Change - Announcement of Appointment::Appointment of Non-Executive Director

Issuer & Securities

Issuer/ Manager
Ayondo Ltd.
Securities
AYONDO LTD. - SG1ED1000001 - 1I5
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
02-Sep-2019 22:27:55
Status
New
Announcement Sub Title
Appointment of Non-Executive Director
Announcement Reference
SG190902OTHR1DBP
Submitted By (Co./ Ind. Name)
Foo Fatt Kah
Designation
Non-Executive Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Executive Director - Mr Tse Man Kit, Gilbert

ayondo Ltd. (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 26 March 2018. The initial public offering of the Company was sponsored by UOB Kay Hian Private Limited (the "Sponsor").

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the relevant rules of the 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 accuracy, completeness or correctness of any of the information, statements or opinions made, or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Date Of Appointment
02/09/2019
Name Of Person
Tse Man Kit, Gilbert
Age
48
Country Of Principal Residence
Hong Kong
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The appointment of Mr Tse Man Kit, Gilbert ("Mr Gilbert Tse") as Non-Executive Director of the Company was reviewed and approved by the Nominating Committee and the Board who, after taking into account his professional qualifications and working experience, are satisfied that Mr Gilbert Tse will be able to play a role in helping the Company develop proposals on strategy including the future direction and restructuring of the business of the Group, and is suitable for the role of Non-Executive Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director, Nominating Committee Member and Remuneration Committee Member.
Professional qualifications
1. Master of Applied Finance - Macquarie University, Australia
2. Bachelor of Business Administration - The Chinese University of Hong Kong
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
March 2019 - Present: Metori Investment Management (Zhuhai Hengqin) Co., Ltd - Corporate Director
August 2018 - Present: Metori Holdings (Hong Kong) Ltd - Corporate Director
January 2018 - Present: Guangzhou Lianggang Investment Consulting Co., Ltd. - Advisor on Corporate Strategy
October 2017 - Present: StormHarbour Securities (HK) Ltd - Advisor on asset management business
February 2015 - December 2017: Guangzhou Lianggang Investment Consulting Co., Ltd. - Director and Chief Executive Officer
April 2013 - October 2014: Lyxor Asset Management - Managing Director and Head of Asia
April 2013 - October 2014: Fortune SG Fund Management Co., Ltd - Non-Executive Director
November 2011 - March 2013: Fortune SG Asset Management (HK) Ltd - Non-Executive Director
March 2010 - March 2013: Fortune SG Fund Management Co., Ltd - Executive Vice General Manager
May 2007 - October 2009: Societe Generale Corporate and Investment Banking - Managing Director and Head of China, Global Markets Division
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)
Directorships:
1. Guangzhou Lianggang Investment Consulting Co., Ltd
2. Fortune SG Fund Management Co., Ltd

Other Principal Commitments:
1. Lyxor Asset Management - Managing Director and Head of Asia
2. Guangzhou Lianggang Investment Consulting Co., Ltd. - Chief Executive Officer
Present
Directorships:
1. Metori Holding (Hong Kong) Limited
2. Metori Investment Management (Zhuhai Hengqin) Co., Ltd

Other Principal Commitments:
1. Guangzhou Lianggang Investment Consulting Co., Ltd. - Advisor on Corporate Strategy
2. StormHarbour Securities (HK) Ltd - Advisor on asset management business

(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
The Company will arrange for Mr Gilbert Tse to receive training in the roles and responsibilities of a director of a listed company in Singapore as prescribed by the Exchange.