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

Issuer & Securities

Issuer/ Manager
ASTAKA HOLDINGS LIMITED
Securities
ASTAKA HOLDINGS LIMITED - SG1CB5000005 - 42S
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
03-Jul-2026 18:01:45
Status
New
Announcement Sub Title
Appointment of Non-Executive and Non-Independent Director
Announcement Reference
SG260703OTHRF6XX
Submitted By (Co./ Ind. Name)
Khong Chung Lun
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Lim Thow Loon as a Non-Executive and Non-Independent Director of the Company.

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited ("Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 Audrey Mok, at 1 Robinson Road, #21-01 AIA Tower, Singapore 048542, telephone: (65) 6232 3210.

Additional Details

Date of appointment
03/07/2026
Name of person
Lim Thow Loon
Age
57
Country of principal residence
Malaysia
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board of Directors, having considered the assessment and recommendation by the Nominating Committee ("NC"), and having reviewed and considered Mr Lim Thow Loon's qualification and experiences, is of the view that Mr Lim possesses the requisite experiences and capabilities to assume the role as a Non-Executive and Non-Independent 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 and Non-Independent Director
Professional qualifications
Executive Management Education - Condensed EMBA and Principal EMBA
A PLUS BOSS - Entrepreneur Education Platform, Kuala Lumpur, Malaysia.
In strategic partnership with Shanghai Action Education Technology.
Certificate in Radio and Colour Television Servicing (1987), Asia Institute of Electronics (AIE), Malaysia.
Working experience and occupation(s) during the past 10 years
2022 to Present - Evergrown Group, Group Chief Executive Officer and Executive Director
2019 to Present - TE Technology Sdn. Bhd., Director
2006 to Present - Evergrown Technology Sdn. Bhd., Evergrown Coating Sdn. Bhd., PT Evergrown Technology, Managing Director
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
Mr Lim is currently the Chief Executive Officer and Executive Director of Evergrown Holdings Berhad and its wholly-owned subsidiaries, EV Sun Sdn. Bhd. and EV Lighting Sdn. Bhd. ("EVL") (collectively, the "Evergrown Group") as well as a shareholder holding a direct interest of 50.54% in Evergrown Holdings Berhad, while Tan Sri Dato' Dr Daing A Malek Bin Daing A Rahaman, being the controlling shareholder of the Company, has a deemed interest of 4.50% in Evergrown Holdings Berhad.
Conflict of interest (including any competing business)
EVL is the appointed OEM manufacturer of the SUN ONLIT (SOL) Sterilisation LED product range, which is owned and to be commercialised by the Company through its subsidiary, SOL Tech (S) Pte. Ltd. On 26 February 2026, EVL has entered into an exclusive agreement with the Group, which may give rise to interested person transactions which will be subject to the requirements under Chapter 9 of the Catalist Rules.

In addition, the Evergrown Group is in the HealthTech sterilisation lighting and commercial LED solutions business which is similar to the Group's new business. However, it is envisaged that the Evergrown Group and the Group will not experience direct competition due to the nature of the products and the target customers where the Evergrown Group is in B2B business, and the Group will be in B2C business.

In assessing Mr Lim's suitability, the NC and the Board took into account (i) his background, experience, industry knowledge, technical expertise, innovation leadership, professional qualifications and network connections which are expected to contribute meaningfully to the Group's diversification and future growth in Sterilisation LED products, as well as the sale and distribution of other health-tech related products, and the provision of other related and ancillary services or activities in connection or which complements with the foregoing business and activities in the Sterilisation LED business; (ii) he will not be involved in the day-to-day management of the Group's business as a Non-Executive and Non-Independent Director; and (iii) his professional aptitude and commitment towards managing, full disclosure and preventing any potential conflicts of interest between the Company and the Evergrown Group and/or its affiliates and that he will recuse himself should such circumstances arise and in decisions involving the issue/conflict.
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)
1. ACE Automation & Robotics Sdn. Bhd.
Present
1. Evergrown Holdings Berhad
2. EV Sun Sdn. Bhd.
3. EV Lighting Sdn. Bhd.
4. TE Technology Sdn. Bhd.
5. Evergrown Technology Sdn. Bhd.
6. Evergrown Coating Sdn. Bhd.
7. PT Evergrown Technology
8. LFI Realty Sdn. Bhd.
9. LIFT Realty Sdn. Bhd.
10. YiChang Industries Sdn. Bhd. (undergoing winding up)
11. EV Sun (SG) Pte. Ltd.
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.
The Company will make arrangements for Mr Lim to attend the requisite training on the roles and responsibilities of a director of a listed issuer prescribed by the Exchange within one year from the date of his appointment to the Board.
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