Change - Announcement of Appointment::Appointment of Executive Chairman

Issuer & Securities

Issuer/ Manager
DISA LIMITED
Securities
DISA LIMITED - SG0532000247 - 532
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
11-Dec-2024 19:54:19
Status
New
Announcement Sub Title
Appointment of Executive Chairman
Announcement Reference
SG241211OTHRPNKU
Submitted By (Co./ Ind. Name)
Noraini Latiff
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "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. Lee Khai Yinn (Registered Professional, SAC Capital Private Limited)
Address: 1 Robinson Road, #21-01 AIA Tower, Singapore 048542.
Telephone number: +65 6232 3210

Additional Details

Date Of Appointment
12/12/2024
Name Of Person
Chng Weng Wah
Age
62
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
28/10/2022
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 assessed the qualifications and experience of Mr Chng Weng Wah ("Mr. Chng"), is of the view that he has the requisite experience and capability to assume the duties and responsibilities of an Executive Chairman of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive

As Chairman of the Board, Mr. Chng is responsible for leading the Board and facilitating its effectiveness and his duties include promoting high standards of corporate governance.

As the Managing Director and Chief Executive Officer ("CEO") of the Company, Mr. Chng is responsible for setting the strategic direction of the Group together with the Board and spearheading the entire overall management in achieving the strategic goals.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman
Managing Director
CEO
Professional qualifications
1985 - Full Technological Certificate in Electrical Engineering Technicians, City & Guilds of London Institute
1988 - Diploma in Business Efficiency & Productivity (Marketing & Sales Management), National Productivity Board
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
2005 to Present - Group CEO and Managing Director, DISA Limited
2015 to 2017 - Group CEO/Managing Director, LifeBrandz Ltd.
2006 to 2011 - Director, Metech International Limited
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?
Yes
Shareholding Details
Direct interest: 1,058,970,850 ordinary shares in the Company and 402,000,000 employee share options
Deemed interest: 463,050,000 ordinary shares in the Company
# 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. FA Systems Automation (S) Pte. Ltd.
2. FA Technologies Pte. Ltd. (struck off)
3. Allegro Technology Pte. Ltd. (struck off)
4. Airvert Technology Pte. Ltd. (struck off)
5. Jobforesight Pte. Ltd. (struck off)
6. Singapore ESG Investment Pte. Ltd. (formerly knowns as ECSX Pte. Ltd.) (struck off)
7. Starbids Ventures Inc.(struck off)
8. Disa Insurance Company Limited (struck off)
9. FA Systems Automation (Thailand) Company Limited

Other Principal Commitments:
Nil

Present
Directorships:
1. Circle Globe Limited
2. Disa Digital Safety Pte. Ltd.
3. Digital Life Line Pte. Ltd.
4. Tigermar Holdings Pte. Limited
5. Treasure 8 Pte. Ltd.
6. Treasure 888 Pte. Ltd.


Other Principal Commitments:
Nil
(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?
Yes
If Yes, Please provide full details
Mr. Chng was previously found guilty by the Securities Industry Council ("SIC") for breaching the then Rule 33 of the Take-over Code for failing to make a mandatory general offer for the shares in the share capital of Serial System Ltd after acquiring more than 25% of the issued share capital of Serial System Ltd on 26 February 2001.

This information was disclosed in the announcement released to SGXST on 3 February 2005 in relation to Announcement of Appointment of Executive Director.
(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?
Yes
If Yes, Please provide full details
Please refer to Annexure A
(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?
Yes
If Yes, Please provide full details
Please refer to (h).
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Mr. Chng is currently a Managing Director and Chief Executive Officer of DISA Limited and was a director of LifeBrandz Ltd., AGV Group Limited, ASTI Holdings Limited and Metech International Limited which are listed on the SGX-ST.
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)
NA

Attachments

Disa - Annexure A.pdf
Total size =126K