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
19-May-2015 20:12:51
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG150519OTHR1SIP
Submitted By (Co./ Ind. Name)
Simon Eng
Designation
Chief Executive Officer
Effective Date and Time of the event
19/05/2015 17:00:00
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr. Chay Yiowmin as an Independent Director, AC Chairman and RC member of the Company.

Additional Details

Name Of Person
Chay Yiowmin
Age
41
Is effective date of cessation known?
Yes
If yes, please provide the date
31/05/2015
Detailed Reason (s) for cessation
Mr Chay has decided to resign as a result of ongoing job commitments.
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
04/09/2013
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3
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, AC Chairman and RC member
Role and responsibilities
Assumed the roles and responsibilities of an Independent Director, Chairman of Audit Committee and member of 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?
Yes
Shareholding Details
10128561 shares
Past (for the last 5 years)
Alchemist Enterprise (S) Pte Ltd
Chaspark Maritime Holdings Pte Ltd
Chaspark Maritime Pte Ltd
Dry Bulk Shipping Pte Ltd
Global Air Compass Singpaore Pte Ltd
He Rui Feng Trading (Singapore) Pte Ltd
MJHR Maritime Pte Ltd
Moore Stephens Consultants Pte Ltd
Noele Pte Ltd
Oak Tree Capital Pte Ltd
QW Gourmet Pte Ltd
Present
8I Holdings Limited
Ksenja Pte Ltd
Millenium Offshore Services Management Pte Ltd
Millenium Offshore Services Pte Ltd
UMS Holdings Limited
Xemaco Group Pte Ltd