News

Change - Announcement Of Appointment Of Lead Independent Director

Apr 10, 2026

Announcement Title	Change - Announcement of Appointment
Date & Time of Broadcast	Apr 10, 2026 17:31
Status	New
Announcement Sub Title	Appointment of Lead Independent Director
Announcement Reference	SG260410OTHRNDUR
Submitted By (Co./ Ind. Name)	Ng Boon Hui
Designation	Executive Chairman and Chief Executive Officer
Effective Date and Time of the event	10/04/2026 00:00:00
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, #21-01 AIA Tower, Singapore 048542.
Additional Details
Date of appointment	10/04/2026
Name of person	Ng Kian Guan
Age	69
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 has reviewed and considered the qualification and working experience of Mr. Ng Kian Guan ("Mr. Ng") and is of the view that Mr. Ng has the requisite experience and capabilities to assume the duties and responsibilities of an Independent Director of the Company. The Board considers Mr. Ng to be independent for the purpose of Rule 704(7) of the Listing Manual Section B: Rules of the Catalist of the SGX-ST.
Whether appointment is executive, and if so, the area of responsibility	Non-executive
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)	Lead Independent Director, Chairman of Audit Committee and member of Nominating and Remuneration Committee.
Professional qualifications	Bachelor of Business Administration, National University of Singapore Diploma of Investment Analysis, Singapore Securities Research Institute Advanced Bank Management Program, Asian Institute of Management Asian Banking Management Program, Insead Euro-Asia Centre Certificate in Real Estate Agency, Singapore Institute of Surveyor and Valuers Pacific Rim Bankers Program, University of Washington Advanced Management Program, 55th AMP, University of Pennsylvania, The Wharton Business School Executive Diploma in Directorship, Singapore Management University and Singapore Institute of Directors
Working experience and occupation(s) during the past 10 years	Oct 2021 to Sep 2022: Shanghai Pudong Development Bank, Singapore Branch, Senior Banker Aug 2014 to Jun 2021: Maybank Singapore, Deputy CEO Sep 2011 to Dec 2018: Maybank Singapore, Head of Corporate Office
Shareholding interest in the listed issuer and its subsidiaries	No
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries	No
Conflict of interest (including any competing business)	No
Undertaking (in the format set out in Appendix 7.7 or Appendix 7H) under Mainboard Rule 720(1) or Catalist Rule 720(1) has been submitted to the listed issuer	Yes
Other Principal Commitments* Including Directorships# * "Principal Commitments" has the same meaning as defined in the Code of Corporate Governance. # These fields are not applicable for announcements of appointments pursuant to Mainboard Rule 704(9) or Catalist Rule 704(8).
Past (for the last 5 years)	Maybank Nominees (Singapore) Private Limited Other commitments: Please refer to "Working experience and occupation(s) during the past 10 years" section above.
Present	Beary Employment Services Private Limited Hong Lai Huat Group Limited International Cement Group Ltd. China Vered Financial Holding Corporation Limited CVAM Investment Pte. Ltd. Other commitments: Please refer to "Working experience and occupation(s) during the past 10 years" section above.
Information Required Disclose the following matters concerning an appointment of director, chief executive officer, chief financial officer, chief operating officer, general manager or other officer of equivalent rank. If the answer to any question is "yes", full details must be given. (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
Disclosure applicable to the appointment of director only. Any prior experience as a director of an issuer listed on the Exchange?	Yes
If yes, please provide details of prior experience.	Mr. Ng is an independent director of the following companies listed on SGX: Hong Lai Huat Group Limited International Cement Group 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).	N.A.