1. CORPORATE GOVERNANCE STATEMENT

The Board of Directors of Advance SCT Group (“ASCT”or the “Group”) is committed to maintaining a high standard of corporate governance within the ASCT Group and adopts practices based on the Code of Corporate Governance (the “Code”) where applicable and practical to the Group. ASCT recognizes the importance of good governance for continued growth and investors' confidence. This statement outlines the main corporate governance practices adopted by the Company.

BOARD MATTERS

The Board's Conduct of Affairs (Principle 1 of the Code)

The Board of Directors leads, supervises, directs and controls the Group's business operations and affairs. The Board's key responsibilities include charting and reviewing the Group's overall business strategy and policies, supervising executive management and reviewing the Group's financial and managerial performance. The executive directors play a very active role in the management of the Group's business activities and formulation of corporate strategies and are also responsible for the day to day operations and administration of the Group.

The Board comprises of the following directors :

Andy Lim
NON EXECUTIVE CHAIRMAN (Appointed on 1 March 2007)

Terence Tea Yeok Kian
GROUP CHIEF EXECUTIVE OFFICER / Executive Director

Samuel Ang King Wee
EXECUTIVE DIRECTOR

Sim Ai Leng (Shen AiLing)
EXECUTIVE DIRECTOR

Wu Shen Kong
INDEPENDENT DIRECTOR

Lee Ai Boon
INDEPENDENT DIRECTOR

Neo Gim Keong
INDEPENDENT DIRECTOR

Neo Gim Keong
INDEPENDENT DIRECTOR (Appointed on 1 March 2008)

Newly appointed directors are briefed by management on the business activities of the Group and its strategic directions. They also have the opportunity to visit the Group's operational facilities to gain better understanding of the Group's business operations. The Board's key responsibilities include charting and reviewing the Group's overall business strategy and policies, supervising executive management and reviewing the Group's financial performance and managerial performance. The following committees assist the Board in the execution of its responsibilities:

(a) the Audit Committee (“AC”);
(b) the Nominating Committee ("NC"); and
(c) the Remuneration Committee ("RC"). (d) the Risk Management Committee ("RMC") (Established on 1 March 2008)

The number of Board meetings and other meetings held during the financial year and the attendances of the directors at these meetings are set below