Change - Announcement of Cessation::Resignation of Executive Director and Chief Executive Officer - Mr Lee Yaw Loong Francis

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 Cessation
Date &Time of Broadcast
02-Feb-2026 18:38:43
Status
New
Announcement Sub Title
Resignation of Executive Director and Chief Executive Officer - Mr Lee Yaw Loong Francis
Announcement Reference
SG260202OTHRX190
Submitted By (Co./ Ind. Name)
Leong Chuo Ming
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Lee Yaw Loong Francis ("Mr Francis Lee") as Executive Director and 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

Name of person
Lee Yaw Loong Francis
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date.
30/04/2026
Detailed reason(s) for cessation
Mr Lee Yaw Loong Francis ("Mr Lee") has tendered his resignation as the Chief Executive Officer and Executive Director of the Company to facilitate leadership renewal as part of the Group's long-term succession planning. Mr Lee will also be stepping down as the commissioner from the board of commissioners of PT Paragon Karya Perkasa Tbk, a subsidiary of the Company in Indonesia, with effect from 27 April 2026.

Mr Lee is currently serving his notice period and will work closely with the Deputy Chief Executive Officer and Executive Director of the Company, Mr Salim Limanto, to ensure an orderly and smooth transition.

The Board would like to express its appreciation to Mr Lee for his past services and contributions to the Group and wishes him well in all his future endeavours.

After having interviewed Mr Lee and to the best of its knowledge, the Company's Sponsor, ZICO Capital Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the resignation of Mr Lee.
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
15/07/2019
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer
Role and responsibilities
As the Executive Director and Chief Executive Officer, Mr Francis Lee is responsible for the overall management of the Group, as well as the strategic planning and development of the Group's business.
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)
3
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
500,000 shares in the Company
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)
- RG Nutrients Pte. Ltd. (Struck off)
- RG International Commodities Pte. Ltd. (Dissolved)
- RG Camgen Pte. Ltd. (Dissolved)
- Granfill Pte. Ltd.
Present
- Alfra Resources Pte. Ltd.
- Belle Tech Pte. Ltd.
- Abilee Venture Pte. Ltd.
- Infrako Holdings Pte. Ltd.
- 5i Technology Pte. Ltd.
- PT Paragon Karya Perkasa Tbk - Commissioner