T9

T9 Organisation Structure

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T9
Tangent9
Shareholding structure
Proposed · For internal review
Shareholding structure proposal

One company, two share classes, one reserved pool.

Tangent 9 operates as a single company. It issues two classes of shares: Class A (2.5× voting) and Ordinary. The reserved pool is set aside exclusively for critical resources and investors, held temporarily by Hankiong until awarded, with named partner allocations tied to KPI attainment.

Shareholdings

01 · Class A + Ordinary = 100%

The company's capital is split between Class A and Ordinary shares. Class A shares carry 2.5 times the voting rights of Ordinary shares. Striped segments are the reserved pool: unissued allocations held temporarily by Hankiong, earmarked only for critical resources and investors.

Tangent 9

Single entity

All products and services under one company

Class A · 2.5× votes50% of capital
  • Hankiong 35%
  • Jean 5%
  • Reserved 10%
Class A reserve · Earmarked
  • Edwen 5%
  • Balance 5%
Ordinary · 1× vote50% of capital
  • Hmu 3%
  • Lynn Goh 2%
  • Hoang 2%
  • Boon Hong 2%
  • Augustine 2%
  • Reserved 39%
Ordinary reserve · Earmarked
  • Hmu 2%
  • Lynn 3%
  • Boon Hong 3%
  • Augustine 16%
  • Balance 15%
Voting power weighting (Class A at 2.5×)Class A 71.4% · Ordinary 28.6%

Share classes and entitlements

02 · Rights, reserves, vesting
Original shares

Ordinary shares

1× vote
  • One vote per share on all shareholder resolutions
  • Full economic entitlement: dividends and capital distributions rank equally (pari passu) with Class A
  • Primary instrument for team participation and awards to critical resources
  • Standard transfer restrictions and pre-emption rights apply
Founder / control class

Class A shares

2.5× votes
  • 2.5× voting rights: two and a half times the votes of an Ordinary share (implemented in practice as a whole-number ratio, e.g. 5 votes per Class A share to 2 votes per Ordinary share)
  • Identical economic entitlement to Ordinary shares: same dividend and capital rights, the premium is voting control only
  • Held by the founders to preserve strategic control as reserved pools are issued
  • Ensures founder direction survives dilution from investor and team allocations
Unissued pools

Reserved shares

Held in trust
  • Earmarked exclusively for critical resources and investors: not available for general allocation
  • Temporarily held by Hankiong until awarded or allocated
  • Named partner allocations within the pools are earmarked and released only on KPI attainment
  • Awards to critical resources are subject to a 3-year vesting period
  • Unvested shares return to the reserved pool if the holder departs before full vesting
Note

The 2.5× voting rights of Class A shares, the trust arrangement over reserved shares, and the 3-year vesting schedule (including any cliff and leaver provisions) should be formalised in each entity's constitution and a shareholders' agreement to be enforceable. Worth confirming with counsel alongside the ESO instrument review already in progress for external partners.