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Change - Announcement Of Appointment Of Chief Operating Officer
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Aug 19, 2024
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Aug 19, 2024 17:35 |
| Status | New |
| Announcement Sub Title | Appointment of Chief Operating Officer |
| Announcement Reference | SG240819OTHR6XYZ |
| Submitted By (Co./ Ind. Name) | Ng Boon Hui |
| Designation | Executive Chairman and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Ms Lee Khai Yinn (Tel: (65) 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. |
| Additional Details | |
| Date Of Appointment | 20/08/2024 |
| Name Of Person | Ho Poh Khum |
| Age | 55 |
| 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 Board of Directors, having considered the recommendation of the Nominating Committee and assessed Ms. Ho Poh Khum ("Ms. Ho")'s qualifications and work experience, is of the view that Ms. Ho has the requisite experience and capabilities to assume the duties and responsibilities as the Chief Operating Officer of the Company. |
| Whether appointment is executive, and if so, the area of responsibility | Executive. Responsible for designing and implementing business strategies, plans and procedures of the Company and overseeing the day-to-day operations. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Operating Officer |
| Professional qualifications | Bachelor of Education (Honours) in Early Childhood Special Education, University of South Australia Bachelor of Business Administration, 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 | Yes. Her spouse, Mr. Ng Boon Hui ("Mr. Ng"), is the current Executive Chairman and CEO of the Company. Ms. Ho and Mr. Ng, are deemed Controlling Shareholders of the Company by virtue of her 27% and his 70% shareholding in Aurico Global Holdings Pte. Ltd. ("Aurico"). They are both directors of Aurico. For completeness, Mr. Loke Pak Hoe, Patrick, the current Executive Director and Head of Corporate Development, is also a 3% shareholder of Aurico. |
| Conflict of interests (including any competing business) | Nil. However, for completeness of information, Aurico, the Controlling Shareholder of the Company, is a major shareholder (72%) of Eighteen T Holdings Pte. Ltd. ("Eighteen T") and she is an executive director of Eighteen T, which is in the restaurant business. Eighteen T is used to venture into a food & beverage project but there are no current operations. Should there be any conflict of interest arise in the future, Ms. Ho will make such conflict of interest known to the Board as soon as possible so that she may recuse herself from such related discussions and/or decisions as most appropriate. |
| Working experience and occupation(s) during the past 10 years | 2019 to Present: Aurico Global Holdings Pte. Ltd. and its group of companies, Head of Operations 2014 to Present: Anchor of Life Training Consultants Pte Ltd, Head of Operations (2019 to Present); Operations Manager & Trainer (2014 to 2018) 2005 to 2014: Families for Tomorrow Services, Family Education Trainer & General Manager |
| 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 | By virtue of her 27% shareholding in Aurico, Ms. Ho is deemed interested in the 728,000,000 ordinary shares of the Company held by Aurico, representing approximately 29.83% of the issued and paid up capital of the Company. |
| # 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: Bridge Alliance Asia Pte Ltd (Struck Off) Chinese Junction Enrichment Centre Private Ltd. (Struck Off) Success Hub Pte. Ltd. (Struck Off) Gryphon Prime Pte. Ltd. (In Liquidation - Members' Voluntary Winding Up) Yara Alliance Pte. Ltd. (Struck Off) Anchor of Life Training Consultants Pte. Ltd. Cube Beauty Pte. Ltd. Anchor of Life Venture Pte. Ltd. Other principal commitments: Please refer to "Working experience and occupation(s) during the past 10 years" section above. |
| Present | Directorships: Aurico Global Holdings Pte. Ltd. Communa Global Pte. Ltd. Cosy Cove Living Pte. Ltd. Eighteen T Holdings Pte. Ltd. (72%-owned subsidiary of Aurico) Families for Tomorrow Services (Business Owner) JC Global Developments Pte. Ltd. (wholly-owned subsidiary of Aurico) My Preschool Hub Pte. Ltd. (associated company of Aurico) Ten Ants Living Space Pte. Ltd. Other principle commitments: Please refer to "Working experience and occupation(s) during the past 10 years" section above. While Ms. Ho will continue to be the Head of Operations of Aurico and its group of companies and Anchor of Life Training Consultants Pte Ltd, she has confirmed that her role primarily involves providing strategic operational oversight and is supported by a team for execution. As such, she will be able to devote her time and attention to the Group's business operations and fulfill her duties and responsibilities as Chief Operating Officer of the Company. |
| (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? | No |
| If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange | Not Applicable |
| 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) | Not Applicable |