Investor Relations ASL Marine Holdings Ltd

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Change - Announcement Of Resignation Of Executive Director

BackSep 18, 2017

Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Sep 18, 2017 19:22
Status New
Announcement Sub Title Resignation of Executive Director
Announcement Reference SG170918OTHRUSYM
Submitted By (Co./ Ind. Name) Koh Kai Kheng Irene
Designation Group Financial Controller
Effective Date and Time of the event 18/09/2017 17:00:00
Description (Please provide a detailed description of the event in the box below) Please refer to the attachment.

Additional Details
Name Of Person Ang Kok Eng
Age 50
Is effective date of cessation known? Yes
If yes, please provide the date 18/09/2017
Detailed Reason (s) for cessation Mr Ang Kok Eng's resignation is to allow the Company to comply with Guideline 2.2 of the Code of Corporate Governance 2012.

Mr Ang remains as an Executive Director of various subsidiaries 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 18/10/2002
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) 3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Executive Director
Role and responsibilities Responsible for developing marketing strategies, identifying new businesses and markets and customers for Asia.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Mr Ang Kok Eng is the brother of Mr Ang Kok Tian, Mr Ang Ah Nui, Mr Ang Kok Leong and Ms Ang Swee Kuan (substantial shareholder), and the son of Mr Ang Sin Liu (substantial shareholder). Each of them is deemed to be interested in the shares held by others. In aggregate, the Ang family holds 67.22% of the shares in the Company.
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details Direct interest: 73,799,100 shares (11.73%)
Deemed interest: 349,193,850 shares (55.49%)
Total interest: 422,992,950 shares (67.22%)
Past (for the last 5 years) Fastcoat Industries Pte. Ltd.
Present 1. ASL Leo Pte Ltd
2. ASL Marine Contractor Pte Ltd
3. ASL Maritime Services Pte Ltd
4. ASL Offshore & Marine Pte Ltd
5. ASL Project Logistics Pte Ltd
6. ASL Shipyard Pte Ltd
7. ASL Towage & Salvage Pte Ltd
8. ASL Triaksa Offshore Pte Ltd
9. Capitol Aquaria Pte Ltd
10. Capitol Oceans Pte Ltd
11. Capitol Tug & Barge Pte Ltd
12. Capitol Workboats Pte Ltd
13. Harmony PSV Pte Ltd
14. Hongda Investment Pte Ltd
15. Intan Maritime Investments Pte Ltd
16. Intan Oceans Pte Ltd
17. Intan Offshore Pte Ltd
18. Intan OSV Pte Ltd
19. Intan Overseas Investments Pte Ltd
20. Intan Scorpio Pte Ltd
21. Intan Synergy Pte Ltd
22. Lightmode Pte Ltd
23. Singa Tenaga Investments Pte Ltd
24. Ang Sin Liu Construction (Pte) Ltd
25. Capitol Marine Pte Ltd (alternate director to Ang Kok Tian)
26. Jiang Men Hongda Shipyard Ltd.
27. PT. ASL Shipyard Indonesia
28. PT. Bina Kontinental Lestari
29. PT. Sukses Shipyard Indonesia