| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | RETIREMENT OF CHAIRMAN AND INDEPENDENT NON-EXECUTIVE DIRECTOR - MR. CHEAH TEIK SENG |
| Securities | ASPEN (GROUP) HOLDINGS LIMITED (ASPEN) |
| Date & Time of Broadcast | Oct 7, 2024 23:49 |
| Submitted By | DATO' MURLY MANOKHARAN PRESIDENT AND GROUP CHIEF EXECUTIVE OFFICER |
| Description | Retirement of Mr. Cheah Teik Seng as the Chairman and Independent Non-Executive Director of the Company |
| Cessation Details | |
| Name of person | Cheah Teik Seng |
| Age | 71 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Oct 22, 2024 |
| Detailed reason(s) for cessation | Mr. Cheah Teik Seng ("Mr. Cheah") has notified the Board that he will retire voluntarily as a Director of the Company at the conclusion of the Company's forthcoming Annual General Meeting ("AGM") on 22 October 2024, as part of the Board's renewal process. Upon Mr. Cheah's retirement, he will cease to be the Chairman of the Board, Chairman of the Audit Committee ("AC") and Remuneration Committee ("RC"), as well as a member of the Nominating Committee ("NC"). The Board would like to record its gratitude and appreciation to Mr. Cheah for his invaluable contributions to Aspen over the years and wishes Mr. Cheah well in their future endeavours. |
| 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 | Jun 20, 2017 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of independent directors currently resident in Singapore (taking this 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 | - Chairman and Independent Non-Executive Director - Chairman of Audit Committee - Chairman of Remuneration Committee - Member of Nominating Committee |
| Role and responsibilities | Chairman and Independent Non-Executive Director, Chairman of the Audit Committee and Remuneration Committee as well as a member of the Nominating Committee |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | No |
| Shareholdings interest in the listed issuer and its subsidaries? | Yes |
| Shareholding Details | Direct Interest - 4,480,252 ordinary shares |
| Other directorships | |
| Past (for the last 5 years) | None |
| Present | - Pan Asia Mortgage Co., Ltd. - SLEEP International Limited - Aktis Special Situations Management Limited - Aktis Financial Holdings SPC Limited - Good Partner Limited - China Light Point Logistics Ltd. - Stronghouse Financial Holdings Ltd. |
Change - Announcement Of Cessation :: Retirement Of Chairman And Independent Non-Executive Director - Mr. Cheah Teik Seng
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
Hot News
Updated