Announcement Title Change - Announcement of Cessation
Announcement Subtitle Announcement of Cessation of Chief Operating Officer/ Executive Director
Securities ADVANCED HOLDINGS LTD. (ADVAHLD)
Date & Time of Broadcast Feb 4, 2015 18:15
Submitted By ONG BENG HONG
COMPANY SECRETARY
Description Cessation of Mr Axron Lim Gwee Koon as the Chief Operating Officer and an Executive Director of the Company.

Mr Axron Lim Gwee Koon was appointed as the Chief Operating Officer of the Company on 1 July 2008 and an Executive Director of the Company on 19 February 2009.

On the effective date of cessation, Mr Axron Lim Gwee Koon will also cease his present directorship in the Advanced Holding Ltd Group of Companies as listed in Appendix 1.
Cessation Details
Name of person Axron Lim Gwee Koon
Age 51
Is effective date of cessation known? Yes
Effective date for cessation Mar 2, 2015
Detailed reason(s) for cessation Resigned to pursue other personal interest.
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 Jul 1, 2008
Does the AC have a minimum of 3 members (taking into account this cessation)? Yes
Number of independent directors currently resident in Singapore (taking this 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 Executive Director and Chief Operating Officer.
Role and responsibilities His area of responsibilities include the following:-
- Management and all financial and corporate development aspects of the Company, including corporate, financial and business strategies, financial reporting, human resources and administration support of operations.
- Appointment also includes overseeing investor relations and merger & acquisition activities of the Group.
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries No
Shareholdings interest in the listed issuer and its subsidaries? Yes
Shareholding Details 205,000 shares in Advanced Holdings Ltd
Other directorships
Past (for the last 5 years) Please refer to Appendix 1
Present Please refer to Appendix 1

Attachments

  1. Appendix 1 (Size: 12,853 bytes)
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