Datapulse Technology Directors have tendered their resignations from the company's board of directors, triggering a reconstitution, based on multiple bourse filings on Wednesday (Jul 12) night. Aw Cheok Huat, who served as non-independent non-executive director, stepped down due to "ongoing disagreements with another controlling shareholder on the strategic direction of the company". Likewise, independent non-executive director Choong Chee Peng Bert resigned due to these "difficulties encountered".

Yeung Koon Sang, lead independent director, stepped down "to facilitate the renewal and restructuring of the board requested by a substantial shareholder". Aw, who was the board's chairman, will be replaced by board director Ang Kong Meng as both non-independent non-executive director and chairman. In June, Ang had requisitioned an extraordinary general meeting (EGM) to pass eight resolutions.

The requisition was withdrawn on Jul 12, following the board changes. He had sought to remove five fellow board members - including Aw, Choong and Yeung, as well as Lau Yan Wai. He also requested for Yee Chia Hsing to be removed as the company's director, but to remain as its chief executive.

After the reconstitution, Yee, Lau and Yap Ming Choo remain members of the board of directors. Ang also wanted to appoint two new board directors - Hor Siew Fu, independent director and chairman of the audit committee at water-treatment company Memiontec; and Perry Yuen, mergers and acquisitions partner at law firm Shook Lin & Bok. Following the board shake-up, Datapulse will need to appoint one additional independent director, to ensure that it comprises a majority of independent directors, in compliance with corporate governance rules.