Change - Announcement of Cessation::Resignation of Non-Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
PROSPERCAP CORPORATION LIMITED
Securities
PROSPERCAP CORPORATION LTD - SGXE73186327 - PPC
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Apr-2026 17:27:49
Status
New
Announcement Sub Title
Resignation of Non-Independent Non-Executive Director
Announcement Reference
SG260422OTHRPQ66
Submitted By (Co./ Ind. Name)
Weerachai Amornrat-Tana
Designation
Acting Chief Executive Officer and Vice Chairman of the Board
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Independent Non-Executive Director and a member of the Investment Committee.

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). This announcement 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 Foo Jien Jieng, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name of person
Thitawat Asaves
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date.
29/04/2026
Detailed reason(s) for cessation
This cessation is due to increasing executive responsibilities of Mr Thitawat Asaves' role within the controlling shareholder, DTGO Group and as a result, he is no longer able to commit sufficient time to the Company. Mr Thitawat Asaves will relinquish his position as a Non-Independent Non-Executive Director and a member of the Investment Committee of the Company.

After having interviewed Mr Thitawat Asaves and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Thitawat Asaves as a Non-Independent Non-Executive 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
11/03/2025
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Director and a member of the Investment Committee
Role and responsibilities
Roles and responsibilities of a Non-Independent Non-Executive Director and a member of the Investment Committee.
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of independent directors currently resident in Singapore (taking into account this cessation)
0
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
6
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
None
Other Directorships
Past (for the last 5 years)
Please refer to Attachment A.
Present
Please refer to Attachment A.

Attachments

Attachment A.pdf
Total size =88K