resignation, his responsibilities will be handled by the existing finance team during the interim period.
The Sponsor, after having interviewed Mr Anthony Loh, is satisfied that save as disclosed in this announcement, there are no material reasons for the cessation of Mr Anthony Loh as the Vice President of Finance 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
VICE PRESIDENT OF FINANCE
Role and responsibilities
Responsible for financial reporting, compliance to listings requirement and overall management of the finance function.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
UNIVERSAL MUSIC PTE LTD
UNIVERSAL MUSIC (S) PTE LTD
UNIVERSAL MUSIC PUBLISHING PTE LTD
UNIVERSAL MUSIC PUBLISHING MGB
SINGAPORE PTE LTD
ALL THE WORLDS SINGAPORE PTE
EMI (SINGAPORE) PTE. LIMITED.
EMI GROUP HOLDINGS SINGAPORE PTE
ASTI HK LIMITED
DRAGON RISES LIMITED
REEL SERVICE LIMITED (SCOTLAND)
TELFORD HOLDINGS HK LIMITED
TELFORD INDUSTRIES PTE LTD
TQS MANUFACTURING SDN BHD
VISIONXTREME PTE LTD
ASTI USA INC.
MICROVIEW TECHNOLOGIES SDN BHD
EMERALD PRECISION ENGINEERING SDN BHD
PIONEER VENTURE PTE LTD
YUMEI REIT SDN BHD
YUMEI TECHNOLOGIES SDN BHD
Mr Anthony Loh's resignations from the subsidiaries under ASTI Group of Companies above will be effected and completed within the next 2-3 months.