Change - Announcement of Cessation::Retirement of Independent Director at the Annual General Meeting

Issuer & Securities

Issuer/ Manager
ASPIAL CORPORATION LIMITED
Securities
ASPIAL CORPORATION LIMITED - SG1G71871634 - A30
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2023 08:36:11
Status
New
Announcement Sub Title
Retirement of Independent Director at the Annual General Meeting
Announcement Reference
SG230429OTHRJSCM
Submitted By (Co./ Ind. Name)
Lim Swee Ann
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Aspial Corporation Limited (the "Company") would like to announce the retirement of Mr Kau Jee Chu as an Independent Director of the Company at the conclusion of the Annual General Meeting held on 28 April 2023. Following his retirement, Mr Kau Jee Chu ceased as Chairman of the Nominating Committee, a member of the Audit Committee and Remuneration Committee.

The Board expresses its appreciate to Mr Kau Jee Chu for his dedication and invaluable contribution during his tenure of service.

Additional Details

Name Of Person
Kau Jee Chu
Age
84
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2023
Detailed Reason (s) for cessation
Mr Kau Jee Chu has served as an Independent Director of the Company for more than 9 years. Mr Kau Jee Chu has decided not to seek re-election at the Annual General Meeting held on 28 April 2023 and retire as an Independent Director.

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
01/11/2002
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Nominating Committee, a member of the Audit Committee and Remuneration Committee.
Role and responsibilities
Independent Director, Chairman of the Nominating Committee, a 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
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
Aspial Corporation Limited
Present
Nil