Change - Announcement of Appointment::Appointment of Chief Executive Officer - Designate

Issuer & Securities

Issuer/ Manager
ADVANCED HOLDINGS LTD.
Securities
ADVANCED HOLDINGS LTD. - SG1CD5000001 - BLZ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
25-Mar-2026 18:10:51
Status
New
Announcement Sub Title
Appointment of Chief Executive Officer - Designate
Announcement Reference
SG260325OTHRYYUQ
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Pang Gerald ("Mr Pang") as Chief Executive Officer ("CEO") - Designate of the Company.

This announcement has been reviewed by the Company's sponsor, UOB Kay Hian 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 or any of the statements or opinions made, or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, at 83 Clemenceau Avenue, #10-01 UE Square, Singapore 239920, telephone (65) 6590 6881.

Additional Details

Date of appointment
27/03/2026
Name of person
Mr Pang Gerald
Age
43
Country of principal residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Dr Wong Kar King ("Dr Wong") will retire as Managing Director of the Company and will also step down as a Director with effect from 27 April 2026 at the Company's Annual General Meeting ("AGM"). As part of leadership succession, the Company will appoint Mr Pang as CEO - Designate of the Company with effect from 27 March 2026. The Company will also table the proposed appointment of Mr Pang as an Executive Director for shareholders' approval at the Company's upcoming AGM.

Mr Pang has over 19 years of leadership experience across the energy, commodities and agriculture sectors within the Asian region, including Indonesia, Singapore and China. He possesses extensive experience in corporate strategy, complex transaction origination and platform development within the agriculture, energy and sustainable infrastructure sectors. His experience and industry network will be invaluable to the Company as it advances its agriculture-focused strategy.

The Board having considered the recommendations of the Nominating Committee and having reviewed and considered Mr Pang's educational and professional qualifications, working experience, capabilities and ability to contribute to the Company and other relevant factors, has approved the appointment of Mr Pang as CEO - Designate of the Company.
Whether appointment is executive, and if so, the area of responsibility
Yes. Mr Pang will work alongside Dr Wong as CEO - Designate before assuming full responsibility as the Executive Director and CEO of the Company upon Dr Wong's retirement following the conclusion of the Company's upcoming AGM and his appointment as Executive Director being approved by the Shareholders at the Company's upcoming AGM. Mr Pang shall be responsible for the day-to-day operations of the Group and ensure quality flow of information between the Board and the Management.
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer - Designate
Professional qualifications
Bachelor of Accountancy, Nanyang Technological University
Working experience and occupation(s) during the past 10 years
2025 to Present-Director, Southbay Group Pte Ltd

2023 to Present-Director, Camaraderie Pte Ltd

2016 to 2025-Director-Strategy, Agricore Global Pte Ltd

2009 to Present-Director, Vertex DG Pte Ltd (pending strike-off)
Shareholding interest in the listed issuer and its subsidiaries
No
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Yes. Mr Pang is the brother in law of Mr Nelson Herijanto, Director of Business Operations of PT Advanced Agri Indonesia, a subsidiary of the Company. Mr Pang also has a 24.75% interest in Agricore Global Pte Ltd, an associate company of the Company.
Conflict of interest (including any competing business)
No
Undertaking (in the format set out in Appendix 7.7 or Appendix 7H) under Mainboard Rule 720(1) or Catalist Rule 720(1) has been submitted to the listed issuer
Yes
Other Principal Commitments* Including Directorships#
* "Principal Commitments" has the same meaning as defined in the Code of Corporate Governance.
# These fields are not applicable for announcements of appointments pursuant to Mainboard Rule 704(9) or Catalist Rule 704(8).
Past (for the last 5 years)
Director-Strategy of Agricore Global Pte Ltd

Present
Director of Southbay Group Pte Ltd

Director of Camaraderie Pte Ltd

Director of Vertex DG Pte Ltd (pending strike-off)

Information Required
Disclose the following matters concerning an appointment of director, chief executive officer, chief financial officer, chief operating officer, general manager or other officer of equivalent rank. If the answer to any question is "yes", full details must be given.
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of:-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere,
in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Disclosure applicable to the appointment of director only.
Any prior experience as a director of an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange.
No
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable).
Assuming his appointment as Executive Director of the Company is approved by the Shareholders at the Company's upcoming AGM, the Company will make arrangements for Mr Pang to attend the training in the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange within one year from the date of his appointment to the Board.