Change - Announcement of Cessation::RESIGNATION OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER

Issuer & Securities

Issuer/ Manager
OXPAY FINANCIAL LIMITED
Securities
OXPAY FINANCIAL LIMITED - SGXE15822534 - TVV
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Apr-2025 19:57:06
Status
New
Announcement Sub Title
RESIGNATION OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER
Announcement Reference
SG250402OTHRJWRM
Submitted By (Co./ Ind. Name)
Ching Chiat Kwong
Designation
Non-Executive Non-Independent Chairman
Description (Please provide a detailed description of the event in the box below)
Resignation of Executive Director and Chief Executive Officer - Yick Li Tsin.

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. Goh Mei Xian, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Yick Li Tsin
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2025
Detailed Reason (s) for cessation
In view of the proposed reorganisation of the Group, Mr Yick has expressed his intention to resign as Executive Director and Chief Executive Officer.

After having interviewed Mr Yick and to the best of its knowledge, the Company's Sponsor, ZICO Capital Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for Mr Yick's resignation.

The Company is in the midst of confirming a potential candidate for the role of Executive Director and Chief Executive Officer and will make the necessary announcement when practicable.
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
31/01/2024
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
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer
Role and responsibilities
Responsible for the overall strategic direction and development of the Company and its subsidiaries (the "Group") as well as for overseeing the marketing efforts and the technical operations of the Group.
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
Other Directorships
Past (for the last 5 years)
Shenzhou Anfu Singapore Technology Pte. Ltd.
Solid Victory Pte. Ltd. (struck off)
Xin Holdings Pte. Ltd. (struck off)
Present
Asia Lumina Capital Pte. Ltd.
Concept One Communications LLP (Partner/Manager)
OxPay Financial Limited
OxPay Global Venture Pte. Ltd.
OxPay Investment Pte. Ltd.
OxPay Solutions Pte. Ltd.
Ffastpay Pte. Ltd.