Change - Announcement of Cessation::Resignation of Independent Director - Lee Chong Yang

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
04-Oct-2019 17:21:28
Status
New
Announcement Sub Title
Resignation of Independent Director - Lee Chong Yang
Announcement Reference
SG191004OTHRSTGE
Submitted By (Co./ Ind. Name)
Tan Poh Guan
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor Stamford Corporate Services Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "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 Mr Bernard Lui, Telephone: +65 63893000, Email: bernard.lui@morganlewis.com.

Additional Details

Name Of Person
Lee Chong Yang
Age
40
Is effective date of cessation known?
Yes
If yes, please provide the date
06/10/2019
Detailed Reason (s) for cessation
To focus on the expansion of his personal business, which necessitates frequent travel.

Based on its enquiries, Stamford Corporate Services Pte. Ltd. (the "Sponsor") is satisfied that, other than disclosed in this announcement, there is no other material reason for the cessation of Mr Lee Chong Yang as the Lead Independent Director and Chairman of the Remuneration Committee.
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
23/02/2018
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman of the Remuneration Committee and Lead Independent Director
Role and responsibilities
As above.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
- 42,697,753 shares (2.40%; direct interest)
- 1,000,000 shares (deemed interest in shares held by wife)
Past (for the last 5 years)
(1) Tardis Capital (Singapore) Pte Ltd
(2) Eight Devonshire Management Pte Ltd
Present
(1) MoovPay Partners Pte Ltd
(2) Sincap Group Limited
(3) 88 Lucky Ventures Pte Ltd
(4) MacroCap Asia Capital Pte Ltd
(5) Partners Alliance Capital Pte Ltd
(6) QLD Investment Pte Ltd
(7) QLW Investment Pte Ltd
(8) Mondial Developments Pte Ltd
(9) Vantage Choice Pte Ltd
(10) Vantage Choice Ltd