Change - Announcement of Cessation::RETIREMENT OF LEAD INDEPENDENT DIRECTOR AT ANNUAL GENERAL MEETING

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
25-Apr-2017 19:27:17
Status
New
Announcement Sub Title
RETIREMENT OF LEAD INDEPENDENT DIRECTOR AT ANNUAL GENERAL MEETING
Announcement Reference
SG170425OTHRNR95
Submitted By (Co./ Ind. Name)
Simon Eng
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr. Mark Leong Kei Wei as a Lead Independent Director of the Company at the Company's Thirteenth Annual General Meeting.

Additional Details

Name Of Person
Mark Leong Kei Wei
Age
40
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2017
Detailed Reason (s) for cessation
Mr Leong will not be seeking re-election as director at the Company's forthcoming Annual General Meeting scheduled to be held on 26 April 2017 to focus on other overseas commitments. Mr Leong will accordingly retire as a director of the Company at the conclusion of the said Annual General Meeting.
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
15/08/2016
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, AC Chairman, NC member and RC member.
Role and responsibilities
Assumed the roles and responsibilities of an Independent Director, Audit Committee Chairman and a member of the Remuneration and Nominating Committees
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Deemed interested in 500,000 ordinary shares held by spouse, Yeo Sze Woan Debbie
Past (for the last 5 years)
Atos Wellness Ltd
Cosmo Consortium Pte Ltd
Cosmo Real Estate Pte Ltd
Pulai Mining Sdn Bhd
Present
Avalon Partners Pte Ltd
Top Mining Ltd
East Indonesia Mining Pte Ltd
PT Selatan Arc Mineral
T8 Investments Pte Ltd