Change - Announcement of Cessation::RETRENCHMENT OF KEY MANAGEMENT PERSONNEL

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
04-Mar-2022 17:18:03
Status
New
Announcement Sub Title
RETRENCHMENT OF KEY MANAGEMENT PERSONNEL
Announcement Reference
SG220304OTHRYJUS
Submitted By (Co./ Ind. Name)
DATO' MICHAEL LOH SOON GNEE
Designation
CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
The Company have been negatively impacted by the on-going geo-political tensions between China and US and the global pandemic. As a result, the Company, in order to ensure the Group's survival during this difficult period, had commenced a retrenchment exercise of its respective personnel.

Additional Details

Name Of Person
Roslan Bin Affandi
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
30/09/2021
Detailed Reason (s) for cessation
Mr Roslan Bin Affandi ("Mr Roslan") ceased his appointment as the Vice President, Operations of Eoplex Group, Telford Malaysia and Micro View as he is one of the affected personnel in the Company's retrenchment exercise.
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
01/11/2011
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)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Vice President, Operations of Eoplex Group, Telford Malaysia and Micro View
Role and responsibilities
Mr Roslan was responsible for the Engineering and Manufacturing operations in EoPlex as well as the operation of Telford Malaysia and Micro View.
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
Other Directorships
Past (for the last 5 years)
None
Present
Instern Pte Ltd