Change - Announcement of Cessation::Retirement of Non-Executive Chairman and Lead Independent Director

Issuer & Securities

Issuer/ Manager
SAMURAI 2K AEROSOL LIMITED
Securities
SAMURAI 2K AEROSOL LTD - SGXE31436269 - Y8E
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Jul-2026 08:10:53
Status
New
Announcement Sub Title
Retirement of Non-Executive Chairman and Lead Independent Director
Announcement Reference
SG260714OTHRRZ1A
Submitted By (Co./ Ind. Name)
Ong Yoke En
Designation
Executive Director & Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Lim Siang Kai ("Mr Lim") as Non-Executive Chairman and Lead Independent Director.

This announcement has been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 Mr Lance Tan, Senior Vice President, at 83 Clemenceau Avenue, #10-01 UE Square Singapore 239920, telephone (65) 6590 6881.

Additional Details

Name of person
Lim Siang Kai
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date.
29/07/2026
Detailed reason(s) for cessation
Mr Lim has served as Non-Executive Chairman and Lead Independent Director of the Company for an aggregate period of more than 9 years. As part of the Board renewal process and to comply with Rule 406(3)(d)(iv), Mr Lim will retire upon the conclusion of the forthcoming annual general meeting ("AGM"), and will relinquish his position as Chairman of Audit and Risk Committee ("ARC") and members of Nominating Committee and Remuneration Committee.

The Board would like to express its gratitude towards Mr Lim for his valuable contributions to the Company during his tenure of service.

With the retirement of Mr Lim at the conclusion of the AGM, the ARC will fall below the minimum requirement of three members. The Company is cognizant of and will ensure compliance with the Catalist Rules and Code of Corporate Governance in matters relating to the composition of Board and Board Committee.

Based on its enquiries, the Company's Sponsor, UOB Kay Hian Private Limited, is satisfied that, save as disclosed in the announcement, there is no other material reasons for the retirement of Mr Lim as Non-Executive Chairman and Lead 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
03/10/2016
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director
Chairman, Audit & Risk Committee
Member, Remuneration Committee
Member, Nominating Committee
Role and responsibilities
Non-Executive Director
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
1
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)
Beijing Blue Sky Power Holdings Limited

Joyas International Holdings Limited

D'nonce Technologies Bhd

ISDN Holdings Limited
Present
Nil