Change - Announcement of Cessation::Cessation of Mr Loy Shiang Chian as Chief Executive Officer of the Company's Subsidiary

Issuer & Securities

Issuer/ Manager
VCPLUS LIMITED
Securities
VCPLUS LIMITED - SG1CG7000002 - 43E
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Dec-2025 18:07:25
Status
New
Announcement Sub Title
Cessation of Mr Loy Shiang Chian as Chief Executive Officer of the Company's Subsidiary
Announcement Reference
SG251205OTHREJKZ
Submitted By (Co./ Ind. Name)
Tang Zhengming
Designation
Executive Chairperson and CEO
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Loy Shiang Chian as Chief Executive Officer of Custody Plus Pte. Ltd., a Subsidiary of the Company.

This announcement has been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 Lance Tan, Senior Vice President, at 83 Clemenceau Avenue #10-01 UE Square Singapore 239920, telephone (65) 6590 6881.

Additional Details

Name of person
Loy Shiang Chian
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date.
19/12/2025
Detailed reason(s) for cessation
Mr Loy Shiang Chian ("Mr Loy") has tendered his resignation due to family commitments.

Based on its enquiries, the Company's sponsor, UOB Kay Hian Private Limited, is satisfied that, save as disclosed in the announcement, there are no other material reasons for the cessation of Mr Loy as Chief Executive Officer ("CEO") of Custody Plus Pte. Ltd. ("Custody Plus").
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
12/03/2025
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
CEO of Custody Plus
Role and responsibilities
Mr Loy was responsible for implementing Custody Plus's business strategies and leading efforts to identify and pursue new business opportunities.
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)
3
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
2
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
Nil
Other Directorships
Past (for the last 5 years)
Nil
Present
Nil