Change - Announcement of Cessation::Change - Announcement of Cessation
Issuer & Securities
Issuer/ ManagerASTAKA HOLDINGS LIMITED
SecuritiesASTAKA HOLDINGS LIMITED - SG1CB5000005 - 42S
Stapled SecurityNo
Announcement Details
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast29-Feb-2016 18:27:36
StatusNew
Announcement Sub TitleChange - Announcement of Cessation
Announcement ReferenceSG160229OTHR109Y
Submitted By (Co./ Ind. Name)Dato' Zamani Bin Kasim
DesignationExecutive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this annoucement.

The contact person for the Sponsor is Mr. Thomas Lam, Associate Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (+65) 6229 8088.
Additional Details
Name Of PersonLim Yeow Eng
Age45
Is effective date of cessation known?Yes
If yes, please provide the date29/02/2016
Detailed Reason (s) for cessationTo pursue other career opportunities.

Based on its enquires, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, save as disclosed in this announcemment, there are no other material reasons for the cessation of Mr. Lim Yeow Eng as the Chief Financial Officer.

In additional, there are no concerns with regards to the financial reporting that led to the departure of Mr. Lim Yeow Eng and there are no disagreements between Mr. Lim Yeow Eng and the Company's Board of Directors with regard to practices that will have an impact on the Company's financial reporting.
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?Yes
If Yes, Please provide full detailsMr. Yap Koon Loong, the Finance Director of the Company will assume the roles and responsibilities of Mr. Lim Yeow Eng pursuant to Mr. Lim's cessation.
Date of Appointment to current position19/11/2015
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
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Chief Financial Officer
Role and responsibilitiesInvolved in overseeing the Group's financial and accounting functions.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiariesNIL
Shareholding interest in the listed issuer and its subsidiaries?No
Past (for the last 5 years)K-Star Sports Limited
PresentNIL