Change - Announcement of Cessation::Resignation of Non-Executive, Non-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
12-May-2016 17:20:19
Status
New
Announcement Sub Title
Resignation of Non-Executive, Non-Independent Director
Announcement Reference
SG160512OTHR9T0I
Submitted By (Co./ Ind. Name)
Simon Eng
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr. Zhang Baoan as a Non-Executive, Non-Independent Director and Vice Chairman of the Company.

Additional Details

Name Of Person
Zhang Baoan
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
12/05/2016
Detailed Reason (s) for cessation
Mr Zhang has resigned as part of the ongoing corporate restructuring of the company. Following his resignation, Mr Zhang also ceases to be a member of the Nominating 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
01/09/2014
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
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive, Non-Independent Director, NC member and Vice Chairman of the Company.
Role and responsibilities
Assumed the roles and responsibilities of a Non-executive Director, and a member of the Nomination Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Deemed interested in 1,348,495,104 shares held by Fort Canning Asia Pte Ltd.
Past (for the last 5 years)
NIL
Present
Xingang Power Investments Ltd
United Power Corporation Pte Ltd