Change - Announcement of Cessation::Resignation of Non-Executive and Non-Independent Director

Issuer & Securities

Issuer/ Manager
MM2 ASIA LTD.
Securities
MM2 ASIA LTD. - SG1DC0000006 - 1B0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-Aug-2025 19:46:57
Status
New
Announcement Sub Title
Resignation of Non-Executive and Non-Independent Director
Announcement Reference
SG250819OTHRZUS1
Submitted By (Co./ Ind. Name)
Melvin Ang Wee Chye
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Choo Kee Siong ("Mr Choo") as Non-Executive and Non-Independent Director

Additional Details

Name Of Person
Choo Kee Siong
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
19/08/2025
Detailed Reason (s) for cessation
Heavy work commitments in Mr Choo's main role as CEO of Hildrics Capital and its portfolio of companies.
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
01/08/2025
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Non-Independent Director and member of Remuneration Committee
Role and responsibilities
Non-Executive and Non-Independent Director and member of Remuneration Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Hildrics Asia Media & Entertainment Fund is a convertible bondholder of S$10,000,000 convertible bonds issued by mmLive Pte. Ltd., a subsidiary of the listed issuer. The convertible bonds are convertible to ordinary shares of mmLive Pte. Ltd. upon exercise of conversion right. Hildrics Asia Media & Entertainment Fund is managed by Hildrics Capital Pte. Ltd. on a discretionary basis, and Mr Choo owns 50% equity interest in Hildrics Capital Pte. Ltd.
Other Directorships
Past (for the last 5 years)
1. United Overseas Bank, Singapore
2. Innoven Capital (Singapore)
Present
1. Kim Heng Ltd.
2. Hildrics Capital Pte. Ltd.
3. Hildrics Asia Growth Fund VCC
4. HAGF Investment (I) Pte. Ltd.
5. HAGF Investment (II) Pte. Ltd.
6. HAGF Investment (III) Pte. Ltd.
7. Adera Global Smart Tech Pte. Ltd.
8. SMCH International Pte. Ltd.
9. mmLive Pte. Ltd.
10. Adera AI Pte. Ltd.
11. Datapost Pte. Ltd.
12. Novation Solutions Limited
13. GIIB Holdings Berhad
14. DP Digibill Sdn. Bhd.