| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Feb 13, 2026 17:40 |
| Status | New |
| Announcement Sub Title | RETIREMENT OF INDEPENDENT DIRECTOR |
| Announcement Reference | SG260213OTHRZ3U7 |
| Submitted By (Co./ Ind. Name) | Kevin Cho |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Independent Director |
| Additional Details | |
| Name of person | MARIO BOSELLI |
| Age | 84 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date. | 13/02/2026 |
| Detailed reason(s) for cessation | Retirement as Independent Director. Mr Boselli has served as an Independent Director for 8 years and is stepped down as part of the Board's renewal process. |
| 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 | 16/11/2017 |
| Job title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director |
| Role and responsibilities | Independent Director |
| 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 | 2 |
| Shareholding interest in the listed issuer and its subsidiaries | No |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Other Directorships Past (for the last 5 years) |
- Chorustyle S.R.L. - Intesa Sanpaolo Forvalue S.P.A - GIGLIO.COM S.P.A. - Schmid S.P.A - M.Seventy S.R.L |
| Present | - Isybank S.P.A. - Mario Boselli S.R.L - F.lli De Cecco di Filippo - Fara San Martino S.P.A. - Prestitalia S.P.A - ETS - Engineering and Technical Services spa |