Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
TOTM TECHNOLOGIES LIMITED
Securities
TOTM TECHNOLOGIES LIMITED - SG1BF8000005 - 42F
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Nov-2023 18:33:39
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG231101OTHRPDQO
Submitted By (Co./ Ind. Name)
Pierre Prunier
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director - Chua Hoe Sing

This announcement has 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 no.: +65 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Chua Hoe Sing
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
20/11/2023
Detailed Reason (s) for cessation
Mr Chua Hoe Sing ("Mr Chua") will resign as an Independent Director of the Company, effective 20 November 2023, to pursue personal interests. Following Mr Chua's resignation, he will also relinquish his position as a member of the Audit Committee and the Remuneration Committee of the Company.

The Company's sponsor, SAC Capital Private Limited, after having interviewed Mr Chua, is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Chua 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
12/11/2020
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
1. Independent Director
2. Member of the Audit Committee
3. Member of the Remuneration Committee
Role and responsibilities
Non-Executive
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
Mr Chua holds 1,000,000 share options under the Company's Employee Share Option Scheme 2021.
Past (for the last 5 years)
1. AB Capital International Limited (Mauritius)
2. AB Technology Holdings Pte. Ltd.
3. Adamas Technology Engineering Pte. Ltd.
4. E-Smart Marine Singapore Pte. Ltd.
5. HSC Glaston Pte. Ltd.
6. JSM Restaurant International Pte. Ltd.
7. KD Sports Co Pte. Ltd.
8. Kusang Lanka Pte. Ltd.
9. Kyros Technologies Pte. Ltd.
10. Lornie International Limited (BVI)
11. Oro Negro Decus Pte. Ltd.
12. Oro Negro Drilling Pte. Ltd.
13. Oro Negro Fortius Pte. Ltd.
14. Oro Negro Impetus Pte. Ltd.
15. Oro Negro International Pte. Ltd.
16. Oro Negro Laurus Pte. Ltd.
17. Oro Negro Off shore Drilling Pte. Ltd
18. Oro Negro Primus Pte. Ltd.
19. Oro Negro Vastus Pte. Ltd.
20. Tong Man Pte. Ltd.
Present
1. Ba Feng Trading Limited (HK)
2. BP Corporate Services Pte. Ltd.
3. GIA Laboratory Singapore Pte Ltd
4. Glastonbury Productions Pte. Ltd.
5. GS Packaging and Design Pte. Ltd.
6. Heriot Investments Pte Ltd
7. Ismart Synergy Pte. Ltd.
8. Moody's Analytics Singapore Pte Ltd
9. Moody's ESG Solutions Singapore Pte Ltd
10. Pawprints Inspired Pte. Ltd.
11. Pepper Grove Investments Pte Ltd
12. Quarder Pte Ltd
13. Quinnteus Pte. Ltd.
14. Topchain Capital Pte. Limited