Aspial Lifestyle Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Kean Seen Ng

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	2.6yrs
CEO ownership	n/a
Management average tenure	3.6yrs
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO

Kean Seen Ng (52 yo)

2.6yrs

Tenure

Mr. Kean Seen Ng has been Chief Executive Officer & Executive Director at Aspial Lifestyle Limited (formerly known as Maxi-Cash Financial Services Corporation Ltd.) since April 1, 2022 and was its Deputy C...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kean Seen Ng	CEO & Executive Director	2.6yrs	no data	no data
Kwok Fon Oh	Assistant Finance Director	3.6yrs	no data	no data
Swee Ann Lim	Company Secretary	no data	no data	0.20% SGD 433.6k
Janet Tan	Company Secretary	10.6yrs	no data	no data

3.6yrs

Average Tenure

Experienced Management: 5UF's management team is considered experienced (3.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kean Seen Ng	CEO & Executive Director	2.6yrs	no data	no data
Wee Seng Koh	Non-Independent Non-Executive Chairman	16.6yrs	no data	9.93% SGD 21.8m
Lee Meng Ko	Non-Executive & Non-Independent Director	16.3yrs	no data	1.03% SGD 2.3m
Bie Tjin Ng	Independent Director	less than a year	no data	no data
Yun Seng Yeo	Independent Lead Director	1.5yrs	no data	0.013% SGD 29.2k
Soo Kiang Tan	Non-Executive & Independent Director	8.3yrs	no data	no data

5.5yrs

Average Tenure

60yo

Average Age

Experienced Board: 5UF's board of directors are considered experienced (5.5 years average tenure).

Aspial Lifestyle Management

Management criteria checks 2/4

Key information

Recent management updates

Aspial Lifestyle Limited, Annual General Meeting, Apr 29, 2024

Aspial Lifestyle Limited, Annual General Meeting, Apr 19, 2024

Aspial Lifestyle Limited Announces Resignation of Lim Poh Meng as Merchandising Director

Aspial Lifestyle Limited Announces Changes to the Board and Re-Composition of the Board Committees

Insufficient new directors

Non-Independent Non-Executive Chairman recently bought S$201k worth of stock

Recent updates

Aspial Lifestyle Limited has filed a Follow-on Equity Offering in the amount of SGD 37.42122 million.

First half 2024 earnings released: EPS: S$0.01 (vs S$0.007 in 1H 2023)

New minor risk - Shareholder dilution

Aspial Lifestyle Limited Approves Final Dividend for the Financial Year Ended 31 December 2023

Full year 2023 earnings released: EPS: S$0.014 (vs S$0.014 in FY 2022)

Aspial Lifestyle Limited, Annual General Meeting, Apr 29, 2024

Aspial Lifestyle Limited, Annual General Meeting, Apr 19, 2024

Full year 2023 earnings released: EPS: S$0.014 (vs S$0.014 in FY 2022)

Aspial Lifestyle Limited Proposes Final Tax Exempt (One-Tier) Dividend for Fy2023, Payable on 17 May 2024

Aspial Lifestyle Limited Announces Resignation of Lim Poh Meng as Merchandising Director

Now 20% undervalued after recent price drop

First half 2023 earnings released: EPS: S$0.007 (vs S$0.009 in 1H 2022)

Aspial Lifestyle Limited Declares Interim Tax Exempt (One-Tier) Dividend for the First Half Ended June 30, 2023

New minor risk - Profit margin trend

Aspial Lifestyle Limited Announces Changes to the Board and Re-Composition of the Board Committees

Full year 2022 earnings released: EPS: S$0.014 (vs S$0.014 in FY 2021)

Full year 2022 earnings released: EPS: S$0.014 (vs S$0.014 in FY 2021)

Now 21% undervalued after recent price drop

Insufficient new directors

Now 20% undervalued after recent price drop

Non-Independent Non-Executive Chairman recently bought S$201k worth of stock

Maxi-Cash Financial Services Corporation Ltd. (Catalist:5UF) completed the acquisiiton of Aspial-Lee Hwa Jewellery Singapore Pte. Ltd, Gold Purple Pte. Ltd. and BU2 Services Pte. Ltd. from Aspial Corporation Limited (SGX:A30).

Maxi-Cash Financial Services Corporation Ltd Declares Interim Tax Exempt (One-Tier) Dividend for the Year Ended December 31, 2022, Payable on September 9, 2022

First half 2022 earnings released

Insufficient new directors

Maxi-Cash Financial Services Corporation Ltd., Annual General Meeting, Apr 29, 2022

Full year 2021 earnings released: EPS: S$0.014 (vs S$0.028 in FY 2020)

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Maxi-Cash Financial Services Corporation Ltd. Announces Executive Changes

Maxi-Cash Financial Services Corporation Ltd. to Report Fiscal Year 2021 Results on Feb 24, 2022

First half 2021 earnings released: EPS S$0.008 (vs S$0.01 in 1H 2020)

Director of Regional Operations Wee Kiong Chua has left the company

Full year 2020 earnings released: EPS S$0.028 (vs S$0.014 in FY 2019)

Non-Executive Chairman recently sold S$1.8m worth of stock

Assistant Finance Director has left the company

Upcoming Dividend of S$0.015 Per Share

Full year 2020 earnings released: EPS S$0.028 (vs S$0.014 in FY 2019)

Maxi-Cash Financial Services Corporation Ltd. to Report Fiscal Year 2020 Results on Feb 23, 2021

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age