Change - Announcement of Cessation::Resignation of Independent Non-Executive Director - Leow Chan Khiang

Issuer & Securities

Issuer/ Manager
LMS COMPLIANCE LTD.
Securities
LMS COMPLIANCE LTD. - SGXE55274299 - LMS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-Mar-2026 22:46:05
Status
New
Announcement Sub Title
Resignation of Independent Non-Executive Director - Leow Chan Khiang
Announcement Reference
SG260319OTHRFFB1
Submitted By (Co./ Ind. Name)
Ooi Shu Geok
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, RHT Capital 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 Mr. Mah How Soon at 36 Robinson Road, #10-06, City House, Singapore 068877 Email: sponsor@rhtgoc.com.

Additional Details

Name of person
Leow Chan Khiang
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date.
19/03/2026
Detailed reason(s) for cessation
Mr Leow Chan Khiang ("Mr Leow") has tendered his resignation as an Independent Non-Executive Director of the Company with effect from 19 March 2026, to focus on his personal commitments ("Resignation"). Following the Resignation, Mr Leow will also cease to be the Chairman of the Remuneration Committee ("RC"), and a member of the Audit Committee ("AC") and Nominating Committee ("NC").

In view of the Resignation, the Board will fall below the minimum of two independent directors as required under Rule 406(3)(c) of the SGX-ST Listing Manual Section B: Rules of Catalist ("Catalist Rules"). Additionally, each of the AC, NC, and RC will fall below the minimum of three directors as required under the Code of Corporate Governance 2018.

The Company is also cognizant of Rule 704(7) of the Catalist Rules, which states that in the event of any cessation which renders the AC unable to meet the minimum number (not less than three), the issuer should endeavour to fill the vacancy within two months, but in any case not later than three months.

The Company will be sourcing for a new Independent Director to fill the aforementioned vacancies to ensure compliance with the provisions of the Code of Corporate Governance 2018 and the Catalist Rules, and will provide shareholders with further updates on the matter in due course.

After having interviewed Mr Leow, and to the best of its knowledge, the Company's sponsor, RHT Capital Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the Resignation of Mr Leow.
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
02/05/2025
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of the RC and member of the AC and NC.
Role and responsibilities
Assumed the roles and responsibilities of the Independent Non-Executive Director, Chairman of the RC and member of the AC and NC.
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)
1
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
3
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
None
Other Directorships
Past (for the last 5 years)
Directorship:-
1.) SLP Resources Berhad
2.) Ni Hsin Group Berhad
3.) Iconic Worldwide Berhad
4.) Bino Confectionary Sdn. Bhd.
5.) Salutica Berhad

Other Principal Commitments:-
1.) Nil
Present
Directorship:-
1.) Tek Seng Holdings Berhad
2.) Haritage Brands Sdn. Bhd.
3.) Loong Nam (1928) Sdn. Bhd.
4.) Leowin Capital Sdn. Bhd.

Other Principal Commitments:-
1.) Haritage Brands Sdn. Bhd.
2.) Loong Nam (1928) Sdn. Bhd.
3.) Leowin Capital Sdn. Bhd.