Change - Announcement of Cessation::Cessation of Independent Non-Executive Director - Mr Simon Luk

Issuer & Securities

Issuer/ Manager
INFINITY DEVELOPMENT HOLDINGS COMPANY LIMITED
Securities
INFINITY DEVELOPMENT HOLDINGS - KYG4772A1168 - ZBA
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Jan-2026 19:08:43
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director - Mr Simon Luk
Announcement Reference
SG260114OTHRYKSA
Submitted By (Co./ Ind. Name)
Shum Hoi Luen
Designation
Financial Controller and Company Secretary
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, Xandar Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the SGX-ST. 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. Loo Chin Keong (Registered Professional) at 3 Shenton Way, #24-02 Shenton House, Singapore 068805. Telephone number: (65) 6319 4955.

Additional Details

Name of person
Simon Luk
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date.
29/01/2026
Detailed reason(s) for cessation
At the Annual General Meeting of the Company to be held on 29 January 2026 ("2025 AGM"), Mr. Simon Luk would have served as an Independent and Non-Executive Director for more than 12 years, and pursuant to Catalist Rule 406(3)(d)(iv), a director will not be independent if he has been a director of an issuer for an aggregate of more than nine years (whether before or after listing). Accordingly, Mr. Simon Luk Chan will retire from office at the conclusion of the 2025 AGM.

After having interview Mr. Simon Luk and to the best of its knowledge, the Sponsor, Xandar Capital Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the resignation of Mr. Simon Luk.

The Board expresses its appreciation to Mr. Simon Luk for his contributions to the Group during his tenure.
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?
Yes
If yes, please elaborate.
The Company has announced the appointment of new independent directors who are suitable and whose appointments are effective on the date immediately after the 2025 AGM.
Date of appointment to current position
21/11/2013
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director; and Chairman of the Nomination Committee and a member of the Audit Committee and Remuneration Committee
Role and responsibilities
As above
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)
1
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
1
Shareholding interest in the listed issuer and its subsidiaries
No
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)
Link Holdings Limited
Present
China Investment and Finance Group Limited