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| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Apr 22, 2026 23:16 |
| Status | New |
| Announcement Sub Title | Appointment of an Independent Director |
| Announcement Reference | SG260422OTHRNZWH |
| Submitted By (Co./ Ind. Name) | Toh Ker How |
| Designation | Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr Lee Long Chuan as an Independent Director of the Company with effect from 22 April 2026 This announcement has been reviewed by the Company's Sponsor, W Capital Markets Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange"), and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document. The contact person for the Sponsor is Mr Brian Ching at 65 Chulia Street, #43-01, OCBC Centre, Singapore 049513, telephone (65) 6513 3235. |
| Additional Details | |
| Date of appointment | 22/04/2026 |
| Name of person | Lee Long Chuan |
| Age | 36 |
| Country of principal residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | The Nominating Committee ("NC") has recommended the appointment of Lee Long Chuan ("Mr. Lee") as the Non-Executive Independent Director of the Company. After reviewing the recommendation of the NC and Mr. Lee's credentials and experience (as set out below), the Board has confirmed Mr Lee's independence and approved his appointment as a Non-Executive Independent Director of the Company with effect from 22 April 2026. Mr Lee will also be appointed as the Chairman of Audit Committee and a member of the Nominating and Remuneration Committees with effect from 22 April 2026. |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive Independent Director, Chairman of Audit Committee and a Member of Nominating and Remuneration Committees |
| Professional qualifications | 1) Qualified Individual (QI) for Corporate Service Provider (CSP) 2) Public Accountant of Singapore (PA) 3) Chartered Accountant of Singapore (ISCA) 4) Association of Chartered Certified Accountants (ACCA) 5) Bachelor of Science (Honours) in Applied Accounting, Oxford Brookes University, Oxford, England |
| Working experience and occupation(s) during the past 10 years | 1) Cresendo Business Solution Pte. Ltd - December 2025 - Present 2) Prime Accountants LLP - January 2024 - Present 3) Anchorage Assurance (formerly known as DFX Assurance PAC) - December 2021 - December 2023 4) KPMG LLP - June 2021 - December 2021 5) Nexia TS Public Accountant Corporation - September 2018 - June 2021 6) Paul Wan & Co - September 2017- September 2018 7) PSL Holdings Limited - September 2016 - September 2017 8) Mazars LLP (Singapore) - March 2014 - August 2016 |
| Shareholding interest in the listed issuer and its subsidiaries | No |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No |
| Conflict of interest (including any competing business) | No |
| Undertaking (in the format set out in Appendix 7.7 or Appendix 7H) under Mainboard Rule 720(1) or Catalist Rule 720(1) has been submitted to the listed issuer | Yes |
| Other Principal Commitments* Including Directorships# * "Principal Commitments" has the same meaning as defined in the Code of Corporate Governance. # These fields are not applicable for announcements of appointments pursuant to Mainboard Rule 704(9) or Catalist Rule 704(8). |
|
| Past (for the last 5 years) | 1) Anchorage Assurance (formerly known as DFX Assurance PAC) (Struck off) |
| Present | 1) Crescendo Business Solution Pte. Ltd. 2) Oceanspace Pte. Ltd. |
| Information Required Disclose the following matters concerning an appointment of director, chief executive officer, chief financial officer, chief operating officer, general manager or other officer of equivalent rank. If the answer to any question is "yes", full details must be given. (a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? |
No |
| (b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? | No |
| (c) Whether there is any unsatisfied judgment against him? | No |
| (d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose? | No |
| (e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? | No |
| (f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part? | No |
| (g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust? | No |
| (h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? | No |
| (i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? | No |
| (j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of:- | |
| (i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or | No |
| (ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or | No |
| (iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or | No |
| (iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? |
No |
| (k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? | No |
| Disclosure applicable to the appointment of director only. Any prior experience as a director of an issuer listed on the Exchange? |
No |
| If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange. | Will attend the SID course by second half of 2026 ie. July/August 2026. |
| Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable). | Not applicable |