News
Change - Announcement Of Appointment Of Non-Executive And Lead Independent Director
BackOct 28, 2025
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Oct 28, 2025 18:10 |
| Status | New |
| Announcement Sub Title | Appointment of Non-Executive and Lead Independent Director |
| Announcement Reference | SG251028OTHRV9JH |
| 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 Chua Ser Miang as Non-Executive and Lead Independent Director |
| Additional Details | |
| Date Of Appointment | 28/10/2025 |
| Name Of Person | Chua Ser Miang |
| Age | 57 |
| 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 Chua Ser Miang's ("Mr Chua") 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 Chua 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 Lead Independent Director, Chairman of Audit Committee, and member of Nominating Committee and Remuneration Committee. |
| Professional qualifications | - Chartered Financial Analyst (CFA), CFA Institute - Chartered Valuer and Appraiser (CVA), Institute of Valuers and Appraisers, Singapore - Member of Institute of Singapore Chartered Accountants (ISCA) - Member of Singapore Institute of Directors (SID) - Master of Science in Global Finance & Banking, King's College London - Bachelor of Business Administration (Hons), National University of 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 | Mar 2017 - Present Non-Executive Chairman & Independent Director, Aoxin Q & M Dental Group Limited Nov 2020 - Sep 2025 Director, Crowe Horwath Capital Pte. Ltd. Jan 2013 - Dec 2020 Director, Eastwin Capital Pte. 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? | No |
| # 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. Acumen Diagnostics Pte. Ltd. 2. Acumen Research Laboratories Pte. Ltd. 3. Eastwin Capital Pte. Ltd. 4. China Knowledge Data Technology Pte. Ltd. 5. VCPlus Limited 6. Yamada Green Resources Limited Other Principal Commitments: 1. Crowe Horwath Capital Pte. Ltd. |
| Present | Directorships: 1. Aoxin Q & M Dental Group Limited 2. LS 2 Holdings Limited 3. Kori Holdings Limited 4. PC Partner Group Limited 5. Q & M Dental (Shenyang) Pte. Ltd. Other Principal Commitments: N.A. |
| (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 | Yes |
| If Yes, Please provide full details | Mr Chua was an independent director of Yamada Green Resources Ltd ("Yamada Green") from September 2013 to March 2021. In September 2017, the then auditors, BDO LLP, made a report to the Ministry of Finance of Singapore relating to the group's financial records for FY2017. Deloitte & Touche Financial Advisory Services Pte Ltd was appointed to perform a review, and the key findings were announced on 1 April 2018. In September 2018, the audit committee of Yamada Green engaged Foo Kon Tan LLP to conduct an investigation into the disposal of bamboo plantations by the company without the Board's prior knowledge and approval. The key findings were announced on 28 January 2019. On 30 September 2022, SGX reprimanded the former Executive Director of Yamada Green for breaches of certain listing rules arising from the disposal of the bamboo plantations. As an independent director, Mr Chua was not involved in the management or the operations of the company, and he was not a subject of the abovementioned investigations. |
| (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. Aoxin Q & M Dental Group Limited 2. LS 2 Holdings Limited 3. Kori Holdings Limited 4. PC Partner Group Limited Past: 1. VCPlus Limited 2. Yamada Green Resources Limited |
| 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) | N.A. |