Change - Announcement of Cessation::Retirement of Independent Director

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
19-Apr-2026 17:16:49
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG260419OTHRE11A
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Giam Ban Ian Giselia ("Ms Giam") as Independent Director 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 for the Sponsor is Mr Lance Tan, Senior Vice President, at 83 Clemenceau Avenue, #10-01 UE Square, Singapore 239920, telephone (65) 6590 6881.

Additional Details

Name of person
Giam Ban Ian Giselia
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date.
27/04/2026
Detailed reason(s) for cessation
Ms Giam will be retiring under Regulation 97 of the Company's constitution at the upcoming annual general meeting of the Company on 27 April 2026 ("AGM"). Ms Giam has decided not to seek for re-election as an Independent Director of the Company due to her increased work commitment. Upon the conclusion of the AGM, she will relinquish her position as chairman of the Audit Committee and member of the Nominating Committee and Remuneration Committee. The Board would like to record their appreciation to Ms Giam for her service and contributions during her 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 retirement of Ms Giam as an Independent Director of the Company.

In view of Ms Giam's cessation, the Board wishes to announce that the Ordinary Resolution No. 4 under the Notice of AGM dated 10 April 2026 in respect of the AGM is no longer applicable and shall accordingly be withdrawn.
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
24/06/2025
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Audit Committee, and Member of the Nominating 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
2
Shareholding interest in the listed issuer and its subsidiaries
No
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)
N.A.
Present
N.A.