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 18:34:14
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG231101OTHR4F3B
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 - Cheam Heng Haw, Howard

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
Cheam Heng Haw, Howard
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
24/11/2023
Detailed Reason (s) for cessation
Mr Cheam Heng Haw ("Mr Howard Cheam") will resign as an Independent Director of the Company, effective 24 November 2023, to facilitate Board renewal. Following Mr Howard Cheam's resignation, he will also relinquish his position as a member of the Audit Committee, Remuneration Committee, and Nominating Committee of the Company.

The Company's sponsor, SAC Capital Private Limited, after having interviewed Mr Howard Cheam, is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Howard Cheam as 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
30/09/2017
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
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
4. Member of the Nominating 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 Howard Cheam holds 1,000,000 share options under the Company's Employee Share Option Scheme 2021.
Past (for the last 5 years)
Nil
Present
1. Cool Link & Marketing Pte Ltd
2. GDS Global Limited
3. RTA Collab Capital Pte. Ltd.
4. R&T Asia (Thailand) Limited
5. R & T Corporate Services Pte. Ltd.