Change - Announcement of Cessation::Cessation as Group Chief Executive Officer

Issuer & Securities

Issuer/ Manager
MTQ CORPORATION LIMITED
Securities
MTQ CORPORATION LIMITED - SG0507000073 - M05
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
08-Jun-2026 07:04:29
Status
New
Announcement Sub Title
Cessation as Group Chief Executive Officer
Announcement Reference
SG260608OTHR7SI3
Submitted By (Co./ Ind. Name)
Tan Lee Fang
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Asif Salim Vorajee as Group Chief Executive Officer

Additional Details

Name of person
Asif Salim Vorajee (Mr Vorajee)
Age
41
Is effective date of cessation known?
Yes
If yes, please provide the date.
08/06/2026
Detailed reason(s) for cessation
Mr Vorajee has resigned from his role as Group Chief Executive Officer due to personal reasons and his employment with the Group will cease with effect from 8 June 2026.

The Board and Management would like to thank Mr Vorajee for his contribution to the Group during his tenure of service and wish him every success in his future endeavours.

Following the cessation of Mr Vorajee's employment, Mr Kuah Kok Kim will assume the responsibilities and functions of the Group Chief Executive Officer while maintaining his role as an Executive Chairman.
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
01/07/2024
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Executive Officer
Role and responsibilities
Mr Vorajee was accountable to the Board for the overall performance of the Group's business operations and strategic planning.
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
0
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding details
8,334 ordinary shares in MTQ Corporation Limited
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Other Directorships
Past (for the last 5 years)
No
Present
Please refer to Appendix A

Attachments

Appendix A - Directorships.pdf
Total size =48K