Synagistics Limited (Stock Code: 2562) has reported that its non-executive director, Mr. Andrew D Zheng, will step down effective November 28, 2025, citing other work commitments. According to the company’s announcement, there is no disagreement between Mr. Zheng and the board, and no further issues need to be brought to shareholders’ attention. The board has expressed gratitude for his contributions.

On the same day, Synagistics Limited approved granting a total of 240,000 restricted share units (RSUs) under its share award scheme to three independent non-executive directors—Mr. Selva Bryan Ratnam, Mr. Andrew Chow Heng Cheong, and Mr. Siek Wei Ting—each receiving 80,000 RSUs. No purchase price applies to these RSUs, and the closing price of the company’s shares on the grant date was HK$4.32. The vesting period spans 12 months from the grant date, subject to eligibility and fulfillment of specified conditions. No performance targets are set for these awards, while the board retains discretionary authority for clawback if stated circumstances arise.

If fully allotted, this new issuance of shares would bring the total number of shares under the scheme mandate limit to 9,488,585, leaving 33,927,065 shares for future RSU allocations. The granting of RSUs was approved by all independent non-executive directors, with each grantee abstaining from voting on the respective grant to himself.