Change - Announcement of Cessation::Retirement of Lead Independent Director

Issuer & Securities

Issuer/ Manager
Y VENTURES GROUP LTD.
Securities
Y VENTURES GROUP LTD. - SG1DH7000008 - 1F1
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Apr-2026 17:22:29
Status
New
Announcement Sub Title
Retirement of Lead Independent Director
Announcement Reference
SG260413OTHR40LW
Submitted By (Co./ Ind. Name)
Low Yik Jin
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Edward Tiong Yung Suh as Lead Independent Director of Y Ventures Group Ltd. (the "Company").

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. Leong Weng Tuck at 36 Robinson Road, #10-06 City House, Singapore 068877, Email: sponsor@rhtgoc.com.

Additional Details

Name of person
Edward Tiong Yung Suh
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date.
29/04/2026
Detailed reason(s) for cessation
Mr Edward Tiong Yung Suh ("Mr Edward Tiong"), has served on the Board of Directors (the "Board") of the Company since 29 May 2017. In view of the 9-year tenure limit for Independent Directors as prescribed under the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST"), Mr Edward Tiong has decided not to seek re-election and will retire from the Board at the conclusion of the Company's forthcoming Annual General Meeting to be held on 29 April 2026 to facilitate board renewal. Accordingly, he will cease to be the Lead Independent Director, Chairman of the Remuneration Committee and a Member of the Audit and Nominating Committees.

After having interviewed Mr Edward Tiong and to the best of its knowledge, the Sponsor is satisfied that, save as disclosed in this announcement of cessation, there are no other material reasons for the retirement of Mr Edward Tiong as an 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
29/05/2017
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
1. Lead Independent Director
2. Chairman of the Remuneration Committee
3. Member of the Audit Committee
4. Member of the Nominating Committee
Role and responsibilities
Non-Executive
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
0
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding details
Mr Edward Tiong holds 50,000 ordinary shares in the share capital of the Company.
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. Turnaround Management Association Singapore and South East Asia Ltd.
2. Insolvency Practitioners Association of Singapore Limited

Principal Commitment:
Allen & Gledhill LLP