Change - Announcement of Cessation::RETIREMENT OF CHIEF EXECUTIVE OFFICER AND NON-INDEPENDENT EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
VICOM LTD
Securities
VICOM LTD. - SGXE86215543 - WJP
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Jun-2026 17:15:16
Status
New
Announcement Sub Title
RETIREMENT OF CHIEF EXECUTIVE OFFICER AND NON-INDEPENDENT EXECUTIVE DIRECTOR
Announcement Reference
SG260624OTHRIC2O
Submitted By (Co./ Ind. Name)
Angeline Joyce Lee Siang Pohr
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mr Sim Wing Yew ("Mr Sim") will be retiring as Chief Executive Officer and a Non-Independent Executive Director of the Company on 31 December 2026. He will also be stepping down as a member of the Sustainability Committee and the Technology Committee on the same date.

Additional Details

Name of person
Sim Wing Yew
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date.
31/12/2026
Detailed reason(s) for cessation
Mr Sim Wing Yew is stepping down from the Board following his planned retirement as Chief Executive Officer, having ensured an orderly transition and succession. His cessation is to better manage his personal commitments and is not due to any disagreement with the Company. He has confirmed that there are no matters requiring disclosure to shareholders.

The Board expresses its appreciation for Mr Sim's significant contributions during his tenure and confirms that the cessation does not give rise to any governance concerns.
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
01/05/2012
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer and Non-Independent Executive Director, and a member of the Sustainability Committee and the Technology Committee.
Role and responsibilities
Executive. Mr Sim is responsible for the overall management and operations of the Group.
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)
6
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
3
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding details
VICOM Ltd: 40,000 ordinary shares
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)
1. ComfortDelGro Engineering Pte. Ltd.
Present
1. VICOM Ltd
2. VICOM Inspection Centre Pte Ltd
3. JIC Inspection Services Pte Ltd
4. Setsco Services Pte Ltd
5. Setsco Consultancy International Pte. Ltd.
6. Setsco-An Security Pte. Ltd.
7. Setsco Services (M) Sdn Bhd
8. Setsco QAV Technologies Sdn Bhd
9. Setsco Middle East Laboratory LLC