Change - Announcement of Appointment::Arrangements for Finance Manager

Issuer & Securities

Issuer/ Manager
FORISE INTERNATIONAL LIMITED
Securities
FORISE INTERNATIONALLIMITED - SGXE87077033 - 8A1
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Feb-2024 18:19:27
Status
New
Announcement Sub Title
Arrangements for Finance Manager
Announcement Reference
SG240201OTHREFCB
Submitted By (Co./ Ind. Name)
Wan Jinn Woei
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
As announced by the Company on 24 January 2024, the current Financial Controller, Ms Yap Yoke Peng ("Ms Yap"), will be resigning with effect from 31 March 2024.

As announced by the Company on 30 January 2024, while the Company seeks to appoint a suitable candidate to take over Ms Yap's role, it has made arrangements for a Finance Manager currently employed by its wholly-owned subsidiary, Forise International (M) Sdn Bhd ("Forise Malaysia"), to take on Ms Yap's responsibilities and bring the suitable candidate up to speed once he or she joins the Company, in order to facilitate a smooth transition.

The Company is therefore announcing the relevant information as required under Appendix 7.4.1 of the Listing Manual for the arrangement of Mr Tan Suiw Ho ("Mr Tan") to take on the additional responsibilities of acting in the aforesaid capacity.

Additional Details

Date Of Appointment
14/11/2022
Name Of Person
Tan Suiw Ho
Age
35
Country Of Principal Residence
Malaysia
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Mr Tan had joined Forise Malaysia in November 2022 as its Finance Manager. Prior to joining the Group, he had over 10 years of working experience in accounting and audit industries in private companies. During his time with the Group, he has worked closely with Ms Yap to oversee the Group's overall finance, accounting, regulatory compliance functions, including corporate governance and internal controls. In addition, he also assists Ms Yap in overseeing the financial operations, human resources, corporate secretarial and tax matters of the Company. Hence, he is familiar with the financial function of the Company and the role and scope overseen by Ms Yap.

Having considered his performance and qualifications, the Board is therefore of the view that he has the requisite capabilities and experience to act in the capacity as described above.
Whether appointment is executive, and if so, the area of responsibility
Prior to Ms Yap's effective date of cessation on 31 March 2024, Mr Tan will assist Ms Yap in a non-executive capacity on the scope of responsibilities as detailed above.

In the event that a suitable candidate is found to take over Ms Yap's role, Mr Tan will assist him or her in a non-executive capacity to facilitate a smooth transition of the role.

However, in the event that there is a period of time between Ms Yap's date of cessation and the date of appointment of the suitable candidate, Mr Tan will act in an executive capacity to ensure continuity in the functions of the role as detailed above.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Finance Manager
Professional qualifications
Certified Accounting Technician, ACCA Professional Level
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
Nov 2022 to Present - Finance Manager at Forise International (M) Sdn Bhd
Dec 2018 to Aug 2022 - Accountant at Master Links Industries Sdn Bhd
Mar 2017 to Apr 2018 - External Auditor at Roger Yue, Tan & Associates
July 2013 to Oct 2016 - External Auditor at H.S.Lee & Partners
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)
Dec 2018 to Aug 2022 - Accountant at Master Links Industries Sdn Bhd
Mar 2017 to Apr 2018 - External Auditor at Roger Yue, Tan & Associates
July 2013 to Oct 2016 - External Auditor at H.S.Lee & Partners
Present
Nov 2022 to Present - Finance Manager at Forise International (M) Sdn Bhd
(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
N/A - Not an appointment of a Director