Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
SDAI LIMITED
Securities
SDAI LIMITED - SG2D45972171 - 5TI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Apr-2026 07:24:12
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG260415OTHR6MB4
Submitted By (Co./ Ind. Name)
Tan Swee Gek
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Tan Meng Shern ("Mr Tan") as Independent Director of SDAI Limited (the "Company", and together with its subsidiaries, the "Group").

This announcement has been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 Ms Yang Zhenni, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06- 03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name of person
Tan Meng Shern
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date.
30/04/2026
Detailed reason(s) for cessation
As part of the Company's transformation into the biotechnology business, Mr Tan Meng Shern ("Mr Tan") has decided not to seek for re-election and therefore will retire after the conclusion of the forthcoming Annual General Meeting of the Company to allow the Company to bring in a new director with different skills and perspectives.

Following Mr Tan's retirement, he will cease to be the Chairman of the Nominating Committee as well as a member of the Audit Committee, Board Risk Committee and the Remuneration Committee.

The Board will commence the process of identifying a suitable replacement in due course, consistent with its succession and renewal framework. To meet the requirements set out in Rule 704(7) of the Catalist Rules and section 201(B) of the Companies Act 1967 of Singapore with regard to the number of members of the Audit Committee, and to comply with the relevant principles and provisions of the Code of Corporate Governance 2018 with regard to, inter alia, the composition of the Board and the respective Board Committees, the Board and the Nominating Committee will endeavour to fill the vacancies of the Board and the Board Committees, including the Audit Committee, within two (2) months, but in any case not later than three (3) months from 30 April 2026.

Having interviewed Mr Tan, the Company's Sponsor, Zico Capital Pte. Ltd., is satisfied, to the best of its knowledge, that save as disclosed in this announcement, there are no other material reasons for the Retirement of Mr Tan.
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
26/06/2023
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Nominating Committee as well as member of Audit Committee, Board Risk Committee and Remuneration Committee
Role and responsibilities
Non-executive
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)
2
Do independent directors make up at least one-third of the board (taking into account this cessation)?
No
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
1
Shareholding interest in the listed issuer and its subsidiaries
No
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Other Directorships
Past (for the last 5 years)
Nil
Present
Nil