Sarine Technologies Ltd. — Board/Management Information 2026

Apr 29, 2026

4/29/26, 6:44 PM
Change - Announcement of Cessation::Cessation of services of the Company's Chief Executive Officer

CHANGE - ANNOUNCEMENT OF CESSATION::CESSATION OF SERVICES OF THE COMPANY'S CHIEF EXECUTIVE OFFICER

Issuer & Securities

Issuer/Manager
SARINE TECHNOLOGIES LTD.

Securities
SARINE TECHNOLOGIES LTD - IL0010927254 - U77

Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation

Date & Time of Broadcast
29-Apr-2026 21:38:44

Status
New

Announcement Sub Title
Cessation of services of the Company's Chief Executive Officer

Announcement Reference
SG260429OTHR7CZT

Submitted By (Co./ Ind. Name)
Amir J. Zolty

Designation

https://links.sgx.com/1.0.0/corporate-announcements/ACSFFYAHIAVJVJXW/cea1cbfbef75b898edf33dfcabfb1d4ea68e090099c05ded47fc571e26faf5a3

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4/29/26, 6:44 PM
Change - Announcement of Cessation::Cessation of services of the Company's Chief Executive Officer

Company Secretary

Effective Date and Time of the event
28/04/2026 17:00:00

Description (Please provide a detailed description of the event in the box below)
Further to an announcement pointed by the Company yesterday, and attached here as well, the Company hereby provides additional information with regard to the resignation of Mr. David Block from his position of as the Chief Executive Officer of the Company.

Additional Details

Name of person
David Block

Age
51

Is effective date of cessation known?
Yes

If yes, please provide the date.
30/06/2026

Detailed reason(s) for cessation
After 25 years of service in the Company (the last 9 years as a Chief Executive Officer), Mr. Block feels that it is time for a new chapter.

See also the announcement made yesterday and attached hereto.

Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No

Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?

https://links.sgx.com/1.0.0/corporate-announcements/ACSFFYAHIAVJVJXW/cea1cbfbef75b898edf33dfcabfb1d4ea68e090099c05ded47fc571e26faf5a3

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4/29/26, 6:44 PM
Change - Announcement of Cessation::Cessation of services of the Company's Chief Executive Officer

No

Any other relevant information to be provided to shareholders of the listed issuer?
No

Date of appointment to current position
01/05/2017

Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer

Role and responsibilities
As the most senior executive in the Company, the CEO bears executive responsibility for the Company's day-to-day business according to the policies set by the Board and subject to the Board's directives, and works with the Board on strategic planning, business development and generally charting the growth of the Company.

Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes

Number of independent directors currently resident in Singapore (taking into account this cessation)
2

Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes

Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
0

Shareholding interest in the listed issuer and its subsidiaries
Yes

Shareholding details
Mr. David Block is deemed a shareholder of the Company by virtue of his indirect ownership of 1,065,156 shares held on his behalf by Eyal Khayat, Option Plans trustee, through UOB Kay Hian Pte. Ltd.

https://links.sgx.com/1.0.0/corporate-announcements/ACSFFYAHIAVJVJXW/cea1cbfbef75b898edf33dfcabfb1d4ea68e090099c05ded47fc571e26faf5a3

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4/29/26, 6:44 PM
Change - Announcement of Cessation::Cessation of services of the Company's Chief Executive Officer

Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None.

Other Directorships

Past (for the last 5 years)

• Galatea Ltd.
• Sarine Polishing Technologies Ltd.
• Sarin Color Technologies Ltd
• Sarine Holdings USA Ltd.
• Sarin Technologies India Pvt Ltd
• Sarin Hong Kong Ltd
• Sarine North America Inc
• Sarine IGT 10H Inc,
• Sarine IGT 10I Inc.
• Sarine IGT 10JKL Inc
• GCAL USA LLC

Present

• Galatea Ltd.
• Sarine Polishing Technologies Ltd.
• Sarin Color Technologies Ltd
• Sarine Holdings USA Ltd.
• Sarin Technologies India Pvt Ltd
• Sarin Hong Kong Ltd
• Sarine North America Inc
• Sarine IGT 10H Inc,
• Sarine IGT 10I Inc.
• Sarine IGT 10JKL Inc
• GCAL USA LLC

https://links.sgx.com/1.0.0/corporate-announcements/ACSFFYAHIAVJVJXW/cea1cbfbef75b898edf33dfcabfb1d4ea68e090099c05ded47fc571e26faf5a3