Change - Announcement of Appointment::Appointment of Independent Director - Mr Ong Kim Huat

Issuer & Securities

Issuer/ Manager
KATRINA GROUP LTD.
Securities
KATRINA GROUP LTD. - SG1DA5000005 - 1A0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
31-May-2024 17:31:40
Status
New
Announcement Sub Title
Appointment of Independent Director - Mr Ong Kim Huat
Announcement Reference
SG240531OTHRPEW0
Submitted By (Co./ Ind. Name)
Alan Goh Keng Chian
Designation
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's Sponsor, Hong Leong Finance Limited. It has not been examined or approved by the Exchange and the Exchange 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 Vera Leong, Vice President, Hong Leong Finance Limited, at 16 Raffles Quay, #01-05 Hong Leong Building, Singapore 048581, telephone (+65) 6415 9881.

Additional Details

Date Of Appointment
01/06/2024
Name Of Person
Ong Kim Huat
Age
63
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 the Board have reviewed, assessed and concluded that Ong Kim Huat ("Mr Ong") possesses the requisite experiences, qualifications, skill sets and competencies to be an Independent Director of the Company. The Board has approved his appointment.

The Board considers Mr Ong to be independent for the purpose of Rule 704(7) and 406(3)(d) 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
Non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Remuneration Committee, member of the Audit Committee and Nominating Committee
Professional qualifications
Bachelor of Science Degree in Business Administration with double major in Marketing and Management from University of
Oregon, USA
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
2024 to present - Non-Executive Independent Director, Hiap Seng Industries Ltd
2022 to present - Chairman and Non-Executive Independent Director, Ellipsiz Ltd
2022 to present - Non-Executive Independent Director, New Toyo International Holdings Ltd
1998 to present - Managing Director, Reddot Media Inc. Pte Ltd
May 2021 to June 2021 - Non-Executive Independent Director, MC Payment Limited (now known as OxPay Financial Limited)
Jan 2020 to September 2020 - Non-Executive Independent Director, Hon Corporation Limited
2015 to 2016 - Chairman Government Parliamentary Committee, Ministry of Culture, Community and Youth
2011 to 2016 - Member of Parliament
2011 to 2016 - Chairman, Jurong Town Council
2010 to 2022 - National Trade Union Congress, U-Care Fund Board of Trustee
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)
National Trade Union
Congress, U-Care Fund Board of
Trustees
Hon Corporation Limited
MC Payment Limited (now known as OxPay Financial Limited)
Present
Ellipsiz Ltd
New Toyo International Holdings Ltd
Hiap Seng Industries Limited
Reddot Media Inc. Pte. Ltd.
(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?
Yes
If Yes, Please provide details of prior experience
Mr Ong is currently a Non-Executive Independent Director of Ellipsiz Ltd, New Toyo International Holdings Ltd and Hiap Seng Industries Limited.

He was also the Non-Executive Independent Director of Hon Corporation Limited and MC Payment Limited (now known as OxPay Financial Limited).

Apart from Hon Corporation Limited, the other companies are listed on the SGX-ST.