Change - Announcement of Cessation::CESSATION OF CHIEF OPERATING OFFICER OF ASPEN GLOVE SDN BHD

Issuer & Securities

Issuer/ Manager
ASPEN (GROUP) HOLDINGS LIMITED
Securities
ASPEN (GROUP) HOLDINGS LIMITED - SG1DI2000001 - 1F3
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-May-2023 20:29:09
Status
New
Announcement Sub Title
CESSATION OF CHIEF OPERATING OFFICER OF ASPEN GLOVE SDN BHD
Announcement Reference
SG230531OTHRNU30
Submitted By (Co./ Ind. Name)
DATO' MURLY MANOKHARAN
Designation
PRESIDENT AND GROUP CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
Cessation of Dr. Prabakaran A/L Manokharan as Chief Operating Officer of Aspen Glove Sdn Bhd

Additional Details

Name Of Person
Dr. Prabakaran A/L Manokharan
Age
34
Is effective date of cessation known?
Yes
If yes, please provide the date
31/05/2023
Detailed Reason (s) for cessation
Dr. Prabakaran A/L Manokharan ("Dr. Prabakaran") has tendered his resignation to pursue other interests.

Aspen Glove Sdn Bhd ("AGSB") has accepted Dr. Prabakaran's resignation as Chief Operating Officer of AGSB and his effective last date of service shall be 31 May 2023.

The Company expresses its gratitude to Dr. Prabakaran for his valuable contributions during his tenure of service and wishes him success in his future endeavours.
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
10/09/2021
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Operating Officer of Aspen Glove Sdn Bhd
Role and responsibilities
Dr. Prabakaran's responsibilities include:

a) to oversee and review the manufacturing operations, and the compliance with safety regulations and standard operating procedures;

b) to oversee talent acquisition, and training and development;

c) to oversee financial performance, budget and expenses; and

d) to oversee all other policies required by the quality management system and day-to-day operational matters.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Dr. Prabakaran is the brother of Dato' Murly Manokharan (Executive Director, President, Group Chief Executive Officer and substantial shareholder of the Company).
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
None
Present
None