TOTM Technologies Limited announced Resignation of Independent Director, Cheam Heng Haw, Howard. Mr. Cheam Heng Haw will resign as an Independent Director of the Company, effective 24 November 2023, to facilitate Board renewal. Following Mr. Howard Cheam's resignation, he will also relinquish his position as a member of the Audit Committee, Remuneration Committee, and Nominating Committee of the Company.

The Company's sponsor, SAC Capital Private Limited, after having interviewed Mr. Howard Cheam, is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Mr. Howard Cheam as Independent Director of the Company.