Change - Announcement of Cessation::Retirement of Independent Director - Dr Ho Choon Hou

Issuer & Securities

Issuer/ Manager
ADVANCED HOLDINGS LTD.
Securities
ADVANCED HOLDINGS LTD. - SG1CD5000001 - BLZ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Apr-2024 07:27:46
Status
New
Announcement Sub Title
Retirement of Independent Director - Dr Ho Choon Hou
Announcement Reference
SG240404OTHRUSRZ
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Dr Ho Choon Hou as Independent Director.

This announcement has been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Ho Choon Hou
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2024
Detailed Reason (s) for cessation
To comply with Rule 406(3)(d)(iv) of the SGX-ST Listing Manual Section B: Rules of Catalist and to facilitate the renewal of Independent Directors on the Board, Dr Ho Choon Hou will be stepping down as an Independent Director of the Company with effect from 26 April 2024, and he will concurrently relinquish his position as Chairman of the Nominating Committee, and Member of the Audit Committee and Remuneration Committee.

Based on its enquiries, the Company's sponsor, UOB Kay Hian Private Limited, is satisfied that, saved as disclosed in this announcement, there are no other material reasons for the retirement of Dr Ho Choon Hou as the Independent Director of the Company.
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?
No
Date of Appointment to current position
04/01/2013
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Nominating Committee, and Member of the Audit Committee and Remuneration Committee
Role and responsibilities
Duties of an Independent Director, Chairman of the Nominating Committee, and Member of the Audit Committee and Remuneration Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
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Present
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