Change - Announcement of Cessation::Resignation of Lead Independent Director - Mr Sim Mong Keang

Issuer & Securities

Issuer/ Manager
META HEALTH LIMITED
Securities
META HEALTH LIMITED - SG1O81915033 - 5DX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Jun-2026 20:52:48
Status
New
Announcement Sub Title
Resignation of Lead Independent Director - Mr Sim Mong Keang
Announcement Reference
SG260615OTHR4X9S
Submitted By (Co./ Ind. Name)
Gwendolin Lee Soo Fern
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Sim Mong Keang as Lead Independent Director, Chairman of the Audit Committee and the Nominating Committee, as well as a member of the Remuneration Committee of Meta Health Limited ("Company").

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 Lim Hui Zheng, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone: (65) 6636 4201.

Additional Details

Name of person
Sim Mong Keang
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date.
01/08/2026
Detailed reason(s) for cessation
Following his acceptance of two additional directorship appointments, Mr Sim Mong Keang ("Mr Sim") has reviewed his existing board commitments and decided to step down from the board of directors of the Company (the "Board" or "Directors") in order to effectively manage his overall directorship responsibilities and devote sufficient time to his various appointments. Mr Sim has confirmed that there are no unresolved differences in opinion or disagreements with the Board and that there are no matters relating to the affairs of the Company or the Group, including any corporate governance, internal controls or compliance matters, which led to his resignation.

Following Mr Sim's resignation as a Director of the Company, he will relinquish his roles as the Lead Independent Director, Chairman of the Audit Committee and the Nominating Committee, as well as a member of the Remuneration Committee.

The Company is cognisant of the requirements under Section 201B of the Companies Act 1967, Rule 704(7) of the Catalist Rules and the Code of Corporate Governance 2018. The Company is in the process of identifying and evaluating a suitable candidate for appointment as an Independent Director to fill the vacancy arising from Mr Sim's resignation and will endeavour to make the appointment within two (2) months, and in any event not later than three (3) months from the effective date of Mr Sim's cessation, to ensure compliance with the relevant requirements.

After having interviewed Mr Sim 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 Mr Sim's resignation as the 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
01/08/2024
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of the Audit Committee and the Nominating Committee, as well as a member of the Remuneration Committee.
Role and responsibilities
Assumes the roles and responsibilities of the Lead Independent Director, Chairman of the Audit Committee and the Nominating Committee, as well as a member of the 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)?
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
Direct interest: 502,598 ordinary shares in the Company as at the date of this announcement.
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)
ZACD Group Ltd.
Boldtek Holdings Limited
Trans-Cab Holdings Ltd.
Doxa Holdings International Pte. Ltd.
K2C Capital Pte. Ltd.
Legend Property Private Limited
Oden Technology Pte. Ltd. (struck off)
HomesToLife Ltd
Achieva Tech Allianz Pte. Ltd.
Present
Listed Entities:

Global Invacom Group Limited
Serial Achieva Limited
USP Group Limited (Under Judicial Management)

Non-Listed Entities:

I2 Capital Pte. Ltd.
Maximus Fortune Pte. Ltd.
CESK Capital Pte. Ltd.
FSK Advisory Pte. Ltd.
Chao Dao Ventures Pte. Ltd.
Achieva Technology Sdn Bhd
Achieva Digital (Thailand) Company Limited
Achieva Digital Pte. Ltd.
Achieva Cloud Services Pte. Ltd.