| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Oct 7, 2024 18:28 |
| Status | New |
| Announcement Sub Title | Appointment of Non-Executive and Independent Director |
| Announcement Reference | SG241007OTHRLY2H |
| Submitted By (Co./ Ind. Name) | Cheok Hui Yee |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr Tan Eng Ann as Non-Executive and Independent Director |
| Additional Details | |
| Date Of Appointment | 07/10/2024 |
| Name Of Person | Tan Eng Ann |
| Age | 56 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | The Nominating Committee has reviewed Mr Tan Eng Ann's ("Mr Tan") background, qualification, work experience and credentials to be complementary to the skills diversity of the Board of Directors (the "Board"), and recommended his appointment to the Board for approval. The Board is of the opinion that Mr Tan can contribute positively to the Company and has accepted the Nominating Committee's recommendation. |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive and Independent Director, Chairman of Nominating Committee, and member of Audit Committee and Remuneration Committee. |
| Professional qualifications | - Chartered Financial Analyst (Association for Investment Management and Research, USA) - Fellow Chartered Accountant of Singapore (Institute of Singapore Chartered Accountants) (Member since 2002) - Bachelor of Accountancy Degree, Nanyang Technological University, Singapore |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries | None |
| Conflict of interests (including any competing business) | None |
| Working experience and occupation(s) during the past 10 years | Nov 2023 - Present Executive Officer and Director, Ruictech International Pte. Ltd. Sep 2023 - Present Executive Officer and Director, PT Anli Teknologi Indonesia Sep 2023 - Present Executive Officer and Director, Anli Technology Pte. Ltd. Apr 2019 - Present Non-executive Director, IP Real Estate Investments Pte. Ltd. Oct 2017 - Present Non-executive Director, IPIM Holdings Limited Feb 2017 - Present Non-executive Director, IP Global Limited Jun 2013 - Present Lead Independent Director, Isoteam Ltd. May 2006 - Mar 2024 Chief Financial Officer, R H International Pte Ltd May 2017 - Aug 2021 Non-executive Director, SCK Securities Limited May 2018 - Jan 2021 Non-executive Director, SCK Assets Management Limited Jun 2019 - Nov 2020 Independent Director, AM Group Holdings Limited Jun 2016 - Jan 2018 Independent Director, SingAsia Holdings Limited Sep 2014 - Sep 2016 Lead Independent Director, GCCP Resources Limited Nov 2009 - Jul 2017 Lead Independent Director, Hiap Tong Corporation Ltd. |
| Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) | Yes |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Mr Tan holds 174,040 shares in Yongmao Holdings Limited |
| # These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8). | |
| Past (for the last 5 years) | Directorships: 1. AM Group Holdings Limited 2. SCK Assets Management Limited 3. SCK Securities Limited Other Principal Commitments: Nil |
| Present | Directorships: 1. Isoteam Ltd. 2. IP Global Limited 3. IPIM Holdings Limited 4. IP Real Estate Investments Pte. Ltd. 5. Ruictech International Pte. Ltd. 6. Anli Technology Pte. Ltd. 7. PT Anli Teknologi Indonesia Other Principal Commitments: Nil |
| (a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? | No |
| (b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? | No |
| (c) Whether there is any unsatisfied judgment against him? | No |
| (d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose? | No |
| (e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? | No |
| (f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part? | No |
| (g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust? | No |
| (h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? | No |
| (i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? | No |
| (j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :- | |
| (i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or | No |
| (ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or | No |
| (iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or | No |
| (iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | No |
| (k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? | No |
| Any prior experience as a director of an issuer listed on the Exchange? | Yes |
| If Yes, Please provide details of prior experience | Present: 1. Isoteam Ltd. Past: 1. GCCP Resources Limited 2. Hiap Tong Corporation Ltd. 3. R H Energy Ltd. |
| Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable) | Mr Tan has had experience as a director of SGX-listed issuers, and accordingly, the Nominating Committee will not require Mr Tan to attend the relevant seminar(s) and/or course(s) conducted by the Singapore Institute of Directors on the roles and responsibilities of a director of a SGX-listed company. |