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Change in Boardroom

ASIA BIOENERGY TECHNOLOGIES BERHAD

Date of change

24/02/2012
NameLim Chee Wei
Age41
NationalityMalaysian
DesignationDirector & Chief Exec. Officer
DirectorateExecutive
Type of changeResignation
ReasonMr Lim Chee Wei decided to resign from the Company in line with the organisation restructuring of the Group to allow for a more productive and effective management structure. Nonetheless, he shall continue to be in charge of the Group investee company namely, eCompazz IT Sdn. Bhd. Thus, his resignation from the Board would allow better management focus.
Details of any disagreement that he/she has with the Board of DirectorsNo
Whether there are any matters that need to be brought to the attention of the shareholdersNo
QualificationsMr Lim Chee Wei is a graduate of the University of Humberside, United Kingdom in M.Sc. IT in Business. Mr Lim is also a Microsoft Certified System Engineer (MCSE) and Microsoft Certified Solutions Developer.  
Working experience and occupation Mr Lim started his career as senior consultant of Iverson Associates Sdn. Bhd. and was responsible for Microsoft implementation, training support, etc and has handled various portfolio such as Microsoft, Tenaga National, Telekom Malaysia, Genting Berhad, etc. Subsequently, he joined Synergy 21 Sdn. Bhd. and assumed the post of IT Director. He was tasked to responsible for the development of IT Business platform and technology transfer of system in Synergy 21 Sdn. Bhd. before joining eCompazz IT Sdn. Bhd. At present, Mr Lim is the Chief Executive Officer of eCompazz IT Sdn. Bhd.  
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesDirect interest of 1,000,000 ordinary shares of RM0.10 each in the capital of the Company.  

Remarks :
The Board will identify a Chief Executive Officer in due course to lead the incubation business going forward.


Announcement Info

Company NameASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market) 
Stock Name ASIABIO    
Date Announced24 Feb 2012  
CategoryChange in Boardroom
Reference NoCU-120224-52936



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