Change - Announcement of Cessation::Cessation as Non-Independent Non-Executive Director (Ms. Shweta Nandy)

Issuer & Securities

Issuer/ Manager
ZICO HOLDINGS INC.
Securities
ZICO HOLDINGS INC. - MYA007968003 - 40W
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Mar-2025 17:59:08
Status
New
Announcement Sub Title
Cessation as Non-Independent Non-Executive Director (Ms. Shweta Nandy)
Announcement Reference
SG250305OTHR71SD
Submitted By (Co./ Ind. Name)
Datuk Ng Hock Heng
Designation
Group Chief Executive Officer
Effective Date and Time of the event
28/04/2025 17:00:00
Description (Please provide a detailed description of the event in the box below)
Retirement of Ms Shweta Nandy as the Non-Independent Non-Executive Director of the Company.

This announcement has been prepared by ZICO Holdings Inc. (the "Company") and reviewed by Novus Corporate Finance Pte. Ltd. (the "Sponsor"), in compliance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement.

The contact person for the Sponsor is Mr Andrew Leo, Chief Executive Officer, at 7 Temasek Boulevard, #04-02 Suntec Tower 1, Singapore 038987, telephone (65) 6950 2188.

Additional Details

Name Of Person
Shweta Nandy
Age
30
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2025
Detailed Reason (s) for cessation
Ms. Shweta Nandy will retire by rotation pursuant to Article 97 of the Company's Constitution and will not seek re-election as a Director at the Company's upcoming Annual General Meeting on 28 April 2025, to focus on other work commitments. Accordingly, Ms. Shweta Nandy will relinquish her positions as member of the Audit and Risk Committee, Remuneration Committee and Nominating Committee.

The Board of Directors express their gratitude and appreciation to Ms.Shweta Nandy for her contributions during her tenure as the director of the Company in the past year.

The Company is in the process of identifying suitable candidates to fill the vacancies as a result of Ms. Shweta Nandy's upcoming retirement, and will make the appropriate announcements to update shareholders in due course.

The Sponsor, after having interviewed Ms.Shweta Nandy and to the best of its knowledge, is satisfied that other than as disclosed in the announcement, there is no other material reason for the retirement of Ms. Shweta Nandy as a Director of the Company.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
08/04/2024
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Director
Member of Audit and Risk Committee
Member of Nominating Committee
Member of Remuneration Committee
Role and responsibilities
Non-Independent Non-Executive Director
Member of Audit and Risk Committee
Member of Nominating Committee
Member of Remuneration Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Spouse of the managing director of ZICO Trust (M) Berhad (an associate company of the Company)
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
Platinum Trustee Berhad (now known as ZICO Trust (M) Berhad)
Present
Manor Capital Sdn Bhd

Turiya Bhd