REPL::Change - Announcement of Appointment::Appointment of Chief Executive Officer and Executive Director

Issuer & Securities

Issuer/ Manager: OLIVE TREE ESTATES LIMITED
Securities: OLIVE TREE ESTATES LIMITED - SG1EB5000001 - 1H2
Stapled Security: No

Announcement Details

Announcement Title: Change - Announcement of Appointment
Date &Time of Broadcast: 18-Mar-2026 22:01:12
Status: Replacement
Announcement Sub Title: Appointment of Chief Executive Officer and Executive Director
Announcement Reference: SG260317OTHRX31P
Submitted By (Co./ Ind. Name): Daniel Long Chee Tim
Designation: Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below): Appointment of Huang Da as Chief Executive Officer and Executive Director.

This announcement supersedes the announcement: Change - Announcement of Appointment - Appointment of Chief Executive Officer and Executive Director (Announcement Reference No. SG260317OTHRX31P) released on 17 March 2026 at 22:42:08 ("Previous Announcement"), so as to update Mr Huang Da's correct shareholding details. Save for the above, there are no other changes to the Previous Announcement.

This document has been reviewed by the Company's Sponsor, Evolve Capital Advisory Private Limited. It has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr. Lay Shi Wei (Tel: (65) 6241 6626), at 160 Robinson Road, #20-01/02, SBF Center, Singapore 068914.

Additional Details

Date of appointment: 17/03/2026
Name of person: Huang Da
Age: 37
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 of the Company, having reviewed and considered the Nominating Committee's assessment of Mr Huang Da's qualifications, experience and suitability, is satisfied that Mr Huang possesses the requisite experience and qualifications to assume the responsibilities as Chief Executive Officer and Executive Director of the Company and he will contribute towards the core competencies, skills and diversity of the Board.
Whether appointment is executive, and if so, the area of responsibility: Executive. Mr Huang Da is responsible for the overall management and day to day operations of the Group.
Job title (e.g. Lead ID, AC Chairman, AC Member etc.): Chief Executive Officer and Executive Director
Working experience and occupation(s) during the past 10 years: September 2012 - June 2013
Research and Development Analyst, High Definition Energy, USA.
Responsibilities: Responsible for research and development of energy market electricity hedging strategies, achieving approximately 30% investment performance.

December 2013 - October 2019
Product Manager, Investment Manager, General Manager, and Vice President, You Shan Fund, Shanghai, China
Responsibilities:
-Managed a portfolio of over 20 diversified fund products.
-Oversaw all phases of fund management including market analysis, asset allocation, and risk management.
-Developed strategic investment plans that significantly increased fund performance.
-Led the expansion of the investment center, achieving substantial growth in assets under management.

August 2020 to Present
Executive Director, Shanghai Yaoqing Technology Co., Ltd.

July 2020 - Present
Executive Director, Shanghai Qianqing Technology Co., Ltd.

August 2020 - Present
Executive Director, Chairman, and Head of Strategic Investment Department, Shanghai Lingyi New Materials Co., Ltd. (formerly Shanghai Lingyi Technology Co., Ltd.)
Responsibilities:
-Spearheaded the acquisition and strategic integration of Willing New Energy Co., Ltd., positioning the firm as a leader in the new energy sector.
-Orchestrated a comprehensive business transformation focused on the lithium battery supply chain from mining to market.
-Developed and implemented innovative strategies that significantly enhanced corporate growth and industry positioning.
-Achievements: Led the acquisition of control in Willing New Energy Co., Ltd. (formerly Anshan Heavy Mining Machinery Co., Ltd.), making Shanghai Lingyi the controlling shareholder. Directed the business transformation focusing on the
upstream industry chain of the new energy lithium battery sector, and completed the mining, selection, smelting industry layout from mines to lithium carbonate products.
Shareholding interest in the listed issuer and its subsidiaries: Yes
Shareholding details: Mr Huang Da has a deemed interest in 100,987,786 ordinary shares (87.17%) of the Company held through his spouse, Ms Liu Lianlian. Ms Liu Lianlian holds 100% of the shares in Advansory Investment Pte. Ltd. ("AIPL") and hence is deemed interested in the 100,987,786 ordinary shares (87.17%) held by AIPL.
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: No
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): Nil
Present: -Executive Director, Shanghai Yaoqing Technology Co. Ltd
- Executive Director, Shanghai Qianqing Technology Co. Ltd.
- Executive Director, Chairman, and Head of Strategic Investment Department, Shanghai Lingyi New Materials Co., Ltd. (Formerly shanghai Lingyi Technology Co. 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.: Mr Huang Da will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange.

Related Announcements

Related Announcements: 17/03/2026 22:42:08