Change - Announcement of Cessation::RESIGNATION OF NON-EXECUTIVE INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
OXPAY FINANCIAL LIMITED
Securities
OXPAY FINANCIAL LIMITED - SGXE15822534 - TVV
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Jul-2026 19:28:56
Status
New
Announcement Sub Title
RESIGNATION OF NON-EXECUTIVE INDEPENDENT DIRECTOR
Announcement Reference
SG260713OTHRDOG1
Submitted By (Co./ Ind. Name)
Chin Mun Chung
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Executive Independent Director - Yee Kee Shian, Leon ("Mr Leon Yee")

This announcement has been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor").

This announcement 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. Goh Mei Xian, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name of person
Yee Kee Shian, Leon
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date.
18/07/2026
Detailed reason(s) for cessation
Mr Leon Yee tendered his resignation as a Director on 10 July 2026 after reviewing his existing board commitments so as to devote his attention to his increasing professional commitments. Following his resignation, Mr Leon Yee will relinquish his roles as the Chairman of the Nominating Committee and as a member of the Audit and Remuneration Committees.

After having interviewed Mr Leon Yee and to the best of its knowledge, the Company's Sponsor, ZICO Capital Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for Mr Leon Yee's resignation.

The resignation of Mr Leon Yee as a Director will render (i) the number of independent director(s) to comprise less than one-third of the Board; and (ii) the Audit Committee of the Company to have less than three members. The Company is aware of the requirements under Section 201B of the Companies Act 1967 of Singapore, Rule 406(3)(c) and Rule 704(7) of the Catalist Rules and the Code of Corporate Governance 2018, and will endeavour to fill the vacancy within two months, but in any case no later than three months. The Board is actively identifying and will appoint a new non-executive independent director in place of Mr Leon Yee and will make the necessary announcement when practicable.

The Board would like to thank Mr Leon Yee for his invaluable contribution during his tenure with 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
27/11/2023
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director, Chairman of the Nominating Committee and member of the Audit Committee and Remuneration Committee
Role and responsibilities
Assumed the roles and responsibilities of Non-Executive Independent Director, Chairman of the Nominating Committee and member of the Audit Committee and Remuneration Committee
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
2
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)
Char Yong (Dabu) Foundation Limited
FJ Benjamin Holdings Ltd
Milkyway International Tank Transportation (Holdings) Pte. Ltd. (formerly known as LHN
Logistics Pte. Ltd.)
Present
2737 Lavender Pte. Ltd.
Oxley Holdings Limited
TEHO International Inc Ltd.
Yangzijiang Shipbuilding (Holdings) Ltd.
Yangzijiang Financial Holding Ltd.
Caelius Pte. Ltd.
Cambridge Alliance Capital Pte. Ltd.
Cambridge Alliance Consultancy Pte. Ltd. (formerly known as Cambridge Alliance Fund No. 1 Pte. Ltd.)
Christ's College, Cambridge Fund (Singapore) Limited
Ladderman Limited
Ladderman (HK) Limited
SJI2737 Pte. Ltd.
St. Joseph's Institution Philanthropic Fund For the Lasallian Mission Ltd.
Victory Wellness Pte. Ltd.
The Lasallian Trust of Singapore Ltd.
Selvam LLC
Duane Morris & Selvam Pty Ltd
Duane Morris & Selvam LLP