Change - Announcement of Cessation::Cessation of Independent and Non-Executive Director - Mr Chow Wai San

Issuer & Securities

Issuer/ Manager
ASTI HOLDINGS LIMITED
Securities
ASTI HOLDINGS LIMITED - SG1G77872271 - 575
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Sep-2024 10:32:42
Status
New
Announcement Sub Title
Cessation of Independent and Non-Executive Director - Mr Chow Wai San
Announcement Reference
SG240914OTHR8B4W
Submitted By (Co./ Ind. Name)
Ng Yew Nam
Designation
Executive Director & CEO
Description (Please provide a detailed description of the event in the box below)
The board of directors of ASTI Holdings Limited wishes to announce the cessation of Mr Chow Wai San as an Independent and Non-Executive Director of the Company with effect from 30 September 2024.

Additional Details

Name Of Person
Chow Wai San
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
30/09/2024
Detailed Reason (s) for cessation
Mr Chow Wai San is due to retire at the Company's forthcoming Annual General Meeting on 30 September 2024 and he is eligible for re-election. As requested by certain substantial shareholders of the Company, Mr Chow Wai San will not be seeking re-election at the forthcoming Annual General Meeting.

The Board noted his decision and thanks Mr Chow for his contributions to 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
16/01/2024
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
8
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent and Non-Executive Director, Chairman of the Board, Chairman of Audit Committee, Member of Remuneration Committee and Nominating Committee.
Role and responsibilities
Independent and Non-Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
1. AP Lariang Pte. Ltd.
2. Baxelta Pte. Ltd.
3. Berlanga Myanmar Pte. Ltd. (In liquidation)
4. Cascadia Partners Pte. Ltd.
5. Charta Global Inc
6. Cloverland Pte. Ltd.
7. Elpan Pte. Ltd.
8. Great Asia Global Investment Pte. Ltd.
9. Jade Lotus Development Pte. Ltd.*
10. K Group Holdings Limited
11. Krollberg Partners Inc
12. Kwok Shing Investments Limited
13. Lambec Limited
14. Lemarc Agromond Pte. Ltd. (In liquidation)
15. Lemarc Agromound Limited (in liquidation)
16. LMOC Services (L) Berhad
17. Prime Star Transportation Services Pte. Ltd.
18. Resources Prima Group Limited (in liquidation)
19. Saturitas Investment Ltd
20. Silver Vantage Trading Limited
21. Southampton Holdings Pte. Ltd.
22. TPB Advisory Pte. Ltd.
Present
1. Alson & John Corporate Services Pte. Ltd.*
2. Aquifer Consulting Pte. Ltd.
3. Avenue Consultants (SG) Pte. Ltd.*
4. Avenue Family Office (SG) Pte. Ltd.
5. Kalimantan Rail Pte. Ltd.
6. Nippecraft Limited
7. The Hour Glass Limited
8. Universal Resource & Services Limited

* Pending completion of the process for striking-off.