Sarine Technologies Ltd. — Board/Management Information 2026

Apr 29, 2026

4/29/26, 6:46 PM
Change - Announcement of Cessation::Cessation of the services of a Non-Executive Director (Mr. Avraham Eshed)

CHANGE - ANNOUNCEMENT OF CESSATION::CESSATION OF THE SERVICES OF A NON-EXECUTIVE DIRECTOR (MR. AVRAHAM ESHED)

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 23:13:04

Status

New

Announcement Sub Title

Cessation of the services of a Non-Executive Director (Mr. Avraham Eshed)

Announcement Reference

SG260429OTHRM4XE

Submitted By (Co./ Ind. Name)

Amir J. Zolty

Designation

https://links.sgx.com/1.0.0/corporate-announcements/88V2LKRYXEMPBVUS/e1432a3aac60339881599bf42cf2cafb156469bb8f451acd7161548c280e51a9

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4/29/26, 6:46 PM
Change - Announcement of Cessation::Cessation of the services of a Non-Executive Director (Mr. Avraham Eshed)

Company Secretary

Effective Date and Time of the event
29/04/2026 17:00:00

Description (Please provide a detailed description of the event in the box below)
Please note that Mr. Avraham Eshed has concluded his recent three-year term as a director (after having served as a director since 2006).

Additional Details

Name of person
Avraham Eshed

Age
80

Is effective date of cessation known?
Yes

If yes, please provide the date.
29/04/2026

Detailed reason(s) for cessation
Mr. Eshed has concluded 20 years of service as a director. He decided to step down at the age of 80 and not to put himself for re-election.

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?
No

Any other relevant information to be provided to shareholders of the listed issuer?

https://links.sgx.com/1.0.0/corporate-announcements/88V2LKRYXEMPBVUS/e1432a3aac60339881599bf42cf2cafb156469bb8f451acd7161548c280e51a9

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4/29/26, 6:46 PM
Change - Announcement of Cessation::Cessation of the services of a Non-Executive Director (Mr. Avraham Eshed)

No

Date of appointment to current position
24/04/2006

Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Director

Role and responsibilities
General responsibilities of a director under applicable laws and rules.

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)?
No

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. Eshed is deemed a shareholder of the Company by virtue of his indirect ownership through Gemstar, Ltd. of
14,335,672 shares held on his behalf by the Israel Discount Bank through Citibank N.A. Singapore custodians, 562,500
shares held on his behalf by Eyal Khayat, Option Plans trustee, through UOB Kay Hian Pte. Ltd., pursuant to the Plans, and by
virtue of his indirect ownership of 228,750 shares held on his behalf by Union Bank of Israel Ltd.

Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries

https://links.sgx.com/1.0.0/corporate-announcements/88V2LKRYXEMPBVUS/e1432a3aac60339881599bf42cf2cafb156469bb8f451acd7161548c280e51a9
3/4

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4/29/26, 6:46 PM
Change - Announcement of Cessation::Cessation of the services of a Non-Executive Director (Mr. Avraham Eshed)

No.

Other Directorships

Past (for the last 5 years)

• Eshed Diam Ltd.;
• Eshed Diam Inc.;
• Eshed Diam (HK) Ltd.;
• Eshed Designs Ltd.;
• Gemstar Ltd.;
• Bilbao Trade & Investments Ltd.;
• AV 1141 LLC; AV 1 Real Estate Ltd.;
• N.A. Collins 6515 LLC; and Newark AV 4 BLD LLC

Present

• Eshed Diam Ltd.;
• Eshed Diam Inc.;
• Eshed Diam (HK) Ltd.;
• Eshed Designs Ltd.;
• Gemstar Ltd.;
• Bilbao Trade & Investments Ltd.;
• AV 1141 LLC; AV 1 Real Estate Ltd.;
• N.A. Collins 6515 LLC; and Newark AV 4 BLD LLC/

https://links.sgx.com/1.0.0/corporate-announcements/88V2LKRYXEMPBVUS/e1432a3aac60339881599bf42cf2cafb156469bb8f451acd7161548c280e51a9