Change - Announcement of Cessation::Resignation of Independent Director

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
13-Jul-2018 17:44:06
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG180713OTHRKL6D
Submitted By (Co./ Ind. Name)
Monica Kwok
Designation
VP
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr. Paul Lim Choon Wui as an Independent Director, Chairman of RC and NC and member of the AC

Additional Details

Name Of Person
Paul Lim Choon Wui
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
14/07/2018
Detailed Reason (s) for cessation
Mr Lim has resigned in view of potential changes in business directions and investment parameters. Following his resignation, Mr Lim also ceases to be Chairman of the Remuneration and Nominating Committees and member of the Audit 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
20/10/2017
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)
1
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.)
Independent Director, Chairman of RC and NC, and member of the AC
Role and responsibilities
Assume the roles and responsibilities of an Independent Director, Chairman of the Nominating and Remuneration Committee and member of the Audit 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)
Secura Group Ltd
Secura Singapore Pte. Ltd.
Secura Forms Pte Ltd
Boon Yong Electrical Pte Ltd
Red Sentry Pte Ltd
Secura Foremost eMage Pte. Ltd.
Soverus Pte. Ltd.
Soverus Technology Pte. Ltd.
Soverus Group Pte. Ltd.
Soverus Consultancy & Services Pte. Ltd.
Custodio Technologies Pte. Ltd.
Soverus Documation Pte. Ltd.
Soverus Kingdom Systems Pte. Ltd.
Secura Training Academy Pte. Ltd.
Foremost Secura Corporation
Secura Security Printing Sdn. Bhd.
Secura Malaysia Sdn. Bhd.
Secura (Thailand) Co., Ltd
Present
Magnus Systems Pte. Ltd.
Circle8 Pte. Ltd.
Fidelium Capital Pte. Ltd.