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Change - Announcement Of Appointment Of Chairman
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Apr 13, 2023
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Apr 13, 2023 18:17 |
| Status | New |
| Announcement Sub Title | Appointment of Chairman |
| Announcement Reference | SG230413OTHR2TAM |
| Submitted By (Co./ Ind. Name) | Ang Puak Huen |
| Designation | Executive Director and Chief Operating 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 | 17/04/2023 |
| Name Of Person | Mark Leong Kei Wei |
| Age | 46 |
| 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 having considered the recommendation of the Nominating Committee and assessed Mr. Mark Leong Kei Wei's qualification and work experience, is of the view that Mr. Mark Leong Kei Wei has the requisite experience and capabilities to assume the duties and responsibilities of the Executive Chairman of the Company. |
| Whether appointment is executive, and if so, the area of responsibility | Executive. Mr. Leong is responsible for setting the strategic direction of the Group together with the Board. Together with Ms. Ang Puak Huen, the Executive Director and Chief Operating officer of the Company, Mr. Leong will jointly oversee the overall management of the Group, including steering the business and operations for future growth and expansion. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Chairman |
| Professional qualifications | Chartered Accountant of the Institute of Singapore Chartered Accountants (ISCA) Fellow of the Association of Chartered Certified Accountants (ACCA) Member of Singapore Institute of Directors (SID) |
| 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 | Mr. Leong is a Non-Executive Director of Catalano Seafood Ltd where Mr. Eugene Pong Sin Tee, a controlling shareholder of LifeBrandz Ltd., is also a substantial shareholder of Catalano Seafood Ltd. Save as disclosed, Mr. Leong does not have any relationship with Mr. Eugene Pong and he does not have any relationship with any other existing directors, executive officers, the Group and/or substantial shareholders of the Company and its principal subsidiaries. |
| Conflict of interests (including any competing business) | No |
| Working experience and occupation(s) during the past 10 years | March 2021 to March 2023: Auspac Financial Advisory Pty Ltd, Director November 2017 to August 2020: SBI Offshore Limited, Chief Operating Officer March 2017 to February 2018 CNMC Pulai Mining Sdn Bhd, Corporate Advisor January 2016 to February 2017 Pulai Mining Sdn Bhd, Executive Director April 2013 to December 2015 Avalon Capital Pte. Ltd. - Founder May 2012 to March 2013 Colossus Holdings Pte. Ltd. - Vice President, Finance & Investment |
| 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) | LCT Holdings Limited Auspac Financial Services Pty Ltd Auspac Management Services Pte Ltd Pulai Mining Sdn Bhd East Indonesia Mining Pte Ltd PT Selatan Arc Mineral RBV Energy (Singapore) Pte Ltd Ma Ji Xie (Tian Jin) Co., Ltd Fan Ma Fang Zhi (Tian Jin) Co., Ltd Solar Energy Investments Pte Ltd Sumberjaya Land and Mining Sdn Bhd Ascendance Limited Top Mining Limited Cytomed Therapeutics (Malaysia) Sdn Bhd |
| Present | Catalano Seafood Ltd, Non-Executive Director 9R Limited (f.k.a.Viking Offshore and Marine Limited), Independent Director Osteopore Limited, Executive Chairman LMIRT Management Ltd, Independent Director HS Optimus Holdings Limited, Independent Director mDR Limited, Lead Independent Director Avalon Partners Pte Ltd, Non-Executive Director Apeiron Agrocommodities Pte Ltd, Non-Executive Director (Note: Mr. Leong's role at Osteopore Limited entails mainly providing strategic direction and does not involve in the day-to-day operations as he is supported by the management team (including the Chief Executive Officer) of Osteopore Limited. Mr. Leong has also obtained concurrence from his Singapore publicly-listed companies as well as Osteopore Limited on the appointment as Executive Chairman of LifeBrandz Ltd. and has confirmed that he will be able to devote his time and attention to the Group's business operations.) |
| (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 | Please refer to Appendix A |
| (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 | 9R Limited (f.k.a. Viking Offshore and Marine Limited) LMIRT Management Ltd HS Optimus Holdings Limited mDR Limited LCT Holdings Limited Advance SCT Limited |