Change - Announcement of Cessation::Cessation of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
ALPHA DX GROUP LIMITED
Securities
ALPHA DX GROUP LTD - SGXE43564132 - VVL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Feb-2022 20:31:51
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director
Announcement Reference
SG220228OTHRBKIT
Submitted By (Co./ Ind. Name)
Tan Wee Sin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr. Ng Chee Weng @Max Ng Chee Weng as an Independent Director of the Company.

Additional Details

Name Of Person
Ng Chee Weng @Max Ng Chee Weng
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
25/02/2022
Detailed Reason (s) for cessation
The Board has agreed to accept Mr. Ng Chee Weng @Max Ng Chee Weng's resignation as Independent Non-Executive Director of the Company with effect from 25 February 2022. There is no notice period required to be served by him.

Given the recent increase in his other professional responsibilities, Mr Ng has tendered his resignation, with immediate effect.

Following Mr. Ng Chee Weng @Max Ng Chee Weng's resignation, he will also relinquish his position as the Chairman of Remuneration Committee and a member of the Audit Committee and Nominating Committee of the Company.

After having interviewed Mr. Ng Chee Weng @Max Ng Chee Weng and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the resignation of Mr. Ng Chee Weng @Max Ng Chee Weng as an Independent Director of the Company.
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?
Yes
If Yes, Please provide full details
Differences with management on the administration and the timeliness of certain disclosure and announcement of matters to shareholders. (Refer to the Announcement dated 25th February 2022 on the SGXnet).
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Yes
If Yes, Please provide full details
The resignation of 2 directors consecutively is a cause for concern, it is hoped that these positions can be replaced soon.
Any other relevant information to be provided to shareholders of the listed issuer?
Yes
If Yes, Please provide full details
The reasons for the resignation of the Audit Committee Chairperson should be noted.
Date of Appointment to current position
25/07/2019
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of Remuneration Committee and a member of the Audit Committee and Nominating Committee.
Role and responsibilities
Independent Director of the Company
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)
AquaAgro Projects Pte. Ltd.
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Almond Innovations Pte. Ltd.
BelleKimia Singapore Pte. Ltd.
Bloom Aqua Pte. Ltd.
Discoperi Pte. Ltd.
Hillmorton Pte. Ltd.
Infoserve Holdings Pte. Ltd.
Mitik Nature Pte. Ltd.
Phyto Medichem Singapore Pte. Ltd.
Pay All Lifestyle Network Pte. Ltd.
Quang Minh Vietnam-Singapore Pte. Ltd.
Sea Aquaculture Pte. Ltd.
Sintech CLC Pte. Ltd.
Techjet Aviation Pte. Ltd.
Tradeways Pte. Ltd.
Laumes International Resorts Pte. Ltd.
Present
Achilles Sports Pte. Ltd.
Advantage Property Services Pte. Ltd.
Amaroo Blackdown Investments Pte. Ltd.
Aryaka Networks Singapore Pte. Ltd.
Aurora Global Investment Pte. Ltd.
Cronus Sports Pte. Ltd.
Dawei LNG Terminal Holding Pte. Ltd.
Dawei Power Holding Pte. Ltd.
Dawei Residence Holding Pte. Ltd.
Dawei Telecom Holding Private Limited
DMPH Holdings Pte. Ltd.
Euro Moto Sport Pte. Ltd.
Eurobikes Trading Company Pte. Ltd.
Finscore Pte. Ltd.
Full Prospect (IP) Pte. Ltd.
Gateway Corporate Services Pte. Ltd.
Gateway IP Services Sdn. Bhd.
Gateway Law Corporation
Hebe Fashions Pte. Ltd.
HGB Region Pte. Ltd.
Kingkow (IP) Pte. Ltd.
Kolon Sport China (IP) Pte. Ltd.
La Plantation Management Pte. Ltd.
LNG Plus International (Singapore) Pte. Ltd.
Lukela Pte. Ltd.
Marine Stewardship Council
McLarty Asia Pte. Ltd.
MOBH Holding Pte. Ltd.
Motive Force Sport Products (Singapore) Pte. Ltd.
Myandawei Industrial Estate Holding Pte. Ltd
Oatly APAC Pte. Ltd.
Oatly Pte. Ltd.
Oatly Singapore Operations & Supply Pte. Ltd.
Osotspa Enterprises Singapore Pte. Ltd.
Oventure Pte. Ltd.
SLTI Pte. Ltd.
Thai International Industrial Estate Development Private Limited
Thai Power Development Private Limited
Thai Telecom Development Private Limited
Wing (Cambodia) Pte. Ltd.
Xcoal Energy & Resources Singapore Pte. Ltd.
Xnergy & Resources Pte. Ltd.