Change - Announcement of Appointment::Re-designation of Non-Executive Director to Independent Director

Issuer & Securities

Issuer/ Manager
A-SMART HOLDINGS LTD.
Securities
A-SMART HOLDINGS LTD. - SG1CF3000008 - BQC
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
20-Dec-2023 17:58:15
Status
New
Announcement Sub Title
Re-designation of Non-Executive Director to Independent Director
Announcement Reference
SG231220OTHRWP7I
Submitted By (Co./ Ind. Name)
Lim Huan Chiang
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Re-designation of Mr. Loo Kenneth from Non-Executive Director to Independent Director of the Company with effect from 20 December 2023.

Additional Details

Date Of Appointment
20/12/2023
Name Of Person
Loo Kenneth
Age
59
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
29/11/2023
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board, with the recommendation from the Nominating Committee ("NC") has reviewed and is satisfied that none of the relationships and circumstances under the Listing Manual of the Singapore Exchange Securities Trading Limited and Code of Corporate Governance 2018 existed for Mr. Loo Kenneth ("Mr. Loo") as stated in the announcement of re-designation of Non-Executive Director to Independent Director released via SGXNet on the same day and has therefore approved Mr. Loo's re-designation from Non-Executive Director to Independent and Non-Executive Director and his appointment as a member of the Audit Committee, Remuneration Committee and Nominating Committee. The Board and NC are of the view that Mr. Loo will be able to exercise independent judgement in the discharge of his duties and responsibities as an Independent Director and act in the best interests of all the shareholders of the Company.
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 Director and a member of the Audit Committee, Nominating Committee and Remuneration Committee
Professional qualifications
Bachelor of Engineering (Civil) from the University of New South Wales in 1990 and MBA in Technology Management from Deakin University Australia/APESMA
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. Loo Kenneth was appointed as the Director of Straits Construction Group Pte. Ltd. in Year 2008.

He was subsequently appointed as the Executive Director ("ED") and General Manager of SC Group in July 2011 and ED and Chief Operating Officer in September 2014.
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)
The Singapore Contractors Association Limited
SCAL Resources Pte Ltd
Present
A-Smart Property Holdings Pte Ltd
Straits Construction Group Pte Ltd
Straits Construction Singapore Pte. Ltd.
Greyform Pte Ltd
Bathsystem Singapore Pte Ltd
Structure Focus Pte Ltd
SC Ferrotech Pte Ltd
Investment Focus Pte Ltd
Sustainable Focus Pte Ltd
Climbsafe Pte Ltd
SCAL Dormitory Pte Ltd
Singapore Construction Mediation







(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?
Yes
If Yes, Please provide details of prior experience
Mr Loo has been a Director of the Company since 2017.
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)
N.A.