Change - Announcement of Appointment::Appointment of Executive Vice Chairman

Issuer & Securities

Issuer/ Manager
KENCANA AGRI LIMITED
Securities
KENCANA AGRI LIMITED - SG1CE4000000 - BNE
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
24-Apr-2026 19:40:43
Status
New
Announcement Sub Title
Appointment of Executive Vice Chairman
Announcement Reference
SG260424OTHR3EXJ
Submitted By (Co./ Ind. Name)
Ms Ratna Maknawi
Designation
Executive Vice Chairman
Description (Please provide a detailed description of the event in the box below)
The Board of Directors wishes to announce the appointment of Mr Albert Maknawi ("Mr Maknawi") as the Executive Vice Chairman. Mr Maknawi will remain as Chief Executive Officer.

Additional Details

Date of appointment
01/05/2026
Name of person
Albert Maknawi
Age
45
Country of principal residence
Indonesia
Date of last re-appointment (if applicable)
24/04/2026
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Company is entering an important phase of leadership transition. To ensure stability and continuity during this period, it is proposed that two Executive Vice Chairman be in place during the transitional period.

The dual Executive Vice Chairman structure broadens leadership participation at Board level and reduced keyperson dependency risk during the transition period. It strengthens institutional continuity and reinforces governance resilience.
Whether appointment is executive, and if so, the area of responsibility
Executive - Responsible for the overall business strategies and the policies of the Group. Mr Maknawi will remain as the Group's CEO and will continue to oversee the Group's overall operating activities, including strategic planning of the Group. In addition, he provides support as vice chairman, focusing on the management responsibilities.
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Vice Chairman, Executive Director and Chief Executive Officer.
Professional qualifications
Mr Maknawi graduated in 2004 from the University of Melbourne, Australia with a Bachelor of Engineering (Honours) and a Bachelor of Commerce.
Working experience and occupation(s) during the past 10 years
Chief Executive Officer
2018 to current - Responsible for the overall business strategics and policies of the Group.

Chief Operating Officer
2011 Overseeing the Group s overall operating activities, including strategic planning for the Group.

Deputy Chief Operating Officer
2010 Assisting the Chief Operating Officer on the day-to-day operations, including strategic planning for the Group.

Director of Subsidiaries:
2017
- PT Sawit Permai Lestari
- PT Wira Palm Mandiri
- PT Mentari Bangun Persada
- PT Citra Megah Kencana
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding details
2,561,380 shares held in the name of DBS Nominees Pte Ltd.
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
Son of Mr Henry Maknawi, Executive Chairman and Nephew of Ms Ratna Maknawi, Executive Vice-Chairman.
Conflict of interest (including any competing business)
NIL
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)
- Enco Power Pte. Ltd.
- Global Eastern Capital Pte. Ltd.
Present
- PT Sawit Permai Lestari
- PT Wira Palm Mandiri
- PT Mentari Bangun Persada
- PT Citra Megah Kencana
- PT Bumi Permai Sentosa
- Sawindo Agri Pte. Ltd.
- PT Belitung Energy
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?
Yes
If yes, please provide details of prior experience.
Mr Albert Maknawi is an Executive Director of Kencana Agri Limited.