Change - Announcement of Cessation::Resignation of Independent Director - Mr Lee Fang Wen

Issuer & Securities

Issuer/ Manager
SINCAP GROUP LIMITED
Securities
SINCAP GRP LIMITED - SGXE87155607 - XZB
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Sep-2025 19:42:02
Status
New
Announcement Sub Title
Resignation of Independent Director - Mr Lee Fang Wen
Announcement Reference
SG250915OTHR6X1S
Submitted By (Co./ Ind. Name)
Teh Wing Kwan
Designation
Non-Independent Non-Executive Chairman
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, SAC Capital Private Limited (the "Sponsor"). It 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 Charmian Lim, Telephone: +65 6232 3210, at 1 Robinson Road, #21-01 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Lee Fang Wen
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
15/09/2025
Detailed Reason (s) for cessation
Capitalised terms used but not defined herein shall have the same meanings ascribed to them in the Company's circular dated 20 August 2025 in relation to, among other things, the proposed acquisition of all issued shares in the capital of Skylink APAC Pte. Ltd., as a reverse takeover.

Mr Lee Fang Wen ("Mr Lee") had tendered his resignation on 14 September 2025, to resign from his position as Independent Director of the Company to facilitate the re-constitution of the Board, following the approval of the Proposed Transaction by the shareholders at the Company's extraordinary general meeting held on 11 September 2025.

The Nominating Committee and the Board, having considered the SPA Completion, have mutually agreed with Mr Lee for his last day of service to be on 15 September 2025. The Board would like to express its thanks and appreciation to Mr Lee for his contribution to the Company during his tenure.

The Sponsor, after having interview with Mr Lee, is satisfied that, other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Lee as Independent Director.
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
16/09/2022
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Nominating Committee, Acting Chairman of Remuneration Committee and a member of Audit and Risk Committee.
Role and responsibilities
As above
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
111,111 ordinary shares
Other Directorships
Past (for the last 5 years)
Tai Sin Electric Limited
Present
N.A.