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Change - Announcement Of Promotion Of Group CFO To Group CFO And Head Of Overseas Development
BackDec 30, 2022
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Dec 30, 2022 17:36 |
| Status | New |
| Announcement Sub Title | Promotion of Group CFO to Group CFO and Head of Overseas Development |
| Announcement Reference | SG221230OTHROAF3 |
| Submitted By (Co./ Ind. Name) | Ong Chu Poh |
| Designation | Executive Chairman and Group Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Promotion of Group Chief Financial Officer to Group Chief Financial Officer and Head of Overseas Development. This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor, DBS Bank Ltd. ("Sponsor") for compliance with the Catalist Rules. The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST. The SGX-ST assumes no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement. The contact persons of the Sponsor are Mr Goh Chyan Pit, Managing Director and Mr Kelvin Wong, Senior Vice President, who can be contacted at 12 Marina Boulevard, Level 46, Marina Bay Financial Centre Tower 3, Singapore 018982, Telephone +65 6878 8888. |
| Additional Details | |
| Date Of Appointment | 01/01/2023 |
| Name Of Person | Kang Shwu Huey |
| Age | 42 |
| 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 and Audit Committee having reviewed had considered Ms. Kang Shwu Huey's ("Ms. Kang") qualification, working experiences, capabilities and her contributions to the Group, is of the view that Ms. Kang will have the capacity and is able to assume her expanded role of Group Chief Financial Officer and Head of Overseas Development position. The Board has approved the promotion of Ms. Kang from Group Chief Financial Officer to Group Chief Financial Officer and Head of Overseas Development. |
| Whether appointment is executive, and if so, the area of responsibility | Executive. As Group Chief Financial Officer, Ms. Kang is responsible for the corporate finance and treasury, accounting shared services, reporting, tax, legal and risk management functions across our businesses. As Head of Overseas Development, Ms. Kang supports the Group Chief Executive Officer in overseas development of the Group including but not limited to the existing market, i.e. Malaysia and China. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Group Chief Financial Officer and Head of Overseas Development. |
| Professional qualifications | Bachelor of Accounting with Honours from National University of Malaysia Chartered Accountant of Malaysia |
| 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 | No |
| Conflict of interests (including any competing business) | No |
| Working experience and occupation(s) during the past 10 years | Prior to joining our Group, Ms. Kang was the group financial controller in Breadtalk Group Pte. Ltd. Ms. Kang has more than 18 years of experience in financial management and audit. She began her career in 2004 as an audit cum tax assistant at audit firm K. H. Lim & Co in Malaysia. She was then employed by BDO Raffles (now known as BDO LLP) in Singapore as an associate consultant and subsequently became an audit senior from 2007 to 2010. From 2010 to 2012, Ms. Kang served as the group assistant finance manager of Excelpoint System (Pte) Ltd, a wholly owned subsidiary of Excelpoint Technology Ltd. which is listed on the Mainboard of the SGX-ST. In 2012, Ms. Kang became the finance manager of Breadtalk Group Pte. Ltd., which was previously listed on the Mainboard of the SGX-ST, and was later promoted to group senior finance manager in 2014 and group financial controller in 2016. |
| 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) | Nil |
| Present | 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? | 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 |