Change - Announcement of Cessation::Cessation of Executive Director of the Insurtech Business Segment

Issuer & Securities

Issuer/ Manager
V2Y CORPORATION LTD.
Securities
V2Y CORPORATION LTD. - SGXE31442804 - V2Y
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Jan-2022 18:28:55
Status
New
Announcement Sub Title
Cessation of Executive Director of the Insurtech Business Segment
Announcement Reference
SG220113OTHRMGB5
Submitted By (Co./ Ind. Name)
Ong Shen Chieh (Wang Shengjie)
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd.

It has not been examined or approved by 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 Mr Khong Choun Mun, Registered Professional, at 6 Raffles Quay, #24-02, Singapore 048580, sponsor@rhtgoc.com.

Additional Details

Name Of Person
Anna Thurai S/O Alagappan
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
06/03/2022
Detailed Reason (s) for cessation
To pursue other career opportunities.

After having interviewed Mr. Anna Thurai S/O Alagappan and to the best of its knowledge, the Company's Sponsor, RHT Capital Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Anna Thurai S/O Alagappan as the Executive Director of the Insurtech Business Segment.
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
05/11/2020
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
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director - Insurtech Business Segment
Role and responsibilities
Mr Anna Thurai S/O Alagappan is responsible for overseeing the sales and operations of the Group's Insurtech Business Segment.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
36,697 ordinary shares in the Company
Past (for the last 5 years)
1Care Global Services Pte. Ltd.
1Care Global (India) Pvt Ltd
Present
1Care Global Pte. Ltd.
V2Y Insurtech Pte. Ltd.
V2Y Pte. Ltd.
V2Y Technologies Pte. Ltd.
V2Y Insurtech Sdn. Bhd.