Change - Announcement of Cessation::Resignation of Non-Independent and Non-Executive Board Member

Issuer & Securities

Issuer/ Manager
AUSGROUP LIMITED
Securities
AUSGROUP LIMITED - SG1R38924838 - 5GJ
AUSGROUP S$110M 5% N221203 - SG6TF6000008 - 18WB
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
06-Sep-2022 17:58:26
Status
New
Announcement Sub Title
Resignation of Non-Independent and Non-Executive Board Member
Announcement Reference
SG220906OTHR2VAE
Submitted By (Co./ Ind. Name)
Christian Johnstone
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr. Wang Yu Huei as a Non-Independent and Non-Executive Board Member.

Additional Details

Name Of Person
Wang Yu Huei
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
06/09/2022
Detailed Reason (s) for cessation
Mr. Wang Yu Huei has advised that he is not seeking re-election at the upcoming Annual General Meeting and has resigned to focus on his other principal commitments.

The Board would like to acknowledge his tremendous contribution during his tenure as director and thank him for the invaluable advice and service rendered to AusGroup.
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
11/01/2019
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent and Non-Executive Director
Role and responsibilities
As a Non-Independent and Non-Executive Director of the Company
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?
Yes
Shareholding Details
Deemed Interest through Asdew Acquisitions Pte Ltd - 522,076,974 ordinary shares in the Company
Other Directorships
Past (for the last 5 years)
AOC Acquisitions Pte Ltd
Present
Asdew Acquisitions Pte Ltd.
Value Partner Agents Limited
Asian Dragon Acquisitions Limited
Eyoto Group Limited (previously known as Aston Eyetech Limited)