Change - Announcement of Cessation::Resignation of Executive Director

Issuer & Securities

Issuer/ Manager
TOTM TECHNOLOGIES LIMITED
Securities
TOTM TECHNOLOGIES LIMITED - SG1BF8000005 - 42F
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Feb-2023 22:12:25
Status
New
Announcement Sub Title
Resignation of Executive Director
Announcement Reference
SG230221OTHRK2JA
Submitted By (Co./ Ind. Name)
Pierre Prunier
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Executive Director of the Board - Ngo Yit Sung

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It 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 Charmian Lim (telephone no.: +65 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Ngo Yit Sung
Age
41
Is effective date of cessation known?
Yes
If yes, please provide the date
01/03/2023
Detailed Reason (s) for cessation
Mr Ngo Yit Sung ("Mr Ngo") was appointed as Executive Director on 15 April 2021 with the responsibility of overseeing the corporate communications, investor relations, and strategic initiatives related to the Group's transformation into the identity management and biometrics space. In view of the Group's successful entry and diversification into the field, Mr Ngo has decided to step down from his position as Executive Director of the Company and instead focus on the Group's investor relations matters. Mr Ngo will be redesignated as Senior Vice President of Investor Relations effectively on 1 March 2023.

The Company's sponsor, SAC Capital Private Limited, after having interviewed Mr Ngo, is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Ngo as Executive Director of the Board 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
15/04/2021
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director of the Board
Role and responsibilities
Mr Ngo was responsible for the Group's overall business development, corporate communications, as well as executing strategic corporate initiatives for the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil.
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
1. Netlink VJ Pte Ltd
2. Solaris Technology Sdn Bhd
3. International Biometrics Pte. Ltd.
Present
Nil