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

Issuer & Securities

Issuer/ Manager
FIGTREE HOLDINGS LIMITED
Securities
FIGTREE HOLDINGS LIMITED - SG2G36998349 - 5F4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Oct-2025 19:11:12
Status
New
Announcement Sub Title
Resignation of Non-Executive Director
Announcement Reference
SG251028OTHR00T4
Submitted By (Co./ Ind. Name)
Siaw Ken Ket @ Danny Siaw
Designation
Managing Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Francis Lee Fook Wah as Non-Executive Director

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange 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
Francis Lee Fook Wah
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
31/10/2025
Detailed Reason (s) for cessation
Mr. Francis Lee Fook Wah ("Mr Francis Lee") has tendered his resignation as Non-Executive Director of Figtree Holdings Limited (the "Company") primarily due to personal reasons. As a Board representative of the Company's major shareholder, Vibrant Group Limited, Mr Francis Lee has also indicated that he considers it an appropriate time to step aside to facilitate Board rotation and allow another representative the opportunity for exposure, having served on the Board for approximately five (5) years. Consequent to his resignation, Mr Francis Lee shall cease to be a member of the Audit Committee and Remuneration Committee of the Company.

After having interviewed Mr Francis Lee and to the best of its knowledge, the Company's Sponsor is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr Francis Lee as a Non-Executive Director and a member of the Audit Committee and Remuneration Committee 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
22/01/2020
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director and a member of the Audit Committee and Remuneration Committee of the Company.
Role and responsibilities
The roles and responsibilities as a Non-Executive Director and a member of the Audit Committee and Remuneration Committee of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Francis Lee Fook Wah is currently the Chief Financial Officer of Vibrant Group Limited, which is the holding company of Singapore Enterprises Pte Ltd, one of the controlling shareholders of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
Sheng Siong Group Limited
Net Pacific Financial Holdings Limited
Asiaphos Limited
Vibrant DB2 Pte. Ltd.
Wise Alliance Investments Limited
Blackgold Megatrade Pte. Ltd.
Fervent Industrial Development (Ningbo) Co., Ltd
Glory Capital Pte. Ltd.
Fervent III Developments Pte Ltd
Freight Links M&S (H.K.) Ltd
Lee Thong Hung Trading & Transport Sdn Bhd
Present
Figtree Holdings Limited
LTH Logistics (Singapore) Pte Ltd
Shentoncil Pte. Ltd.
Sentosa Capital Pte. Ltd.
Sinolink Financial Leasing Co., Ltd
Sinolink Finance International Limited
Fervent Industrial Development (Suzhou) Co., Ltd
Vibrant Land Pte. Ltd.
Fervent Iv Development Pte Ltd
Fervent V Development Pte Ltd
Fervent Logistics Infrastructure (Changzhou) Co., Ltd
Ececil Pte. Ltd.
Celestine Management Private Limited
Saujana Tiasa Sdn Bhd
Vibrant Pucheng Logistics (Chongqing) Co., Ltd
Vibrant Pucheng Property Management (Chongqing) Co., Ltd
Vibrant Pucheng Enterprise Management (Chongqing) Co., Ltd
Vibrant International Freight Forwarding (Chongqing) Co., Ltd
Inspirion Digitech Pte. Ltd.
Freight Links Express Pte Ltd
Vibrant Pucheng Investment Pte Ltd
Vibrant Properties Pte. Ltd.
Vibrant Pucheng Pte Ltd
Singapore Enterprises Private Limited
Freight Links Properties Pte. Ltd.
Freight Links Logistics Pte. Ltd.
Freight Links E-Logistics Technopark Pte Ltd
Freight Links Express Logisticpark Pte Ltd
Freight Links Express Logisticentre Pte Ltd
Crystal Freight Services Distripark Pte Ltd
Crystal Freight Services Pte Ltd
Freight Links Express International Co., Ltd
Vibrant Suzhou Energy Technology Co. Ltd
Hub & Port Services Pte Ltd
Vibrant Group Limited
Joyas International Holdings Limited
Pavillon Holdings Ltd
Fm Global Logistics Holdings Berhad
Freight Links Express (Thailand) Co. Ltd
Vibrant Investment & Management (Shanghai) Co., Ltd
New Vibrant (Jiangsu) Supply Chain Management Co., Ltd