ASTI Holdings Limited announced announce that on 29 February 2024, an application was made by the Company to the Singapore Exchange Regulation for an extension of time until 31 July 2024 ("Application for Extension") to announce its unaudited financial statements for the six months and full year ended 31 December 2023. In accordance with Rule 705(1) of the Listing Manual of the Singapore Exchange Securities Trading Limited, an issuer must announce the financial statements for the full financial year immediately after the figures are available, but in any event not later than 60 days after the relevant financial period. As such, the Company is required to announce its financial statements for fiscal year 2023 by 29 February 2024. As announced on 15 and 16 January 2024, the previous board of Directors, including Mr. Anthony Loh, the Acting Chief Executive Officer cum Chief Financial Officer, had voluntarily resigned from their positions. In their place, Mr. Ng Yew Nam, Mr. Soh Pock Kheng, Mr. Raymond Lam Kuo Wei, Mr. Chow Wai San and Mr. Yap Alvin Tsok Sein have been appointed as Directors of the Company
(collectively known as the "New Board"). The New Board will need more time to ensure the accuracy and completeness of the financial statements before publication. In light of these circumstances, the Company has applied to SGX RegCo for an extension of time of up to 31 July 2024 to announce its unaudited financial statements for fiscal year 2023.