Change - Announcement of Appointment::Promotion of Lee Ban Sing to General Manager, person related to Director and Substantial Shareholder

Issuer & Securities

Issuer/ Manager
GRAND VENTURE TECHNOLOGY LIMITED
Securities
GRAND VENTURE TECHNOLOGY LTD - SGXE82751350 - JLB
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
16-Aug-2024 17:25:50
Status
New
Announcement Sub Title
Promotion of Lee Ban Sing to General Manager, person related to Director and Substantial Shareholder
Announcement Reference
SG240816OTHRHHNZ
Submitted By (Co./ Ind. Name)
Lee Tiam Nam
Designation
Executive Deputy Chairman
Description (Please provide a detailed description of the event in the box below)
Promotion of Mr Lee Ban Sing ("Mr Lee") from Assistant Manager of Procurement to General Manager of Grand Venture Technology Limited (the "Company").

Note: This is not an Executive Officer role as defined under SGX-ST Listing Manual.

Additional Details

Date Of Appointment
01/07/2024
Name Of Person
Lee Ban Sing
Age
35
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)
After evaluating Mr Lee's experience and his potential to further contribute to the Company, management has proposed his promotion with effect from 1 July 2024.

The Board of Directors (the "Board") of the Company, after due consideration of internal capability development, Mr Lee's working experience, performance, contributions, and the recommendations from the Nominating Committee, has approved Mr Lee's promotion to General Manager of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive.
Note: This is not an Executive Officer role as defined under SGX-ST Listing Manual.

Responsibilities include overall operations, including production, assembly, quality and procurement at Grand Venture Technology Limited.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
General Manager
Professional qualifications
Bachelor of Business - University of Newcastle (Australia)
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
Son of Mr Lee Tiam Nam, Executive Deputy Chairman, Executive Director of the Group and substantial shareholder of the Company.
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
Grand Venture Technology Limited (2019 - Current)
- Procurement Assistant Manager (July 2021 to June 2024)
- Procurement Engineer (February 2019 to June 2021)

Poh Chuan Electrical Pte Ltd
- Procurement executive (December 2017 to December 2018)

Ministry of Foreign Affairs
- Foreign Service Administration Specialist (December 2016 to December 2017)

Grand Venture Technology Pte Ltd
- Project Engineer (September 2013 to December 2016)
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct interest in 15,000 shares of 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)
Nil
Present
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?
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.