Change - Announcement of Appointment::Appointment of Independent Non-Executive Chairman of the Board of the Company - Hor Siew Fu

Issuer & Securities

Issuer/ Manager
MEMIONTEC HOLDINGS LTD.
Securities
MEMIONTEC HLDGS LTD. - SGXE13155820 - TWL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
19-Jul-2024 17:37:03
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Chairman of the Board of the Company - Hor Siew Fu
Announcement Reference
SG240719OTHRDCXT
Submitted By (Co./ Ind. Name)
Tay Kiat Seng
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by Memiontec Holdings Ltd. (the "Company") and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by 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. Karen Soh, Managing Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Date Of Appointment
22/07/2024
Name Of Person
Hor Siew Fu
Age
73
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
28/04/2023
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board of Directors of the Company (the "Board") has reviewed and assessed the relevant professional and academic qualifications, working experience, suitability, expertise and independence of Mr Hor Siew Fu ("Mr Hor"), as well as the recommendation of the Nominating Committee ("NC") that Mr Hor be appointed as the Independent Non-Executive Chairman of the Board of the Company.

The Board is satisfied that Mr Hor has the requisite experience and capabilities to assume the duties and responsibilities as the Independent Non-Executive Chairman of the Board of the Company, and has approved the appointment of Mr Hor as the Independent Non-Executive Chairman of the Board of the Company. Mr Hor will remain as the Chairman of the Audit Committee ("AC") as well as a member of the NC and the Remuneration Committee ("RC").

The Board considers Mr Hor to be independent for the purposes of Rule 704(7) of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist.
Whether appointment is executive, and if so, the area of responsibility
Independent Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Chairman of the Board of the Company, Chairman of the AC, as well as a member of the NC and the RC
Professional qualifications
Bachelor of Accountancy, University of Singapore

Master of Business Administration, Macquarie University

Fellow Chartered Accountant of the Institute of Singapore Chartered Accountants

Fellow of the Association of Chartered Certified Accountants of United Kingdom

Professional (Life) Member of the Singapore Human Resources Institute
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
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Chief Financial Officer of Albedo Limited from 2014 until his retirement 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
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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

Director of:
- Q Industries & Trade Pte Ltd (Private company)
- Plastoform Holdings Limited (Delisted from SGX)

Principal Commitments
- Nil
Present
Directorships

Director of:
- Revez Corporation Limited (Listed on SGX)
- Edition Ltd. (Listed on SGX)
- CosmoSteel Holdings Limited (Listed on SGX)
- Datapulse Technology Limited (Listed on SGX)

The following Private Companies are subsidiaries of Datapulse Technology Limited:
- Datapulse Investment Pte. Ltd. (Private company)
- Capikor Pte. Ltd. (Private company)
- Capiti Investments Pte. Ltd. (Private company)
- Capiti Asset Management Pte. Ltd. (Private company)
- KPH Top Pte. Ltd. (Private company)
- KPH Pte. Ltd. (Private company)
- KPH 2 Pte. Ltd. (Private company)
- SPH Top Pte. Ltd. (Private company)
- SPH 1 Pte. Ltd. (Private company)

Principal Commitments
- 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
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
Incumbent Independent Non-Executive Director of the Company

Present Directorships of SGX companies (in addition to the Company):
- Revez Corporation Limited
- Edition Ltd.
- CosmoSteel Holdings Limited
- Datapulse Technology Limited

Past Directorships of SGX companies:
- Plastoform Holdings Limited (Delisted from SGX)
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.