Advanced Holdings Ltd. announced the Retirement of Mr. Lim Boon Cheng as Independent and Non-Executive Chairman. Role And Responsibilities: Duties of an Independent and Non-Executive Chairman, Chairman of the Audit Committee and the Remuneration Committee, and member of the Nominating Committee; Job Title: Independent and Non-Executive Chairman, Chairman of the Audit Committee and the Remuneration Committee, and Member of the Nominating Committee Other DirectorShips Past: Fitzroy Corporate Advisory FGPO (Singapore) Ltd. FG Investors Pte Ltd; Other DirectorShips Present: BBR Holdings (S) Ltd. Design Capital Ltd. AIB MT Fund Asia Pte Ltd; Reason For Cessation: To comply with Rule 406(3)(d)(iv) of the SGX-ST Listing Manual Section B: Rules of Catalist and to facilitate the renewal of Independent Directors on the Board, Mr. Lim Boon Cheng will be stepping down as an Independent and Non-Executive Chairman of the Company with effect from 26 April 2024, and he will concurrently relinquish his position as Chairman of the Audit Committee and the Remuneration Committee, and Member of the Nominating Committee. Based on its enquiries, the Sponsor is satisfied that, saved as disclosed in this announcement, there are no other material reasons for the retirement of Mr. Lim Boon Cheng as an Independent and Non-Executive Chairman of the Company.