Change - Announcement of Cessation::Cessation of Mr Lee Sai Sing

Issuer & Securities

Issuer/ Manager
ASPIAL LIFESTYLE LIMITED
Securities
ASPIAL LIFESTYLE LIMITED - SG2E90982678 - 5UF
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-May-2023 00:30:21
Status
New
Announcement Sub Title
Cessation of Mr Lee Sai Sing
Announcement Reference
SG230505OTHRFX15
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 Lifestyle Limited (the "Company") would like to announce the cessation of Mr Lee Sai Sing as an Independent Director, as part of the Board renewal process pursuant to Rule 406(3)(d)(iv) of the listing manual Section B: Rules of the Catalist ("Catalist Rules") of the Singapore Exchange Securities Trading Limited.

The Board expresses its appreciation to Mr Lee Sai Sing for his dedication and invaluable contribution during his tenure of service.

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited ("Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement.

The contact person for the Sponsor is Mr David Yeong (Tel: 6232 3210) at 1 Robinson Road #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Lee Sai Sing
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
05/05/2023
Detailed Reason (s) for cessation
Mr Lee Sai Sing has served as an Independent Director of the Company for more than 9 years and pursuant to Rule 406(3)(d)(iv) of the Catalist Rules, has decided to step-down 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?
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
16/04/2012
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)
2
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.)
Independent Director, Chairman of the Remuneration Committee, a member of the Audit Committee and Nominating Committee.
Role and responsibilities
Independent Director, Chairman of the Remuneration Committee, a member of the Audit Committee and Nominating 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
Company
Direct Interest
1,200,550 ordinary shares
Past (for the last 5 years)
GS Holdings Limited
Harvest Media Capital Pte Ltd
Present
Maxi-Harvest Group Pte Ltd
Abundante Limited
TMC Waste Management Pte Ltd
TMC Concrete Pumping Services Pte Ltd
TMC Pumping System Pte Ltd
Transit-Mixed Concrete (M) Sdn Bhd
Crescent Concrete Sdn Bhd
Pinespeed Sdn Bhd
Pesiarian Makmur Sdn Bhd
Prestige Sdn Bhd