Change - Announcement of Appointment::Appointment of Acting Chief Executive Officer

Issuer & Securities

Issuer/ Manager
IPS SECUREX HOLDINGS LIMITED
Securities
IPS SECUREX HOLDINGS LIMITED - SG1BJ0000005 - 42N
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
20-Sep-2024 19:11:25
Status
New
Announcement Sub Title
Appointment of Acting Chief Executive Officer
Announcement Reference
SG240920OTHRKMB5
Submitted By (Co./ Ind. Name)
Ong Beng Chye
Designation
Independent Non-Executive Chairman
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by IPS Securex Holdings Limited ("Company") and has been reviewed by the Company's sponsor, United Overseas Bank Limited ("Sponsor"), for compliance with Rules 226(2)(b) and 753(2) 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. 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 Mr. David Tham, Senior Director, Equity Capital Markets, who can be contacted at 80 Raffles Place, #03-03 UOB Plaza 1, Singapore 048624, Telephone: +65 6533 9898.

Additional Details

Date Of Appointment
20/09/2024
Name Of Person
Boey Teik Heng
Age
42
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 Board, having considered the recommendation of the Nominating Committee and having reviewed and assessed his credentials, qualifications and working experiences, is of the view that Mr. Boey Teik Heng ("Mr. Boey") has the requisite experience and capabilities to assume the role and responsibility as the Acting Chief Executive Officer of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive. Responsible for overall business development, strategic planning and operations of the Company and its subsidiaries (the "Group").
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Acting Chief Executive Officer
Professional qualifications
Diploma in Marketing & Sales Management from the PSB Academy in collaboration with the University of Cambridge
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
Mr. Boey is the Deputy Chief Operating Officer of Securex GS Pte Ltd, the General Security Products division of the Group.

Mr. Boey joined the Group as Vice President of Operations on 1 August 2017 and was responsible for the strategic planning, overall management and business development of the General Security Products division. In March 2020, Mr. Boey was promoted to General Manager to manage the sales and operations of the General Security Products division.

Mr. Boey has more than 20 years of experience in the security industry. He gained various experience in sales, service and project management related matters from managerial positions held in Johnson Controls, Tyco Fire, Security and Services, TJ Systems and Aeqon between 2005 to 2017. In particular, he was a sales director of TJ Systems Pte. Ltd. between 2014 and 2017. He is well versed in the design and implementation of integrated security management, cyber security operations and technology solutions.

Mr. Boey holds a Diploma in Marketing & Sales Management awarded to him in 2011 by the PSB Academy in collaboration with the University of Cambridge. He has also completed several courses and certifications including the "AWS Certified Solutions Architect", "TAPA Facility Security Requirements (FSR) 2023 Authorised Auditor (AA)", and "ISO/IEC 27001:2013 and ISO 22301: 2019 Internal Auditor", which further adds to his qualifications and expertise.
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)
Nil
Present
Securex GS 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?
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
Not applicable. The appointment is not as a Director of the Company.