Change - Announcement of Cessation::CESSATION OF NON-EXECUTIVE AND NON-INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
ADDVALUE TECHNOLOGIES LTD
Securities
ADDVALUE TECHNOLOGIES LTD - SG1I67883666 - A31
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Aug-2025 17:17:52
Status
New
Announcement Sub Title
CESSATION OF NON-EXECUTIVE AND NON-INDEPENDENT DIRECTOR
Announcement Reference
SG250827OTHRA0QY
Submitted By (Co./ Ind. Name)
TAN KHAI PANG
Designation
CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Chua Chwee Koh as Non-Executive and Non-Independent Director of the Company

Additional Details

Name Of Person
Chua Chwee Koh
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
26/10/2025
Detailed Reason (s) for cessation
The low support (52.5%) for Mr Chua Chwee Koh at the recent AGM on 24 July 2025 and the action by a group of shareholders requesting for Mr Chua s resignation had surprised Mr Chua. As Chairman of the Board Executive Committee ( Board Exco ), Mr Chua has worked closely with Management and conducted more than 60 Board Exco meetings over about 3.5 years to turn the Company around. The Company has finally turned around, achieving a profit after tax of more than US$1.9M in FY2025 and the share price has also more than doubled from the lows of S$0.01 to S$0.026 (closing price on 25 August 2025). However, in view of the waning support from shareholders and the persistent action by a group of shareholders to request for his resignation, Mr Chua believes it is in the best interest of the Company that he resigns as a Director so that the Company can appoint and elect a new Director. In order to facilitate the search for a new Director and effect a smooth transition, Mr Chua will resign as a Director with effect from 26 October 2025.
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?
Yes
If Yes, Please provide full details
Please refer to the Detailed reason(s) for cessation above
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
01/01/2022
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)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Non-Independent Director
Chairman of Board Exco and
Member of Audit & Risk Committee

Role and responsibilities
Roles and responsibilities of Non-Executive and Non-Independent Director,
Chairman of Board Exco and
Member of Audit & Risk 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?
Yes
Shareholding Details
7,834,900 ordinary shares
$100,000 redeemable convertible bonds
$32,500 convertible loan notes and
2,500,000 warrants
Past (for the last 5 years)
Director at the Raffles Education Corporation Ltd
Independent and non-Executive Director at Trident Digital Tech Holdings Ltd
Director of the following companies
1. Certis CISCO Aviation Security Pte Ltd
2. Certis CISCO Secure Logistics Pte Ltd
3. Certis Management Services Pte Ltd
4. Synergy FM I Pte Ltd
(n.k.a. Certis Integrated Facilities Management Pte Ltd)
5. The Commercial & Industrial Security Corporation Pte Ltd
6. Certis CISCO Consulting Services Pte Ltd
7. Certis CISCO Manpower Pte Ltd
8. Certis CISCO Auxiliary Police Force Pte Ltd
9. Certis Healthcare Pte Ltd
10. Lodgings Pte Ltd
11. Certis Guarding Services LLC in UAE
12. Certis Security LLC in UAE
Present
Director at the Raffles Education Corporation Ltd
Independent and non-Executive Director at Trident Digital Tech Holdings Ltd