Change - Announcement of Cessation::Cessation of Independent and Non-Executive Chairman

Issuer & Securities

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

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Apr-2026 19:18:04
Status
New
Announcement Sub Title
Cessation of Independent and Non-Executive Chairman
Announcement Reference
SG260428OTHRXH0Z
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of BG (RET) Lim Yeow Beng ("BG (RET) Lim") as Independent and Non-Executive Chairman 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 of any of the statements or opinions made or reports contained in this announcement.

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

Additional Details

Name of person
BG (RET) Lim Yeow Beng
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date.
28/04/2026
Detailed reason(s) for cessation
BG(RET) Lim will cease to be Independent and Non-Executive Chairman of the Company with effect from 28 April 2026 as he will step down to allow for new leadership to guide the Company and its subsidiaries going forward. BG (RET) Lim will also relinquish his position as chairman of the Nominating Committee and member of the Audit Committee and Remuneration Committee with effect from 28 April 2026. The Board would like to record their appreciation to BG (RET) Lim for his service and contributions during his tenure.

Based on its enquires, the Company's sponsor, UOB Kay Hian Private Limited, is satisfied that, save as disclosed in the announcement, there are no other material reasons for the cessation of BG (RET) Lim as Independent and Non-Executive Chairman 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
14/08/2019
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent and Non-Executive Chairman, chairman of the Nominating Committee and member of the Audit Committee and Remuneration Committee
Role and responsibilities
Non-executive.
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
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
3
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding details
BG(RET) Lim holds 6,666 Ordinary Shares in the Company.
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None.
Other Directorships
Past (for the last 5 years)
Non-Executive Director of Tripod Hospitality Pte Ltd

Non-Executive Director of Tripod Hospitality Ltd (Thailand)

Non-Executive Director of Unicorn Hotels and Resorts Ltd (Thailand)

Non-Executive Director of Unicorn Hospitality Co Ltd (Thailand)

Senior Adviser to Harmony Skin Lab Pte Ltd

Legal Representative and Non-Executive Director of Access World Shanghai

Legal Representative, Chairman and Non-Executive Director of Access World Tonghua

Legal Representative, Chairman and Non-Executive Director of Access World Guangzhou

Independent Adviser to Access World Logistics (Singapore) Pte. Ltd.

Independent Adviser to Royal Maritimo International Pte Ltd

Non-Executive Director of Legend Logistics Pte. Ltd.
Present
Non-Executive Director of Face Bistro Pte Ltd

Non-Executive Director of Eat Drink Sleep Play Pte Ltd

Independent Adviser to Goldbell Corporation Pte. Ltd.

Independent Adviser to Manor Group (Singapore) Pte. Ltd.

President/Adviser of AJJ Health Care Management Pte Ltd

Non-Executive Director of ALPS Pte. Ltd.

Chairman and Non-Executive Director of Jam Hospitality Investments Pte. Ltd.

Independent and Non-Executive Director of Bitdeer Technologies Group

Independent and Non-Executive Director of Vibrant Group Limited