Change - Announcement of Cessation::Resignation of Independent Non-executive Director

Issuer & Securities

Issuer/ Manager
ASL MARINE HOLDINGS LTD.
Securities
ASL MARINE HOLDINGS LTD - SG1N25909283 - A04
ASL MARINE HLDGS W240723 - SGXN46430124 - WG2W
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Aug-2019 18:57:41
Status
New
Announcement Sub Title
Resignation of Independent Non-executive Director
Announcement Reference
SG190813OTHRYFF3
Submitted By (Co./ Ind. Name)
Koh Kai Kheng Irene
Designation
Group Financial Controller
Effective Date and Time of the event
13/08/2019 17:00:00
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Non-executive Director

Additional Details

Name Of Person
Christopher Chong Meng Tak
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
13/08/2019
Detailed Reason (s) for cessation
Mr. Christopher Chong, who has served on the Board and Board committees for more than 13 years, wishes to resign due to potential conflict of interest, health and personal reasons. Mr. Chong has recently acquired AT&S Pte Ltd (previously known as KS Distribution Pte Ltd), a significant supplier to the oil & gas and maritime industries. KS Distribution is a supplier to the Group.

Following the aforesaid cessation, Mr. Chong will relinquish his position as the Lead Independent Director, Chairman of the Audit Committee and member of the Nominating and Remuneration Committees of the Company.

The Board wishes to express its appreciation to Mr. Chong for his dedication and invaluable contributions during his tenure of service.
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
03/01/2006
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director and Chairman of Audit Committee and member of Nominating and
Remuneration Committees
Role and responsibilities
Non-executive Director, Lead Independent Director and Chairman of Audit Committee and member of Nominating
and Remuneration Committees
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?
No
Past (for the last 5 years)
Lorenzo Ltd
Koon Holdings Ltd
Lehat Holdings Pty Ltd
Yingli International Real Estate Ltd
Singapore O&G Ltd
Matrix Management Group Pty Ltd
Emerging Towns & Cities Singapore Ltd
Present
GLG Corp Ltd
Forise International Limited
ACH Investments Pte Ltd
Tian-An Pty Ltd
Paromay Ltd
Jumplus Holdings Ltd
Radiant Merit Investments Ltd
ACH Distribution Pte Ltd
AT&S Pte Ltd
KS Resources Pte Ltd
SSH Corporation Pte Ltd
Indo Synergy Pte Ltd
KS Flow Control Pte Ltd
Globaltech Offshore & Marine Pte Ltd
Aqua-Terra Supply Co. Limited
Aqua-Terra Oilfield Equipment & Services Pte Ltd
Aqua-Terra Logistics Pte Ltd
Oceanic Offshore Engineering Pte Ltd
KS Marihub Pte Ltd
Orient Marine Pte Ltd
Raymonds Supply Company Limited
KS Distribution Malaysia Sdn Bhd
KS Distribution (Vietnam) Company Ltd
KS Distribution (Thailand) Ltd
PT AT Oceanic Offshore
PT KSD Indonesia
KS Distribution (Shanghai) Ltd