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
08-Jun-2015 07:55:43
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG150608OTHRLI8R
Submitted By (Co./ Ind. Name)
Benny Lim
Designation
President
Effective Date and Time of the event
08/06/2015 07:55:00
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr. Attlee Hue Kuan Yew as an Independent Director, RC Chairman, AC and NC member of the Company.

Additional Details

Name Of Person
Attlee Hue Kuan Yew
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
08/06/2015
Detailed Reason (s) for cessation
Mr Hue has decided to resign to undertake new ventures which would require his involvement and time.
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
09/11/2009
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, RC Chairman, AC and NC member
Role and responsibilities
Assumed the roles and responsibilities of an Independent Director, Remuneration Committee Chairman, member of Audit and Nominating 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)
Rick's F&B Ventures Pte. Ltd.
Present
Asiasons WFG Capital Pte. Ltd.
AsiaEquity Partners Pte. Ltd.
Asiasons Consumer Ventures
Pte. Ltd.
Attilan Group Limited
Digimatic Group Ltd.
Ng Chong & Hue LLC
Tap Private Equity Pte. Ltd.
Tap Venture Fund I Pte. Ltd.
Tymely Corporate Services Pte
Ltd