| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Feb 9, 2026 19:46 |
| Status | New |
| Announcement Sub Title | Appointment of Independent Director |
| Announcement Reference | SG260209OTHREGIM |
| Submitted By (Co./ Ind. Name) | Cheng Lisa |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Mr. Kong Chee Keong will be appointed as Independent Non-Executive Director on 9 February 2026. He will also be appointed as Chairman of the Audit Committee, and member of the Nominating and Remuneration Committees on 10 February 2026. |
| Additional Details | |
| Date of appointment | 09/02/2026 |
| Name of person | Kong Chee Keong |
| Age | 58 |
| Country of principal residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | As part of the board renewal process, the Nominating Committee (the "NC") has recommended the appointment of Mr. Kong Chee Keong ("Mr. Kong") as an Independent Non-Executive Director of the Company. After reviewing the recommendation of the NC and Mr. Kong's credentials and experience (as set out below), the Board has confirmed Mr. Kong's independence and approved his appointment as an Independent Non-Executive Director with effect from 9 February 2026. Mr. Kong will also be appointed as Chairman of the Audit Committee and member of the Nominating and Remuneration Committees with effect from 10 February 2026. |
| Whether appointment is executive, and if so, the area of responsibility | No |
| Job title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Non-Executive Director, Chairman of the Audit Committee and member of the Nominating and Remuneration Committees |
| Professional qualifications | 1. Master of Business Administration, University of Manchester, United Kingdom 2. Bachelor of Accountancy (Hons - 2nd Upper), National University of Singapore, Singapore |
| Working experience and occupation(s) during the past 10 years | - Penvest Co Pte. Ltd. - Director 2023 to present - Ever Glory United Holdings Limited - Director 2023 to present - PC Partner Group Limited - Director 2024 to present - Ten-League International Holdings Ltd - Director 2025 to present - Darco Water Technologies Limited - Executive Director & CEO 2021 to 2022 - Penvest Co Pte Ltd - Director 2011 to 2021 - Darco Water Technologies Limited - Independent Director 2020 to 2021 - Libra Group Limited - Director 2013 to 2020 |
| Shareholding interest in the listed issuer and its subsidiaries | No |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Conflict of interest (including any competing business) | None |
| Undertaking (in the format set out in Appendix 7.7 or Appendix 7H) under Mainboard Rule 720(1) or Catalist Rule 720(1) has been submitted to the listed issuer | Yes |
| Other Principal Commitments* Including Directorships# * "Principal Commitments" has the same meaning as defined in the Code of Corporate Governance. # These fields are not applicable for announcements of appointments pursuant to Mainboard Rule 704(9) or Catalist Rule 704(8). |
|
| Past (for the last 5 years) | 2022 to 2023 - Darco Ba Lai Water Supply Co., Ltd 2021 to 2022 - Darco Water Technologies Limited 2021 to 2022 - Puzer Asia Pte Ltd 2022 to 2022 - Darco Engineering Pte Ltd 2021 to 2022 - Darco Infraco Vietnam Water Pte. Ltd. 2021 to 2022 - PV Vacuum Engineering Pte Ltd 2021 to 2022 - Darco Water Systems Sdn Bhd 2021 to 2022 - Darco Industrial Water Sdn Bhd 2021 to 2022 - Wuhan Kaidi Water Service Co., Ltd 2022 to 2022 - Vietnam Darco Environment Co., Ltd 2022 to 2022 - Darco Viet Water Co., Ltd 2022 to 2022 - Darco Nghe An Co., Ltd 2022 to 2022 - Darco Ha Tinh Co., Ltd 2019 to 2022 - PT Penvest Tirta Energi 2019 to 2022 - PT Pravest Sipoti Energi 2020 to 2021 - Darco Water Technologies Ltd 2017 to 2021 - PT Energi Pravest Jaya |
| Present | 2018 to present - JEP Holdings Ltd. 2025 to present - Ten-League International Holdings Ltd 2024 to present - PC Partner Group Limited 2023 to present - Ever Glory United Holdings Ltd 2011 to present - Penvest Co., Pte. Ltd. 2023 to present - Gascem Pte Ltd 2018 to present - Arc Energy Pte. Ltd. 2011 to present - PIP Energy Pte Ltd 2020 to present - Blue Tirta Pte Ltd 2015 to present - PT Puncak Bintang Perkasa 2019 to present - PT Pravest Sipoti Energi |
| Information Required Disclose the following matters concerning an appointment of director, chief executive officer, chief financial officer, chief operating officer, general manager or other officer of equivalent rank. If the answer to any question is "yes", full details must be given. (a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? |
No |
| (b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? | Yes |
| If yes, please provide full details. | Singapore High Court ordered the winding up of Libra Group Limited ("Libra") on 22 July 2022. I resigned as Libra's independent director in July 2019. |
| (c) Whether there is any unsatisfied judgment against him? | No |
| (d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose? | No |
| (e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? | No |
| (f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part? | No |
| (g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust? | No |
| (h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? | No |
| (i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? | No |
| (j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of:- | |
| (i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or | No |
| (ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or | No |
| (iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or | No |
| (iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? |
No |
| (k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? | Yes |
| If yes, please provide full details. | He was the independent director of Darco Water Technologies Limited ("DWT") from 6 July 2020 to 31 August 2021, and subsequently redesignated as the executive director and chief executive officer (CEO) of DWT from 1 September 2021 to 4 October 2022. DWT had received a Notice of Compliance (NOC) shortly after he was appointed as the executive director and chief executive officer of DWT. The NOC was in relation to the status of a proposed investment in a project (DWT investment) which was first announced by DWT in November 2018, prior to his appointment as an independent director of DWT. As the then executive director and chief executive officer of DWT, he had led the team to prepare and submit the detailed report on the status of that DWT investment complying with all SGX-ST's directives by the stipulated timeline. The DWT Investment was eventually rejected by the board of directors of DWT ("DWT Board") after due deliberation by the DWT Board, and no further action was taken by the SGXST. There were no investigations conducted by the SGX-ST or any government authorities on DWT or him. |
| Disclosure applicable to the appointment of director only. Any prior experience as a director of an issuer listed on the Exchange? |
Yes |
| If yes, please provide details of prior experience. | He is an independent director of several listed companies on the Exchange as follows: - JEP Holdings Ltd. - Ever Glory United Holdings Limited. - PC Partner Group Limited (Cayman Island) His past directorships of several listed companies on the Exchange are as follows: - Libra Group Ltd. - Biolidics Limited - Darco Water Technologies Ltd. |