Change - Announcement of Cessation::Resignation of Chief Financial Officer

Issuer & Securities

Issuer/ Manager
PROSPERCAP CORPORATION LIMITED
Securities
PROSPERCAP CORPORATION LTD - SGXE73186327 - PPC
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Jul-2025 22:50:45
Status
New
Announcement Sub Title
Resignation of Chief Financial Officer
Announcement Reference
SG250723OTHR280Y
Submitted By (Co./ Ind. Name)
Iqbal Jumabhoy
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Chief Financial Officer.

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance 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 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 Ms Foo Jien Jieng, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg

Additional Details

Name Of Person
Ooi Chee Eng
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
31/07/2025
Detailed Reason (s) for cessation
Mr Ooi Chee Eng ("Mr Ooi") tendered his resignation as Chief Financial Officer ("CFO") of the Company to pursue other career opportunities. As agreed with him, his last day with the Company will be 31 July 2025.

After having interviewed Mr Ooi and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Ooi as the CFO.

In addition, there are no concerns with regards to financial reporting that led to the cessation of Mr Ooi, and there are no disagreements between Mr Ooi and the Company's Board of Directors with regards to practices that will have an impact on the Company's financial reporting.

The Board would like to extend its appreciation to Mr Ooi for his invaluable contributions to the Company during his tenure.
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
21/04/2025
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
9
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Chief Financial Officer.
Areas of responsibility include Finance and Accounting.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
None
Present
None