Karachi: Avanceon Limited has confirmed the re-appointment of its key leadership, according to an announcement made on May 29, 2026. This decision follows the company's recent election of directors, which took place during the Annual General Meeting on May 23, 2026.

Mr. Khalid Hamid Wain has been re-appointed as the Chairman of the Board of Directors of Avanceon Limited. This appointment aligns with Section 192 of the Companies Act, 2017, and is set for a three-year term starting May 29, 2026. This decision plays a significant role in stabilizing the company's leadership structure for the coming years.

In addition, Mr. Bakhtiar Hameed Wain will continue his role as Chief Executive Officer of the company. His re-appointment is in accordance with Section 187 of the Companies Act, 2017, and will also extend for a three-year term beginning on the same date.

According to information available from the Pakistan Stock Exchange (PSX), these appointments are part of the company's compliance with Section 96 and 131 of the Securities Act, 2015, and Clause 5.6.1(a)(xii) of the Rule Book of the Pakistan Stock Exchange Limited. This ensures that all procedural and regulatory requirements are met.

The announcement was made to keep the TRE Certificate Holders of the Exchange informed, as Avanceon Limited continues to adhere to its obligations within the designated market category.