The Board of Director of Advanced Holdings Ltd. took a note of the retirement of Mr. Lim Boon Cheng and Dr. Ho Choon Hou as Independent and Non-Executive Directors with effect from 26 April 2024. Following Mr. Lim Boon Cheng's retirement, he has concurrently relinquished his position as Independent and Non-Executive Chairman of the Board, Chairman of the Audit Committee and the Remuneration Committee, and member of the Nominating Committee. Following Dr. Ho Choon Hou's retirement, he has concurrently relinquished his position as Chairman of the Nominating Committee, and member of the Audit Committee and Remuneration Committee.

Following the retirement of Mr. Lim Boon Cheng's as Independent and Non-Executive Chairman of the Board, the Board has re-designated BG (RET) Lim Yeow Beng as the Independent and Non-Executive Chairman with effect from 26 April 2024 after the conclusion of the AGM. Following his re-designation, BG (RET) Lim Yeow Beng will also be the Chairman of the Nominating Committee, and member of the Audit Committee and Remuneration Committee. The Board considers BG (RET) Lim Yeow Beng to be independent for the purposes of Rule 704(7) of the Catalist Rules.

Following the above changes, the composition of the Board and the Board Committees of the Company shall be reconstituted as follows with effect from 29 April 2024: Board: BG (RET) Lim Yeow Beng (Independent and Non-Executive Chairman), Dr. Wong Kar King (Managing Director), Ms. Tay Bee Gek Dorriz (Executive Director), Mr. Danny Lien Chong Tuan (Independent Director), Ms. Celia Rusli (Independent Director), and Mr. Ang Meng Hai Markus David (Non-Executive Director). Audit Committee: Ms. Celia Rusli (Chairman), BG (RET) Lim Yeow Beng (Member), and Mr. Danny Lien Chong Tuan (Member). Nominating Committee: BG (RET) Lim Yeow Beng (Chairman), Mr. Danny Lien Chong Tuan (Member), and Ms. Celia Rusli (Member).

Remuneration Committee: Mr. Danny Lien Chong Tuan (Chairman), BG (RET) Lim Yeow Beng (Member), Ms. Celia Rusli (Member), and Mr. Ang Meng Hai Markus David (Member).