| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 10, 2026 17:41 |
| Status | New |
| Announcement Sub Title | Stepping Down of Mr Doreswamy Nandkishore as a Chairman of the Board and Independent Director |
| Announcement Reference | SG260410OTHR1PUP |
| Submitted By (Co./ Ind. Name) | Lee Wei Hsiung |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Please refer to the information below. |
| Additional Details | |
| Name of person | Doreswamy Nandkishore |
| Age | 67 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date. | 28/04/2026 |
| Detailed reason(s) for cessation | As part of the Board rejuvenation process and good governance practice Mr Doreswamy Nandkishore ("Nandu") will be stepping down as a Chairman of the Board and Independent Director of the Company at the conclusion of the Company's forthcoming Annual General Meeting to be held on 28 April 2026 to pursue his personal interests. This is in light of the requirements imposing a hard tenure limit for independent Directors, where as a result Nandu will be considered as non-independent upon the conclusion of the AGM. It is also keeping the Group's commitment to refresh the composition of the Board. Accordingly, he shall relinquish his positions as Chairman of the Remuneration Committee and as a member of the Audit Committee, Nominating Committee, and Sustainability Committee. The Board and Company would like to express its gratitude and appreciation towards Nandu's valuable contributions to the Board during his tenure. |
| 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 | 03/01/2017 |
| Job title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, Chairman of the Board & Remuneration Committee and member of Audit Committee, Nominating Committee & Sustainability Committee |
| Role and responsibilities | Non-Executive |
| 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) | 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 | 2 |
| Shareholding interest in the listed issuer and its subsidiaries | Yes |
| Shareholding details | 22,000 ordinary shares in Delfi Limited |
| 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) |
I & N Developmental Investments Ltd. |
| Present | Delfi Limited Mayar Foods RA Consulting DWC-LLC Al Muhaidib Group Livinguard Technologies AG Other Principal Commitments Nil |