Change - Announcement of Cessation::Retirement of Independent Director at Annual General Meeting

Issuer & Securities

Issuer/ Manager
ADVANCE SCT LIMITED
Securities
ADVANCE SCT LIMITED - SG1Q38922098 - 5FH
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Apr-2016 18:39:38
Status
New
Announcement Sub Title
Retirement of Independent Director at Annual General Meeting
Announcement Reference
SG160422OTHR16AE
Submitted By (Co./ Ind. Name)
Simon Eng
Designation
Chief Executive Officer
Effective Date and Time of the event
29/04/2016 00:00:00
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr. Loo Cheng Guan as an Independent Director at the Company's Twelfth Annual General Meeting.

Additional Details

Name Of Person
Loo Cheng Guan
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2016
Detailed Reason (s) for cessation
Mr. Loo has decided to not to seek re-election at the Company's Twelfth Annual General Meeting ("AGM") due to overseas work commitments. Accordingly, Mr. Loo will retire as a Independent Director of the Company at the conclusion of the AGM.

Following his retirement, Mr. Loo also ceases to be the Chairman of Audit Committee and a member of the Remuneration Committee.
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
01/06/2015
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, AC Chairman and RC Member.
Role and responsibilities
Assumed the roles and responsibilities of an Independent Director, Audit Committee Chairman and a member of the Remuneration Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Blackbird Investments Ltd
Blue Ocean Capital Partners Pte Ltd
C&G Environmental Protection Holdings Ltd
C&G Industrial Services (Hong Kong) Co., Ltd.
CICC Holdings Pte Ltd
F&H Fund Management Pte Ltd
Hongwei Technologies Ltd
Hope Horizon Investment Pte Ltd
Grandblue Environment Holdings Limited
MAP Technology Holdings Ltd
Tembusu Growth Fund II Ltd
Tembusu Growth GIP Fund Ltd
Tembusu Partners Pte Ltd
Present
1 Rockstead GIP Fund II Pte Ltd
Amalgam Capital Partners Pte Ltd
Brash Asia Pte Ltd
Valuetronics Holdings Ltd
Vermilion Gate Asset Management Pte Ltd
Zegona Holdings Ltd