Change - Announcement of Cessation::RETIREMENT OF INDEPENDENT AND NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
ASIAPHOS LIMITED
Securities
ASIAPHOS LIMITED - SG2G24997246 - 5WV
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Apr-2024 21:42:40
Status
New
Announcement Sub Title
RETIREMENT OF INDEPENDENT AND NON-EXECUTIVE DIRECTOR
Announcement Reference
SG240412OTHRUCHX
Submitted By (Co./ Ind. Name)
Ngiam May Ling
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Francis Lee Fook Wah as Independent and Non-Executive Director.

This announcement has been reviewed by the Company's Sponsor, Asian Corporate Advisors Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange 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. Liau H.K., at 160 Robinson Road, #21-05 SBF Center, Singapore 068914, Telephone number: 6221 0271

Additional Details

Name Of Person
Francis Lee Fook Wah ("Mr Lee")
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2024
Detailed Reason (s) for cessation
Mr Lee has served on the Board beyond nine years. In line with the new Exchange's rule on the 9-year limit for independent director to serve on the board of listed companies and to facilitate Board renewal in the Company, Mr Lee has thus decided to retire from the Company. The Company agrees and accepts Mr Lee's retirement on 12 April 2024.

Mr Lee will also retire from his role as Chairman of the Audit Committee and Member of the Nominating and Remuneration Committees.

After having interviewed Mr Lee and to the best of its knowledge, the Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the retirement of Mr Lee 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
22/08/2013
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.)
i. Independent and Non-Executive Director
ii. Chairman of Audit Committee
iii. Member of Nominating and Remuneration Committees
Role and responsibilities
Carry out the responsibilities of an Independent Director, Chairman of the Audit Committee and Member of the Nominating and Remuneration Committees.
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
Mr Lee holds 200,000 ordinary shares in the share capital of the Company.
Past (for the last 5 years)
i. Freight Links Co., Ltd
ii. Metech International Limited
iii. Net Pacific Financial Holdings Limited
iv. Sheng Siong Group Ltd
v. Blackgold Megatrade Pte Ltd (struck off)
vi. Glory Capital Pte Ltd (struck off)
vii. Vibrant DB2 Pte Ltd
viii. Fervent III Developments Pte Ltd
ix. Wise Alliance Investments Ltd
x. Freight Links M&S (H.K.) Ltd
xi. Lee Thong Hung Trading & Transport Sdn Bhd
xii. Tengda Industrial Property (Suzhou) Co., Ltd
xiii. Fervent Industrial Development (Ningbo) Co., Ltd
xiv. Vibrant Megatrade Pte Ltd
Present
i. Singapore Enterprises Private Limited
ii. Freight Links Express Logisticpark Pte Ltd
iii. Freight Links Express Pte Ltd
iv. Crystal Freight Services Pte Ltd
v. Freight Links Logistics Pte Ltd
vi. Vibrant Group Limited
vii. Freight Links Express Logisticentre Pte Ltd
viii. Hub & Port Services Pte Ltd
ix. Freight Links E-Logistics Technopark Pte Ltd
x. Crystal Freight Services Distripark Pte Ltd
xi. Freight Links Properties Pte Ltd
xii. LTH Logistics (Singapore) Pte Ltd
xiii. Pavillon Holdings Ltd
xiv. Ececil Pte Ltd
xv. Sentosa Capital (Pte) Ltd
xvi. Figtree Holdings Limited
xvii. Celestine Management Private Limited
xviii. Vibrant Properties Pte Ltd
xix. Shentoncil Pte Ltd
xx. Inspirion Digitech Pte Ltd
xxi. Vibrant Pucheng Pte Ltd
xxii. Vibrant Pucheng Investment Pte Ltd
xxiii. Vibrant Land Pte Ltd
xxiv. Fervent IV Development Pte Ltd
xxv. Fervent V Development Pte Ltd
xxvi. FM Global Logistics Holdings Berhad
xxvii. Joyas International Holdings Ltd
xxviii. Sinolink Financial Leasing Co., Ltd
xxix. Sinolink Finance International Limited
xxx. Fervent Industrial Development (Suzhou) Co., Ltd
xxxi. Fervent Logistics Infrastructure (Changzhou) Co., Ltd
xxxii. Saujana Tiasa Sdn Bhd
xxxiii. Vibrant Pucheng Logistics (Chongqing) Co., Ltd
xxxiv. Vibrant Pucheng Property Management (Chongqing) Co., Ltd
xxxv. Vibrant Pucheng Enterprise Management (Chongqing) Co., Ltd
xxxvi. Vibrant International Freight Forwarding (Chongqing) Co., Ltd
xxxvii. Freight Links Express International Co., Ltd
xxxviii. Vibrant Suzhou Energy Technology Co. Ltd