Change - Announcement of Cessation::Resignation of Independent 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
25-May-2025 19:48:35
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG250525OTHRMPTV
Submitted By (Co./ Ind. Name)
Irawan Mulyadi
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director - Diaz Faisal Hendropriyono

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, #21-01 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Diaz Faisal Hendropriyono
Age
46
Is effective date of cessation known?
Yes
If yes, please provide the date
23/05/2025
Detailed Reason (s) for cessation
Mr Diaz Faisal Hendropriyono ("Mr Diaz") has tendered his resignation as an Independent Director of the Company with effect from 23 May 2025 in view of his busier schedule following his appointment as Deputy Minister of Environment of Indonesia in October 2024.

Following Mr Diaz's resignation, he will also relinquish his positions as a member of the Audit Committee, Nominating Committee and Remuneration Committee. The Board and the Nominating Committee are cognisant that the Audit Committee will not have the requisite minimum number of members following Mr Diaz's resignation. In view of the requisition notices received on 7 May 2025, the Board has engaged with the requisitioning shareholders and will look to reconstitute the Board Committees following clarity on the resolutions proposed by the requisitioning shareholders.

The Company's Sponsor, SAC Capital Private Limited, after having interviewed Mr Diaz, is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Diaz as Independent Director 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
20/01/2023
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
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.)
1. Independent Director
2. Member of Audit Committee
3. Member of Nominating Committee
4. Member of Remuneration Committee
Role and responsibilities
Indpendent Non-Executive Director
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
Past (for the last 5 years)
1. Member of the Board of Commissioner - PT Telekomunikasi Indonesia (Telkomsel)
2. Member of the Board of Commissioner - PT M Cash Integrasi, Tbk
3. Member of the Board of Commissioner - PT SiCepat Ekspress
Present
1. Member of the Board of Commissioner - PT Pertamina Gas
2. Member of the Board of Commissioner - PT Tripar Multivision Plus Tbk