Lincotrade & Associates Holdings Limited: Key Resolutions Passed at Extraordinary General Meeting (EGM) on 30 October 2025

Singapore, 30 October 2025 – Lincotrade & Associates Holdings Limited (“Lincotrade” or “the Company”) held its Extraordinary General Meeting (EGM) at its headquarters, with all key directors in attendance, including Independent Director and Non-Executive Chairman Dr Tan Kok Heng, Managing Director Mr Tan Jit Meng, Independent Director Mr Kwong Choong Kuen, and Non-Executive Director Mr Wee Shuo Siong Milton. The meeting was attended by shareholders and representatives from the Company’s auditors, legal advisors, share registrar, and independent scrutineers.

Key Resolutions and Price-Sensitive Developments

• Adoption of Lincotrade PSP 2025:
  • Shareholders overwhelmingly approved the implementation of a new performance share plan, the Lincotrade PSP 2025. This plan enables the Company to issue awards in the form of shares to eligible participants, with the maximum aggregate number of shares to be issued under the plan (together with other share-based incentive schemes) capped at 15% of the Company’s issued share capital (excluding treasury and subsidiary holdings) at any time.
  • The Board is authorised to establish, administer, and make amendments to the PSP, grant awards, and issue shares as necessary. Notably, the Company may use shares purchased under any share buy-back mandate to satisfy awards, which may have implications for share liquidity and overall capital structure.
  • Any shareholder with an interest in the PSP 2025 abstained from voting on related resolutions, ensuring compliance with governance best practices.
• Participation by Controlling Shareholders:
  • Two controlling shareholders, Mr Tan Jit Meng (Managing Director) and Mr Soh Loong Chow Jackie, were specifically approved by independent shareholders to participate in the Lincotrade PSP 2025, contingent on the plan’s adoption.
  • This ensures alignment of interests between major shareholders and the broader shareholder base, but also means these key individuals could receive significant equity incentives, which may impact future shareholding concentration and could potentially be price sensitive.
• Unanimous Shareholder Support:
  • All three resolutions were passed with 100% of votes cast in favour (39,810,499 shares), with zero votes against for each item. This indicates strong shareholder support for the proposed incentive plan and the participation of the controlling shareholders.
• Governance and Voting Process:
  • Voting was conducted by poll, with independent scrutineers overseeing the process. The Company did not receive any questions from shareholders prior to or during the meeting.

Implications for Shareholders and Potential Share Price Impact

• The introduction of the Lincotrade PSP 2025 is a material development for the Company, as it provides a platform for long-term performance-based equity incentives. Such plans are often viewed positively by investors as they align management and key employees’ interests with those of shareholders, potentially driving improved performance and shareholder returns.
• However, the potential dilution (up to 15% of issued shares) is not insignificant and could affect existing shareholders’ holdings over the medium term, depending on the scale of awards actually granted and vested. Investors should monitor subsequent disclosures regarding the actual awards to be made, particularly to controlling shareholders.
• The explicit approval of controlling shareholders’ participation in the PSP enhances transparency but also means these individuals may significantly increase their stakes, which could affect the Company’s shareholding structure and market dynamics.

Conclusion of the Meeting

The meeting concluded at 10:30 a.m., with all resolutions duly passed and no further business transacted.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should exercise their own judgment and consult professional advisors before making investment decisions. The Company’s future actions regarding the Lincotrade PSP 2025 and any subsequent share awards may affect share prices and market perception.

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