Ms. Lee Shih Yi had on 1 February 2020 resigned as Chief Financial Officer of Astaka Holdings Limited (the 'Company').
The Board of Directors (the 'Board') had on 14 February 2020 agreed to her resignation after having considered a thorough handover process and transition plan put in place.
There are no concerns with regards to financial reporting that led to the cessation of Ms. Lee Shih Yi, and there are no disagreements between Ms. Lee Shih Yi and the Board with regard to practices that will have an impact on the Company's financial reporting. Following the resignation of Ms. Lee Shih Yi, the Board does not foresee any difficulties for the Company to continue to meet its financial reporting requirements.
After having interviewed Ms. Lee Shih Yi and to the best of its knowledge, the Company's sponsor, Novus Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Ms. Lee Shih Yi as the Chief Financial Officer of the Company.