Change - Announcement of Appointment::Redesignation of Mr Salim Limanto from Deputy Chief Executive Officer to Chief Executive Officer

Issuer & Securities

Issuer/ Manager
RESOURCES GLOBAL DEVELOPMENT LIMITED
Securities
RESOURCES GLOBAL DEVEL LIMITED - SGXE81809571 - V7R
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
04-May-2026 18:51:24
Status
New
Announcement Sub Title
Redesignation of Mr Salim Limanto from Deputy Chief Executive Officer to Chief Executive Officer
Announcement Reference
SG260504OTHR9XLU
Submitted By (Co./ Ind. Name)
Yeo Tze Khern Thomas
Designation
Chief Financial Officer and Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Salim Limanto as Chief Executive Officer of Resources Global Development Limited (the "Company", and together with its subsidiaries, the "Group").

This announcement has been reviewed by the Company's sponsor, ZICO Capital 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 Lim Hui Zheng, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone: (65) 6636 4201.

Additional Details

Date of appointment
05/05/2026
Name of person
Salim Limanto
Age
43
Country of principal residence
Indonesia
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Mr Salim Limanto ("Mr Limanto") is currently an Executive Director and Deputy Chief Executive Officer ("Deputy CEO") of the Company. As part of the Group's succession planning, the Nominating Committee ("NC") has recommended his promotion to Chief Executive Officer of the Company with effect from 5 May 2026 (the "Promotion").

Mr Limanto has over 13 years of management and business development experience in the coal mining, transportation and trading industries. He has been actively involved in overseeing the Group's operations since the Company's listing on the Catalist of the SGX-ST in 2020 and will continue to lead the Group's shipping and coal mining businesses.

In evaluating the Promotion, the Board and the NC considered, among others, Mr Limanto's leadership, industry knowledge, familiarity with the Group's operations, track record and ability to drive the Group's strategic objectives. Having considered the recommendation of the NC and assessed Mr Limanto's qualifications, experience, skillsets, performance as Executive Director and Deputy CEO, as well as his contributions to the Group, the Board has approved the Promotion.

The Board is of the view that the Promotion supports leadership continuity and succession planning, and that his existing involvement in the Group will enable a smooth transition. Mr Limanto will continue to serve as an Executive Director following the Promotion.
Whether appointment is executive, and if so, the area of responsibility
Executive. As the Executive Director and Chief Executive Officer, Mr Limanto is responsible for the overall management of the Group, as well as the strategic planning and development of the Group's business.
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer
Professional qualifications
Bachelor of Economics, majoring in Accountancy, Universitas Tarumanagara, Jakarta, Indonesia
Working experience and occupation(s) during the past 10 years
1. Resources Global Development Limited
- Executive Director and Deputy Chief Executive Officer (December 2025 - Present)
- Executive Director and Chief Operating Officer (December 2018 - December 2025)

2. PT Deli Niaga Sejahtera (subsidiary of the Company)
- President Director (October 2013 - Present)

3. PT Deli Pratama Angkutan Laut (subsidiary of the Company)
- President Director (February 2013 - Present)

4. Deli International Resources Pte. Ltd.
- Director (February 2009 - June 2019)

5. Resources International Development Pte. Ltd.
- Director (September 2018 - December 2018)

6. PT Sinar Deli
- Head of Sales & Shipping (June 2006 - June 2018)
Shareholding interest in the listed issuer and its subsidiaries
No
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Limanto is the son of Mr Djunaidi Hardi and the nephew of each of Mr Juhadi Higiati, Mr Arifin Ang and Mr Limas Ananto ("Founding Shareholders").

The Founding Shareholders are deemed interested in (i) the shares in the Company held by Deli International Resources Pte. Ltd. ("DIR") (the controlling shareholder of the Company); and (ii) the shares in PT Deli Putra Bangsa (an indirect subsidiary of the Company) held by PT Deli Pratama Nusantara (a company 80%-owned by DIR).
Conflict of interest (including any competing business)
Nil
Undertaking (in the format set out in Appendix 7.7 or Appendix 7H) under Mainboard Rule 720(1) or Catalist Rule 720(1) has been submitted to the listed issuer
Yes
Other Principal Commitments* Including Directorships#
* "Principal Commitments" has the same meaning as defined in the Code of Corporate Governance.
# These fields are not applicable for announcements of appointments pursuant to Mainboard Rule 704(9) or Catalist Rule 704(8).
Past (for the last 5 years)
- Deli International Resources Pte. Ltd.
- Palmsphere Sdn Bhd
- PT Deli Niaga Jaya
- RG Nutrients Pte. Ltd. (subsidiary of the Company; struck off on 5 September 2022)
- RG Camgen Pte. Ltd. (associate of the Company; dissolved on 6 October 2023)
- RG International Commodities Pte. Ltd. (subsidiary of the Company; dissolved on 26 Jun 2025)
Present
- PT Deli Niaga Sejahtera (subsidiary of the Company)
- PT Deli Pratama Angkutan Laut (subsidiary of the Company)
Information Required
Disclose the following matters concerning an appointment of director, chief executive officer, chief financial officer, chief operating officer, general manager or other officer of equivalent rank. If the answer to any question is "yes", full details must be given.
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of:-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere,
in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Disclosure applicable to the appointment of director only.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If yes, please provide details of prior experience.
Mr Limanto has been a Director of the Company since 2020.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable).
Not applicable.