Choo Chiang Holdings Receives SGX Approval for 2025 Performance Share Plan (PSP)

Key Highlights for Investors

• SGX-ST Approval Received: Choo Chiang Holdings Ltd. has secured a listing and quotation notice from the Singapore Exchange Securities Trading Limited (SGX-ST) on 13 January 2026. This approval relates to new ordinary shares that may be issued under the 2025 Choo Chiang Performance Share Plan (PSP).
• Potential Share Issuance: New shares may be issued over time as awards are granted under the PSP. This could potentially increase the total number of shares in the market.
• 15% Cap on New Shares: The total number of new shares issued under the 2025 PSP and all other share-based incentive schemes in force cannot exceed 15% of the company’s issued shares, excluding treasury shares and subsidiary holdings, as of the day before the award is granted.
• Corporate Governance: The announcement reiterates that the SGX-ST’s notice does not constitute an endorsement of the merits of the share plan or the securities involved.
• Executive Leadership: The announcement is signed off by Lim Teck Chuan, the Executive Chairman and CEO.
• Regulatory Oversight: The company’s sponsor, SAC Capital Private Limited, has reviewed the announcement, but the SGX-ST has not examined or approved its contents.

What Shareholders Need to Know

• Dilution Risk: With the potential issuance of new shares up to 15% of the existing share base, shareholders should be aware of possible dilution in their holdings. This could impact earnings per share and the overall value of existing shares.
• Share Price Impact: The approval to issue new shares is a significant development. If the company actively awards these shares, the market may respond based on perceived future dilution, potential improvements in employee performance, or the company’s commitment to long-term incentives.
• Plan Details: While the framework is approved, the actual grant of shares and the specific terms of the awards remain subject to subsequent decisions and compliance with SGX-ST’s listing rules.
• No Endorsement: The SGX-ST’s approval should not be seen as a qualitative judgment on Choo Chiang Holdings, the PSP scheme, or its securities.

Additional Details for Investors

• The company’s Performance Share Plan (PSP) is a mechanism to reward and retain key employees through equity-based incentives.
• Maximum aggregate issuance under all share-based plans is strictly capped at 15% to prevent excessive dilution.
• The notice of approval was received on 13 January 2026, with the official announcement made on 14 January 2026.
• The contact person for the sponsor, SAC Capital Private Limited, is Ms Charmian Lim, reachable at (65) 6232 3210, 1 Robinson Road #21-01 AIA Tower Singapore 048542.

Summary

Choo Chiang Holdings Ltd.’s receipt of SGX-ST’s listing and quotation notice for the 2025 Performance Share Plan marks a key milestone in the company’s employee incentive strategy. The ability to issue up to 15% of new shares under this plan is noteworthy for existing shareholders, as it may impact future share value and dilution. Investors should monitor subsequent announcements regarding actual awards and grants under the PSP, as these could be price-sensitive events.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Readers should consult their financial advisors and review official company filings before making investment decisions. The SGX-ST has not reviewed or endorsed the contents of this announcement, and past performance is not indicative of future results.

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