Comba Telecom announces director change, share awards for employee retention

Comba Telecom Systems Holdings Limited announced that Ms. Wong Lok Lam will resign as an independent non-executive director, chairman of the nomination committee, and a member of the audit and remuneration committees, effective October 16, 2025, to focus on other business commitments. Concurrently, Dr. Tan Khee Giap will be appointed to these roles, also effective October 16, 2025, for a three-year term with remuneration fixed at SGD30,000 per annum. Dr. Tan, aged 68, brings extensive experience from various directorships and consulting roles, confirming his independence as per Hong Kong Listing Rules.

In a separate announcement, Comba Telecom granted 1,560,000 share awards under its Share Award Scheme on October 15, 2025. These awards, representing approximately 0.05% of issued shares, were granted to employees at a purchase price of HK$1.3715 per share, while the closing price on the date of grant was HK$3.00 per share. There are no performance targets attached to these awards, which are intended to recognize contributions and retain personnel.

The vesting for 940,000 share awards is from October 15, 2025, to October 14, 2026, while the remaining 620,000 will vest in two tranches: 50% from October 15, 2025, to October 14, 2026, and the remaining 50% from October 15, 2025, to October 14, 2027. Following this grant, 275,853,466 shares remain available for future grants under the scheme mandate limit.