TRITECH GROUP LIMITED

TriTech

31 Changi South Avenue 2 Tritech Building Singapore 486478

(Company Registration No.: 200809330R)

GRANT OF SHARE AWARDS UNDER THE TRITECH GROUP PERFORMANCE SHARE PLAN 2021 ("TRITECH PSP 2021")

In accordance with Catalist Rule 704(32) of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist, the Board of Directors ("Directors") of Tritech Group Limited (the "Company" and together with its subsidiaries, the "Group") wishes to announce the following grant of share awards ("Awards") under Tritech PSP 2021, adopted by the Company at the extraordinary general meeting held on 29 July 2021.

Date of grant of Awards

8 October 2021

Number of Awards granted

30,000,000

Market price (last dealt price)

S$0.017 per ordinary share

of shares on the date of grant

Number of Shares granted to

20,000,000 Awards were granted to the following Directors:-

director(s) and/or controlling

Directors

Awards

shareholders (and each of

their associates), if any

Professor Yong Kwet Yew

(Non-Executive Chairman and

Independent Director)

10,000,000

Aw Eng Hai

(Independent Director)

10,000,000

Total

20,000,000

The remaining 10,000,000 shares were awarded to selected

employees of the Group who are not Directors, under Tritech PSP

2021 (the "Eligible Employees").

Vesting period

The Awards granted to the above Directors and Eligible

Employees will vest on 11 October 2021, in recognition of their

satisfaction of the performance criteria and relevant service

conditions determined by the Remuneration Committee.

BY ORDER OF THE BOARD

Dr Wang Xiaoning

Managing Director

8 October 2021

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms Lim Hui Ling, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg.

1

Attachments

  • Original document
  • Permalink

Disclaimer

Tritech Group Limited published this content on 08 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2021 11:51:03 UTC.