Change - Announcement of Cessation::RETIREMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
ADVANCER GLOBAL LIMITED
Securities
ADVANCER GLOBAL LIMITED - SG1CJ7000006 - 43Q
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Apr-2021 00:29:59
Status
New
Announcement Sub Title
RETIREMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference
SG210413OTHRBX79
Submitted By (Co./ Ind. Name)
CHIN MEI YANG
Designation
CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR
Description (Please provide a detailed description of the event in the box below)
RETIREMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (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 or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Charmian Lim (Telephone no.: 65-6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
VINCENT LEOW
Age
43
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2021
Detailed Reason (s) for cessation
Mr. Vincent Leow was due to retire at the Annual General Meeting ("AGM") of the Company held on 29 April 2021 pursuant to Regulation 117 of the Company's Constitution. He has decided not to seek for re-election and subsequent to the AGM, will retire as Independent Non-Executive Director of the Company at the conclusion of the forthcoming AGM. He will relinquish his role as Chairman of the Nominating Committee and member of the Audit and Remuneration Committees upon his retirement.

The Board would like to extend its appreciation to Mr. Vincent Leow for his invaluable contribution to the Company during his tenure of service.

The Sponsor, after having interviewed Mr. Vincent Leow, is satisfied that, save as disclosed in this announcement, there are no material reasons for the retirement of Mr. Vincent Leow as 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?
Yes
If Yes, Please provide full details
The Company is in the midst of sourcing for a candidate to replace Mr. Vincent Leow as Independent Non-Executive Director to fill the vacancy of the Board and Board Committees in compliance with the Catalist Rules and Code of Corporate Governance. The Company will endeavour to fill the vacancy within two months, but in any case, not later than three months.

The Company will release the announcement on the appointment of the new Independent Non-Executive Director in due course.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
09/06/2016
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 Non-Executive Director, Chairman of the Nominating Committee and member of the Audit Committee and Remuneration Committee
Role and responsibilities
Independent Non-Executive 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
Past (for the last 5 years)
NIL
Present
UG HEALTHCARE CORPORATION LIMITED