Sarine Technologies Ltd. — Board/Management Information 2026

Apr 29, 2026

4/29/26, 6:48 PM
Change - Announcement of Cessation::Announcement of Cessation of the Lead Independent Director (Ms. Varda Shine)

CHANGE - ANNOUNCEMENT OF CESSATION::ANNOUNCEMENT OF CESSATION OF THE LEAD INDEPENDENT DIRECTOR (MS. VARDA SHINE)

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 23:30:42

Status

New

Announcement Sub Title

Announcement of Cessation of the Lead Independent Director (Ms. Varda Shine)

Announcement Reference

SG260429OTHRGEWO

Submitted By (Co./ Ind. Name)

Amir J. Zolty

Designation

https://links.sgx.com/1.0.0/corporate-announcements/FO4EXYJAVHBZ4AI1/3e5a76a166edc3e5487533c7bf2c4c1b0d058e79a9dd48db6053484f7ecc6fb5

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4/29/26, 6:48 PM
Change - Announcement of Cessation::Announcement of Cessation of the Lead Independent Director (Ms. Varda Shine)

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 Ms. Varda SHine stepepd down from her position as a director and as teh Lead Independent Director after having completed a nine-year tenure.

Additional Details

Name of person
Varda Shine

Age
63

Is effective date of cessation known?
Yes

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

Detailed reason(s) for cessation
After having served a an Indepndent Director for nine years, Ms. Shine decided not to put hereelf 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/FO4EXYJAVHBZ4Al1/3e5a76a166edc3e5487533c7bf2c4c1b0d058e79a9dd48db6053484f7ecc6fb5

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4/29/26, 6:48 PM
Change - Announcement of Cessation::Announcement of Cessation of the Lead Independent Director (Ms. Varda Shine)

No

Date of appointment to current position
25/04/2017

Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director and Chairperson of the Remuneration Committee

Role and responsibilities

As Lead Independent Director, Ms. Shine served the principal liaison on Board issues between the Independent Directors and the Chairman. She made herself available to shareholders where they have concerns in which contact through the normal channels of the Executive Chairman and Executive Directors has failed to resolve or is inappropriate.

As Chaiperson of the Remuneration Committee, Ms. Shine headed all of the activities of the Remuneration Committee, in accordance with the applicable laws and regulations and in line with teh provisions of teh Code of Corporate Governance.

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

Ms. Shine is deemed a shareholder of the Company by virtue of her indirect ownership of 350,000 shares held on her

https://links.sgx.com/1.0.0/corporate-announcements/FO4EXYJAVHBZ4Al1/3e5a76a166edc3e5487533c7bf2c4c1b0d058e79a9dd48db6053484f7ecc6fb5

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4/29/26, 6:48 PM
Change - Announcement of Cessation::Announcement of Cessation of the Lead Independent Director (Ms. Varda Shine)

behalf by Eyal Khayat, Option Plans trustee, through UOB Kay Hian Pte. Ltd., pursuant to the Plans.

Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No.

Other Directorships

Past (for the last 5 years)
Ecora-Royalties PLC (a
non-diamond commodities
investment firm);
Ratio Petroleum Energy LP;
Teenage cancer Trust (charity).

Present
Ecora-Royalties PLC (a
non-diamond commodities
investment firm);
Ratio Petroleum Energy LP;
Teenage cancer Trust (charity).

https://links.sgx.com/1.0.0/corporate-announcements/FO4EXYJAVHBZ4Al1/3e5a76a166edc3e5487533c7bf2c4c1b0d058e79a9dd48db6053484f7ecc6fb5