Change - Announcement of Appointment::Appointment of Group Chief Financial Officer

Issuer & Securities

Issuer/ Manager
BUND CENTER INVESTMENT LTD
Securities
BUND CENTER INVESTMENT LTD - BMG1792W1367 - BTE
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
02-Apr-2026 06:45:01
Status
New
Announcement Sub Title
Appointment of Group Chief Financial Officer
Announcement Reference
SG260402OTHR59GQ
Submitted By (Co./ Ind. Name)
Phoebe Luo Jiaru
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Group Chief Financial Officer

Additional Details

Date of appointment
27/04/2026
Name of person
Ng Chiou Gee Willy
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 noted that Mr Chew Yow Foo, who currently serves as Executive Director and Chief Financial Officer of the Company, will retire as a Director at the conclusion of the annual general meeting to be held on 24 April 2026 ("2026 AGM") and will accordingly cease to serve as Chief Financial Officer of the Company with effect from the conclusion of the 2026 AGM. Upon the recommendation of the Nominating Committee, the Board approved the appointment of Mr Ng as Group Chief Financial Officer of the Company, having regard to his qualifications, experience and competencies, his current role as Chief Financial Officer of Shanghai Golden Bund Real Estate Co., Ltd. (the Group's principal operating subsidiary), and his broader experience across the Group's finance, reporting, governance and internal control functions.
Whether appointment is executive, and if so, the area of responsibility
Executive.
Mr Ng will be responsible for the overall finance leadership of the Group, including group financial reporting, management reporting, budgeting and forecasting, treasury, tax, internal controls, sustainability reporting coordination, and support for Board, Audit Committee and governance-related matters. He will also oversee and coordinate finance matters across the Group's operating and holding entities, including the Group's principal operating subsidiary, Shanghai Golden Bund Real Estate Co., Ltd. Mr Ng will concurrently oversee the finance function of Shanghai Golden Bund Real Estate Co., Ltd. in his capacity as Group Chief Financial Officer. The Board is satisfied that this consolidated structure is operationally appropriate and commensurate with the Group's size and organisational design.
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Financial Officer
Professional qualifications
Fellow Chartered Accountant of Singapore (FCA (Singapore))
Fellow of the Association of Chartered Certified Accountants (FCCA)
Working experience and occupation(s) during the past 10 years
1. Shanghai Golden Bund Real Estate Co., Ltd.
July 2025 to present: Chief Financial Officer
December 2023 to June 2025: Chief Corporate Risk Management Officer

2. Primewyn Management & Services Pte. Ltd. (a wholly owned subsidiary of the Company)
November 2023 to present: Head of Risk and Compliance

3. Moore Stephens LLP
October 2005 to September 2023: Partner & Head, Business Advisory & China Group
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
None
Conflict of interest (including any competing business)
None
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)
Moore Stephens LLP ("MS")
Moore Business Advisory Pte. Ltd. ("MBA")
Moore Stephens Consultants Pte Ltd ("MSC")
(MBA and MSC are business entities within the MS practice)
Present
Nil
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?
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