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TechCreate (NYSE: TCGL) names Sibil Thomas to lead finance after CFO exit

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Form Type
6-K

Rhea-AI Filing Summary

TechCreate Group Ltd. filed a Form 6-K to share a press release announcing a key finance leadership change. The company appointed Sibil Thomas as Financial Controller and Chief Accounting Officer, and he will assume financial leadership responsibilities previously held by Chief Financial Officer Derek Wang, who is resigning for personal reasons on March 11, 2026.

Thomas brings more than 20 years of experience managing multi-regional finance operations across APAC, with expertise in financial planning, risk management, compliance, and process automation. His background includes senior roles at Gnotis Systems, NETS Solutions and DISYS, where he oversaw and restructured finance functions. This transition signals a reshaping of TechCreate’s finance leadership while aiming to maintain continuity in financial oversight.

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Insights

TechCreate is redefining its finance leadership with an experienced replacement for its departing CFO.

The company is transitioning from CFO Derek Wang, who is resigning for personal reasons, to a structure where Sibil Thomas serves as Financial Controller and Chief Accounting Officer while taking on many CFO-level responsibilities. This keeps senior financial oversight in place.

Thomas’ more than 20 years of APAC finance experience, including roles overseeing multi-country operations, planning, risk management and compliance, should support continuity in financial controls and reporting. However, the change still represents a meaningful leadership shift, and its effectiveness will depend on how smoothly responsibilities are transferred.

Subsequent company disclosures about financial performance and organizational structure will help show how this leadership transition affects TechCreate’s operations, especially around cash flow management, internal controls and multi-jurisdiction compliance.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of March 2026

 

Commission File Number: 001-42865

 

TechCreate Group Ltd.

336 Smith Street, #06-303, New Bridge Centre

Singapore 050336

+65 6936 6354

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒ Form 40-F ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

 

Yes ☐ No ☒

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

 

 

 

 

 

 

Information contained in this Report on Form 6-K

 

TechCreate Group Ltd. (the “Company”) is hereby furnishing this report on Form 6-K (the “Report”) to provide a press release dated March 11, 2026 announcing the appointment of Sibil Thomas as Financial Controller and Chief Accounting Officer of the Company and the resignation of Derek Wang as Chief Financial Officer, which is included as Exhibit 99.1 to this Report.

 

The information furnished in this Report on Form 6-K shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, nor shall it be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act, except as expressly set forth by specific reference in such filing.

 

2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  TechCreate Group Ltd
     
Date: March 11, 2026 By: /s/ Lim Heng Hai
  Name: Lim Heng Hai
  Title: Chairman of the Board and Chief Executive Officer

 

3

 

 

EXHIBIT INDEX

Exhibit No.   Description
99.1   Press Release – TechCreate Group Ltd. Appoints Sibil Thomas as Financial Controller and Chief Accounting Officer

 

4

 

 

 

Exhibit 99.1

 

TechCreate Group Ltd. Appoints Sibil Thomas as Financial Controller and Chief Accounting Officer

 

SINGAPORE, March 11, 2026 – TechCreate Group Ltd. (NYSE American: TCGL) (“TechCreate” or the “Company”), a technology consultancy and advanced software solutions provider specializing in payment solutions, cybersecurity, and digital services, today announced the appointment of Sibil Thomas as Financial Controller & Chief Accounting Officer. In his new role, Thomas will assume financial leadership responsibilities, including responsibilities currently held by the Company’s Chief Financial Officer, Derek Wang, who has submitted his resignation and is expected to depart the Company on March 11, 2026 due to personal reasons.

 

Thomas joins TechCreate with more than 20 years of leadership experience overseeing multi-regional finance operations across APAC, including Singapore, Malaysia, Thailand, India, and Australia. He has deep expertise in financial planning, risk management, compliance, and process automation, and a proven track record of building and scaling finance functions, strengthening internal controls, and driving operational excellence. He was most recently a consultant for Gnotis Systems Private Limited (India), where he oversaw the entire finance and accounting departments. Thomas was also previously a Vice President – Finance of NETS Solutions (Singapore & Malaysia) and Financial Controller – APAC of DISYS (APAC: Singapore, India, Malaysia & Thailand), where he restructured operations to achieve cash flow self-sufficiency.

 

“I am pleased to announce Sibil Thomas as Financial Controller & Chief Accounting Officer,” said TechCreate CEO Heng Hai Lim. “Although holding the title of Financial Controller & Chief Accounting Officer, Sibil brings prior experience consistent with CFO-level responsibility, having led regional finance functions, financial planning and analysis, cash flow and working capital management, multi-country compliance, and more.”

 

About TechCreate Group Ltd.

 

TechCreate Group Ltd. is a Singapore-based payment software solutions provider. Founded in 2015, the Company delivers digital payment and infrastructure solutions to financial institutions, telecommunications, deposit insurance, and enterprises. TechCreate’s offerings include real-time payment systems, digital banking platforms, API management, cybersecurity, and cloud computing. Its proprietary Artificial Intelligence Real-Time Engine (AI-RTE) is designed to enable fast, secure, and efficient payment processing. For more information, visit https://www.techcreategroup.com/.

 

Forward-Looking Statements

 

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the Company’s future operations, financial performance and growth strategies. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Any forward-looking statements contained in this press release speak only as of the date hereof, and TechCreate Group Ltd. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

 

Investor Relations

 

John Yi and Steven Shinmachi

Gateway Group, Inc.

949-574-3860

TCGL@gateway-grp.com

 

 

 

FAQ

What did TechCreate Group Ltd. (TCGL) announce in this Form 6-K?

TechCreate Group Ltd. announced a finance leadership transition, appointing Sibil Thomas as Financial Controller and Chief Accounting Officer while Chief Financial Officer Derek Wang resigns for personal reasons. The change is detailed in an attached March 11, 2026 press release.

Who is Sibil Thomas at TechCreate Group Ltd. (TCGL)?

Sibil Thomas has been appointed Financial Controller and Chief Accounting Officer at TechCreate. He will assume key financial leadership responsibilities and brings over 20 years of experience managing multi-regional finance operations, financial planning, risk management, compliance, and process automation across APAC markets.

Why is TechCreate’s CFO Derek Wang leaving the company TCGL?

Chief Financial Officer Derek Wang has submitted his resignation from TechCreate and is expected to depart on March 11, 2026. The company states that his departure is due to personal reasons, and his responsibilities will be taken over by newly appointed finance leader Sibil Thomas.

What is the background of TechCreate’s new finance leader, Sibil Thomas?

Sibil Thomas has more than 20 years of leadership experience in multi-regional finance across APAC, including roles at Gnotis Systems, NETS Solutions and DISYS. His expertise spans financial planning, risk management, compliance, process automation, and restructuring operations to improve cash flow and internal controls.

What does TechCreate Group Ltd. (TCGL) do as a business?

TechCreate Group Ltd. is a Singapore-based payment software solutions provider. It delivers digital payment and infrastructure solutions, including real-time payment systems, digital banking platforms, API management, cybersecurity, cloud computing, and its proprietary AI-RTE engine for fast, secure and efficient payment processing.

Does this TechCreate 6-K affect other SEC filings or become incorporated by reference?

The company states that the information in this Form 6-K is furnished, not filed, under the Exchange Act and is not incorporated by reference into other Securities Act or Exchange Act filings, unless specifically referenced in a future filing.

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TECHCREATE GROUP LTD

NYSE:TCGL

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