Change - Announcement of Appointment::Appointment of Independent and Non-Executive Director - Mr Tay Boon Zhuan

Issuer & Securities

Issuer/ Manager
JUBILEE INDUSTRIES HOLDINGS LTD.
Securities
JUBILEE INDUSTRIES HLDGS LTD - SGXE67467741 - NHD
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
29-Dec-2025 20:20:15
Status
New
Announcement Sub Title
Appointment of Independent and Non-Executive Director - Mr Tay Boon Zhuan
Announcement Reference
SG251229OTHRREEX
Submitted By (Co./ Ind. Name)
Dato' Terence Tea Yeok Kian
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Tay Boon Zhuan as Independent and Non-Executive Director

This announcement has been reviewed by the Company's sponsor, Evolve Capital Advisory Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange 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 Jerry Chua (Tel: (65) 6241 6626), at 160 Robinson Road, #20-01/02, SBF Center, Singapore 068914.

Additional Details

Date of appointment
29/12/2025
Name of person
Tay Boon Zhuan
Age
45
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 Nominating Committee has recommended the appointment of Mr Tay Boon Zhuan ("Mr Tay") as Independent and Non-Executive Director of the Company.

The Board, having considered the recommendation of the Nominating Committee and having assessed Mr Tay's qualifications, experience and suitability, is of the view that he has the requisite experience and capabilities to assume the duties and responsibilities as an Independent and Non-Executive Director of the Company. Mr Tay will also be appointed as a member of the Audit Committee, Nominating Committee and Remuneration Committee of the Company.

The Board considers Mr Tay to be independent for the purpose of Rule 704(7) of the Catalist Rules.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent and Non-Executive Director, member of the Audit Committee, Nominating Committee and Remuneration Committee
Professional qualifications
Bachelor of Accountancy (First Class Honours), Nanyang Technological University
Fellow Chartered Accountant of Singapore, Institute of Singapore Chartered Accountants
ASEAN CPA, ASEAN Chartered Professional Accountant Coordinating Committee
Working experience and occupation(s) during the past 10 years
October 2025 - Present
Chief Financial Officer, Optimal AI Pte. Ltd.

June 2020 - January 2024
Senior Director (Finance), Geniebook Pte. Ltd.

August 2018 - June 2020
Chief Financial Officer, Intraco Limited

December 2017 - August 2018
Chief Financial Officer, Heatec Jietong Holdings Ltd.

September 2015 - December 2017
Head of Internal Audit, China Yuchai International Limited
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
Nil
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)
Directorships:
Sincap Group Limited (currently known as Skylink Holdings Limited)
Present
Directorships:
1. Elev8te Business Services Pte Ltd
2. Polaris Ltd.
3. Sen Yue Holdings Limited
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
Yes
If yes, please provide full details.
On 12 April 2024, Sen Yue Holdings Limited ("SYHL") received an order under Section 20 of the Criminal Procedure Code 2010 (the "Order") from the Enforcement Department of the Monetary Authority of Singapore ("MAS"). Pursuant to the Order, SYHL was required to provide certain documents to assist with the MAS' investigation into offences under the Securities and Futures Act 2001. SYHL has furnished certain documents to MAS, including documents between August 2020 to August 2022.

The documents requested by MAS relate to a period during which the Company was under Judicial Management. Mr Tay was not a member of the Board during this period. Based on the information available to Mr Tay, the subject matter of the investigation does not appear to be directed at SYHL.
(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.
1. Sincap Group Limited (currently known as Skylink Holdings Limited) (March 2021 - June 2025)
2. Sen Yue Holdings Limited (August 2022 - Present)
3. Polaris Ltd. (March 2024 - Present)
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.