Change - Announcement of Cessation::Resignation of Independent Director - Mr Chong Man Sui

Issuer & Securities

Issuer/ Manager
ADVANCED SYSTEMS AUTOMATION LIMITED
Securities
ADVANCEDSYSTEMS AUTOMATION - SGXE59672050 - WJ9
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
11-Jun-2025 22:55:30
Status
New
Announcement Sub Title
Resignation of Independent Director - Mr Chong Man Sui
Announcement Reference
SG250611OTHRY2NP
Submitted By (Co./ Ind. Name)
Seah Chong Hoe
Designation
Executive Chairman & CEO
Description (Please provide a detailed description of the event in the box below)
The Company wishes to announce the resignation of Mr Chong Man Sui ("Mr Chong") as an Independent Director of the Company with effect from 10 June 2025.

The Company would like to express its gratitude and appreciation to Mr Chong for his services and invaluable contributions during his tenure of office with the Company.

This announcement has been reviewed by the sponsor of Advanced Systems Automation Limited, ZICO Capital Pte. Ltd. (the "Sponsor").

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

The contact person for the Sponsor is Ms. Goh Mei Xian, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.


Additional Details

Name Of Person
Chong Man Sui
Age
68
Is effective date of cessation known?
Yes
If yes, please provide the date
10/06/2025
Detailed Reason (s) for cessation
On 10 June 2025, Mr Chong tendered his resignation as an Independent Director of the Company with immediate effect. Mr Chong has informed the Board of Directors that he noticed the Company's current situation cannot provide a peaceful environment for normal business discussion, and as such he is of the view that he is currently unable to contribute his experience, knowledge and expertise to the Group. In addition, Mr Chong expects that he will be busier with his other personal commitments going forward.

Following Mr Chong's resignation, he has also relinquished his positions as a member of the Audit Committee, the Remuneration Committee and the Nominating Committee.

After having interviewed Mr Chong and to the best of its knowledge, the Company's Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the resignation of Mr Chong as an 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
30/08/2021
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director and a member of the Audit Committee, Remuneration Committee and Nominating Committee
Role and responsibilities
Assumed the roles and responsibilities of an Independent Director and a member of the Audit Committee, Remuneration Committee and Nominating 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
Past (for the last 5 years)
Pixiu Holdings Ltd
Medicox Co. Ltd
Telford Holdings HK Limited
DTB Limited
Dragon Ventures Limited
Eocell Limited
Telford Service Sdn Bhd
Dragon Equipment and Materials Technology Ltd
ASTI HK Limited
Reel Service (UK)
EoPlex Limited
Telford Industries Pte Ltd
Asia Phoenix Angels Pte Ltd
Dragon D'
llum Technologies Pte Ltd
SCM Solutions Pte Ltd
Sooner Technologies
Spire Technologies Pte Ltd
Dragon Group International Limited
Nanjing Dragon Tourism and Management Co. Ltd
Jiangsu Longjiang Ship Building Co. Ltd
Nanjing Dragon Treasure Boat Development Co. Ltd
Spire Technologies Taiwan Co. Ltd
EoPlex Inc
ASTI (USA) Inc
Dragon Rises Limited
ASTI Holdings Limited
Acetech Solutions Limited
Present
Fenghuang Holdings Ltd - Director
KSMC Limited - Director