Change - Announcement of Cessation::Cessation of Chief Financial Officer - Yip Chun On

Issuer & Securities

Issuer/ Manager
SINOCLOUD GROUP LIMITED
Securities
SINOCLOUD GRP LIMITED - BMG8191N2038 - LYY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Feb-2026 08:44:20
Status
New
Announcement Sub Title
Cessation of Chief Financial Officer - Yip Chun On
Announcement Reference
SG260216OTHRG0HO
Submitted By (Co./ Ind. Name)
Chan Andrew Wai Man
Designation
Chairman
Effective Date and Time of the event
05/02/2026 09:28:00
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by SinoCloud Group Limited (the "Company") and its contents have been reviewed by the Company's board.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness or any of the statements or opinions made or reports contained in this announcement

Additional Details

Name of person
Yip Chun On
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date.
05/02/2026
Detailed reason(s) for cessation
Mr Yip Chun On ("Mr Yip") had, on 5th Feb 2026 tendered his resignation as Chief Financial Officer ("CFO") of the Company. With the agreement of the board of directors of the Company, Mr Yip's last day with the Company will be 5th Feb 2026. Mr Yip has resigned due to long outstanding salaries The duties of the CFO will be undertaken by our financial advisor, Mr Choy Wait Kit, Rick, while the Company search for a suitable candidate to replace Mr Yip as the CFO
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?
Yes
If yes, please elaborate.
Company owed Mr Yip salaries over a year since January 2025, total outstanding salaries is HK$724,814.29. Having discussed with Company director, Mr. Justin Lam, Company is facing financial difficulties and is unable to settle all outstanding salaries. Mr Yip has agreed to a settlement plan split into 5 instalments. Company has signed a separate settlement agreement with Mr Yip today.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of appointment to current position
02/11/2021
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Mr. Yip was responsible for the overall financial management of the Company and the Group including accounting, treasury, risk management and governance framework.
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)
0
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
0
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)
- China Nature Energy Technology Holdings Limited
- Superland Group Holdings limited
Present
Nil