Ad-Hoc
Ad hoc announcement pursuant to Art. 53 LR
January 13, 2025, Basel – Youngtimers AG, a Swiss-listed Company (YTME: SIX), announces Board changes and resignation of Mr. Renger van den Heuvel, Chief Executive Officer. Mr. Renger van den Heuvel has today announced its resignation from the position of Chief Executive Officer as well as member of the Board of Directors. This decision is related to the completion of several transaction, including the acquisition of C Capital and the desire to focus on other personal projects. “Youngtimers AG would like to thank Mr. van den Heuvel for his valuable support in the previous months as well as for playing a crucial role in bringing some key transactions to completion”, commented Christian Eich, Chairman of the Board of Youngtimers AG.
The Board of Directors of the Company has appointed Mr. Ben Cheng as new Chief Executive Officer. “I am grateful to the Board of Directors for this opportunity. Completing the acquisition of C Capital marks a significant milestone in Youngtimers' history. We are planning to expand C Capital’s presence beyond Greater China and the US into broader markets across APAC and Europe. Looking ahead, we envisage to enter new markets in the Middle East, Singapore, Korea, and Australia through C Capital, creating lasting value for our diverse stakeholders. Under the umbrella of our holding, listed in Switzerland, we will enhance our outreach and serve as a bridge between capital markets, ultimately benefiting our valued investors,” remarked Ben Cheng, the newly appointed CEO of Youngtimers AG.
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About Youngtimers AG
Youngtimers AG is listed in Switzerland (symbol YTME on SIX Swiss Exchange) and headquartered in Basel, for more information please refer to youngtimers.com
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