Asia Enterprises : Retirement Of Non-executive Director

CHANGE - ANNOUNCEMENT OF CESSATION::RETIREMENT OF NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager

ASIA ENTERPRISES HOLDING LIMITED

Securities

ASIA ENTERPRISES HOLDING LTD - SG1S11926551 - A55

Stapled Security

No

Announcement Details

Announcement Title

Change - Announcement of Cessation

Date &Time of Broadcast

08-Apr-2020 20:47:00

Status

New

Announcement Sub Title

Retirement of Non-Executive Director

Announcement Reference

SG200408OTHRAEQQ

Submitted By (Co./ Ind. Name)

LEE YIH CHYI

Designation

MANAGING DIRECTOR

Description (Please provide a detailed description of the event in the box below)

Retirement of Mr Harmaidy as Non-Executive Director at the forthcoming Annual General Meeting of the Company.

Additional Details

Name Of Person

Harmaidy

Age

67

Is effective date of cessation known?

No

If No, please advise when the date will be announced

Mr Harmaidy will retire at the forthcoming Annual General Meeting of the Company to be held by 29 June 2020.

Detailed Reason (s) for cessation

Retirement as Director of the Company as part of board renewal.

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

22/07/2005

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)

4

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.)

Non-Executive Director and a member of Remuneration Committee

Role and responsibilities

Non-Executive

Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries

Mr Harmaidy is a substantial shareholder of the Company

Shareholding interest in the listed issuer and its subsidiaries?

Yes

Shareholding Details

Mr Harmaidy holds 18,539,650 shares of the Company, and is deemed to have an interest in the 21,332,375 shares held by Sin Hock Chong Company Private Limited

Past (for the last 5 years)

NIL

Present

• Director of Asia Enterprises (Private) Limited
• Director of Asia-Beni Steel Industries (Pte) Ltd
• Director of Sin Hock Chong Company Private Limited