Change - Announcement of Cessation::Cessation of Deputy Chief Executive Officer

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
07-Mar-2022 17:38:29
Status
New
Announcement Sub Title
Cessation of Deputy Chief Executive Officer
Announcement Reference
SG220307OTHRFLFG
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Ms Teo Siok San Samantha as Deputy Chief Executive Officer.

This announcement has been prepared by Advanced Holdings Ltd. (the "Company") and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, 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
Teo Siok San Samantha
Age
45
Is effective date of cessation known?
Yes
If yes, please provide the date
21/03/2022
Detailed Reason (s) for cessation
To pursue personal interest and other career opportunities.

Based on its enquires, the Company's sponsor, UOB Kay Hian Private Limited, is satisfied that, save as disclosed in the announcement, there are no material reasons for the cessation of Ms Teo Siok San Samantha as the Deputy Chief Executive Officer 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
01/08/2018
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Deputy Chief Executive Officer
Role and responsibilities
The Group's overall management and operations, formulating business strategies as well as identifying and developing new businesses for the Group.
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
60,000
Past (for the last 5 years)
Advanced CAE Pte. Ltd.
GWI Inc
Guided Wave Asia Pte Ltd
Advanced CAE Saudi Arabia Company
Advanced Petroleum Equipment Thailand
Present
Nil