Change - Announcement of Cessation::Cessation of Director

Issuer & Securities

Issuer/ Manager
ASPEN (GROUP) HOLDINGS LIMITED
Securities
ASPEN (GROUP) HOLDINGS LIMITED - SG1DI2000001 - 1F3
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Mar-2025 18:05:30
Status
New
Announcement Sub Title
Cessation of Director
Announcement Reference
SG250325OTHR1JHN
Submitted By (Co./ Ind. Name)
DATO' MURLY MANOKHARAN
Designation
PRESIDENT AND GROUP CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
Cessation of Dr. Lim Su Kiat as Non-Independent Non-Executive Director

Additional Details

Name Of Person
Lim Su Kiat
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
16/04/2025
Detailed Reason (s) for cessation
Dr. Lim Su Kiat ("Dr. Lim") has notified the Board that he will resign as a Director of the Company with effect from 16 April 2025, due to increased commitments in his other professional endeavours.

Upon his resignation, Dr. Lim will cease to be Non-Independent Non-Executive Director and member of the Audit Committee and Remuneration Committee.

The Board would like to record its gratitude and appreciation to Dr. Lim for his invaluable contributions to Aspen over the years and wishes Dr. Lim well in his future endeavours.
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
22/12/2016
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
- Non-Independent Non-Executive Director
- Member of Audit Committee
- Member of Remuneration Committee
Role and responsibilities
Fulfill the responsibilities of Non-Independent Non-Executive Director, and member of 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
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct Interest - 33,152 ordinary shares
Other Directorships
Past (for the last 5 years)
1) Kanada-Ya SG Pte. Ltd.
2) Kanada-Ya Restaurants Pte. Ltd.
3) Rockworth Capital Partners Pte. Ltd.
4) Aspen Vision All Sdn. Bhd.
5) Aspen Vision City Sdn. Bhd.
6) Firmus Cap (TPI) Pte. Ltd.
Present
1) Aspen Vision Group Sdn. Bhd.
2) Laville Pte. Ltd.
3) M&S Global Ventures Sdn. Bhd.
4) Firmus Capital Pte. Ltd.
5) Firmus Investment Management Pty. Ltd.
6) Firmus Creek Pty. Ltd.
7) Firmus Property Pty. Ltd.
8) Firmus Opportunity Fund VCC
9) Firmus Cap (BBCR) Pte. Ltd. 10) Vogue Victus Pty. Ltd.
11) Firmus Communities Fund 1 VCC