Change - Announcement of Cessation::Resignation of Executive Director

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
01-Jul-2026 22:30:48
Status
New
Announcement Sub Title
Resignation of Executive Director
Announcement Reference
SG260701OTHRVKDA
Submitted By (Co./ Ind. Name)
Leow Sau Wan
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Executive Director - Mr. Kwan Yau-Shing Sydney

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
Kwan Yau-Shing Sydney
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date.
01/07/2026
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 following the completion of the disposal of the Company's entire shareholding in Green Energy Investment Holding Private Limited ("GEIH") to RD Property Holdings Pte. Ltd. ("RD") on 1 July 2026 pursuant to the acquisition by RD of all the shares in GEIH held by the Company (the "RD Buyout"), as approved by shareholders at the Company's Extraordinary General Meeting held on 16 April 2026, GEIH has ceased to be a subsidiary of the Company.

Accordingly, as Mr. Kwan Yau-Shing Sydney ("Mr. Sydney Kwan") was appointed as an Executive Director of the Company in his capacity overseeing the Group's Energy Business segment through GEIH, and given that GEIH has ceased to be a subsidiary of the Company, Mr. Sydney Kwan has resigned as an Executive Director of the Company with effect from 1 July 2026, being the date of completion of the RD Buyout, with his notice period with the Company being waived in these circumstances. Further details relating to the completion of RD Buyout are set out in the Company's announcement dated 1 July 2026.

The Board expresses its appreciation to Mr. Sydney Kwan for his contributions and dedication to the Company during his tenure, in particular his efforts in the Group's hydrogen and green energy initiatives through GEIH.

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. Sydney Kwan as an Executive 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
22/08/2024
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Executive. Mr. Sydney Kwan is responsible for overseeing the Group's Energy Business segment.
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. Sydney Kwan holds a call option to exercise up to 198 Class A Preference Shares in Green Energy Investment Holding Private Limited.
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)
Nil
Present
1. Green Energy Investment Holding Private Limited (Executive)
2. T T J Greenfuel Pte. Ltd. (Non-Executive)
3. Proton Power, Inc. (Non-Executive)