Change - Announcement of Cessation::Cessation of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
H2G GREEN LIMITED
Securities
H2G GREEN LIMITED - SG1I98885227 - 5AI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-May-2026 12:19:22
Status
New
Announcement Sub Title
Cessation of Chief Executive Officer
Announcement Reference
SG260504OTHR2C7G
Submitted By (Co./ Ind. Name)
Leow Sau Wan
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Executive Officer - Mr. Pek Hak Bin

This announcement has been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr. Joseph Au at 36 Robinson Road, #10-06 City House, Singapore 068877, Email: sponsor@rhtgoc.com.

Additional Details

Name of person
Pek Hak Bin
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date.
31/05/2026
Detailed reason(s) for cessation
The Board of Directors ("Board") of H2G Green Limited (the "Company", together with its subsidiaries, collectively the "Group") wishes to announce that Mr. Pek Hak Bin ("Mr. Pek") will conclude his tenure as the Chief Executive Officer ("CEO") of the Company on 31 May 2026.

Mr. Pek assumed the role as CEO of the Company on 1 June 2025 to provide strategic vision and operational expertise during a key period of development of the Group. Having facilitated the Group's transition towards its next stage of growth, Mr. Pek does not wish to seek renewal of his tenure following the completion of the one-year term stipulated in his service agreement. The conclusion of Mr. Pek's tenure also coincides with the Group's transition into its next phase of strategic development, as the Board reviews and recalibrates the Group's business priorities in its core business areas.

To ensure a smooth and orderly transition of responsibilities, Mr. Pek will continue in his current role until his last day of service. The Board expresses its appreciation to Mr. Pek for his leadership and contributions during this pivotal year. The Company will be assessing suitable candidates to fill the vacancy of CEO and an announcement will be made as and when appropriate.

Based on its enquiries and to the best of its knowledge, the Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the departure of Mr. Pek as the CEO 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
01/06/2025
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer
Role and responsibilities
Executive. Mr. Pek is responsible for the overall performance, strategic direction, and business development of the Group.
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
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
1
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding details
Mr. Pek holds 72,748,405 share options under the Company's Employee Share Option Scheme 2023.
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No.
Other Directorships
Past (for the last 5 years)
1. Hillrise Resources Pte. Ltd.
2. Lionsgate Technology Group Pte. Ltd.
3. Sagana Collection Global Properties Pte. Ltd.
4. Tayrona Bay Pte. Ltd.
5. Tayrona Capital Financial Group Pte. Ltd.
6. Tayrona Financial Limited
7. Tayrona Financial Pte. Ltd.
8. Tayrona Futbol Holdings Pte. Ltd.
9. Tayrona Krabey Investments Pte. Ltd.
10. Tayrona Pacific Star Freeport Pte. Ltd.
11. Tayrona Pacific Star Pre Fund Pte. Ltd.
12. Tayrona Pacific Star GHF Pte. Ltd.
13. Tayrona Pacific Star Pte. Ltd.
14. Tayrona Puteri Investments Pte. Ltd.
15. PEC Pte. Ltd. (previously PEC Ltd.)
Present
Directorship:
1. United Petroleum International Holdings Pte. Ltd.
2. YMCA of Singapore

Principal Commitment:
United Petroleum International Holdings Pte. Ltd.