Change - Announcement of Cessation::Cessation of Chief Culinary Officer

Issuer & Securities

Issuer/ Manager
FOOD INNOVATORS HOLDINGS LIMITED
Securities
FOOD INNOVATORS HOLDINGS - SGXE76179717 - KYB
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Jun-2026 17:54:36
Status
New
Announcement Sub Title
Cessation of Chief Culinary Officer
Announcement Reference
SG260612OTHRADDU
Submitted By (Co./ Ind. Name)
Kubota Yasuaki
Designation
Executive Director and CEO
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr. Watanabe Akira ("Mr. Watanabe") as Chief Culinary Officer.

Food Innovators Holdings Limited (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "Exchange") on 16 October 2024. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). This announcement has been reviewed by the Sponsor. It has not been examined or approved by 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 Mr. Shervyn Essex, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name of person
Watanabe Akira
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date.
01/07/2026
Detailed reason(s) for cessation
As part of the Group's management restructuring exercise, Mr. Watanabe will resign as Chief Culinary Officer of the Group. He will also step down as President, CEO and Representative Director of the wholly-owned subsidiary, Tomaatti Co., Ltd. He will continue to focus on restaurant operations, menu development and business development activities of the Group via a business outsourcing agreement.

After having interviewed Mr. Watanabe 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. Watanabe as Chief Culinary Officer of the Group.
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
01/03/2020
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Culinary Officer of the Group
President, CEO and Representative Director of Tomaatti Co., Ltd.
Role and responsibilities
Oversees our Group's Food Retail Business segment, including developing new restaurant concepts and trends and seeking collaboration opportunities with reputable and recognised restaurant operators.
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
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
Yes
Shareholding details
Mr. Watanabe has a direct interest in 1,554,908 ordinary shares of the Company.
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)
AC Company Co., Ltd.
Present
Tomaatti Co., Ltd.
AFC Inc.