Change - Announcement of Cessation::RESIGNATION OF INDEPENDENT DIRECTOR

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
03-Sep-2015 17:25:35
Status
New
Announcement Sub Title
RESIGNATION OF INDEPENDENT DIRECTOR
Announcement Reference
SG150903OTHR91GR
Submitted By (Co./ Ind. Name)
FENG, TZU-JU @ JULIE FENG
Designation
MANAGING DIRECTOR
Description (Please provide a detailed description of the event in the box below)
There are 3 cessations (taking into account this cessation) and 3 new appointments taking place contemporaneously.

This announcement has been prepared by the Company and its contents have been reviewed by the company's Sponsor, Stamford Corporate Services Pte Ltd, for compliance with the relevant rules of the SGX-ST. The Company's Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this document, 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 number: 6389 3000
Email address: bernard.lui@stamfordlaw.com.sg

Additional Details

Name Of Person
Phuah Lian Heng
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
03/09/2015
Detailed Reason (s) for cessation
Mr Phuah Lian Heng's decision to resign as a Director of the Company arises from the recent sale by Mr Hsieh, Kuo Chuan @Jaimes Hsieh and Ms Feng, Tzu-Ju @ Julie Feng of their entire shareholding interests in the Company, the emergence of new controlling and substantial shareholders of the Company and the requisition for executive board directorships by certain of these new shareholders, whose background Mr Phuah Lian Heng is not familiar with and whose plans with regard to the Company have not been made known.
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
04/07/2005
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)
2
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.)
Independent Director, Chairman of the Nominating Committee and member of the Audit Committee and Remuneration Committee.
Role and responsibilities
Independent Director, Chairman of the Nominating Committee and member of the Audit Committee and Remuneration Committee.
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?
No
Past (for the last 5 years)
Nil
Present
Armarda Group Limited