Change - Announcement of Appointment::Announcement of Appointment of Chairman and Executive Director

Issuer & Securities

Issuer/ Manager
ADVENTUS HOLDINGS LIMITED
Securities
ADVENTUS HOLDINGS LIMITED - SG1P24916816 - 5EF
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
26-Jan-2023 17:48:41
Status
New
Announcement Sub Title
Announcement of Appointment of Chairman and Executive Director
Announcement Reference
SG230126OTHRPTVQ
Submitted By (Co./ Ind. Name)
Chin Rui Xiang
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
This announcement had been prepared by the Company and its contents have been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST. The SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinion made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Khong Choun Mun, Registered Professional, RHT Capital Pte. Ltd., 36 Robinson Road, #10-06 City House Singapore 068877, sponsor@rhtgoc.com.

Additional Details

Date Of Appointment
26/01/2023
Name Of Person
Chin Bay Ching
Age
66
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 appointment of Mr Chin Bay Ching as Chairman and Executive Director was recommended by the Nominating Committee. The Board has reviewed, assessed and concluded that Mr Chin Bay Ching possesses the requisite experience and capabilities to carry out his duties. He has been appointed based on his professional experience, extensive contacts with key players of various industries and potential to contribute towards the core competences of the Board of Directors of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive - Responsible for the overall strategic planning, business, management and operation of the Company and its subsidiaries.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman and Executive Director
Professional qualifications
Professional Diploma in Quantity Surveying from Royal Melbourne Institute of Technology, 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
Mr Chin Bay Ching is the controlling shareholder of the Company, father of Mr Chin Rui Xiang (Executive Director of the Company) and father-in-law of Mr Wong Sonny Wing Doug (Project Director of the Company).
Conflict of interests (including any competing business)
Mr Chin Bay Ching has acknowledged on the letter of undertaking regarding his non-compete undertaking and Right of First Refusal.
Working experience and occupation(s) during the past 10 years
1. FIESTA DEVELOPMENT PTE LTD (2007 - Present)
Project: Bay Hotel Singapore at 50 Telok Blangah, Singapore
2. ADVENTUS HOLDINGS LIMITED (2014 - 2019)
Investment: Property development and hospitality
3. ROCKDALE DEVELOPMENT PTE LTD (2007 - 2013) (Struck-off)
Project: Semi-detached house at Greenmead Ave, Singapore
4. BAY DEVELOPMENT PTE LTD (2007 - 2018) (Struck-off)
Project: 2-storey semi-detached house at 31 Goldhill Ave, Singapore
5. SPRINGFIELD INVESTMENT PTE LTD (2011 - Present)
Secretary
6. LANGSTON KEY INVESTMENT PTE LTD (2007 - 2013) (Struck-off)
Project: Good Class Bungalow at 8 Namly Crescent, Singapore
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?
Yes
Shareholding Details
Direct interest: 506,739,359 ordinary shares
Deemed interest: 249,865,772 ordinary shares held in the name of Citibank Nominees Singapore Pte Ltd
# 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)
1. Adventus Holdings Limited
2. Adventus Alliances & Solutions Pte. Ltd
3. Northern Cardinal Commodities Pte Ltd
4. Adventus Investments (Vietnam) Pte Ltd
5. ADV S1 Pte Ltd
6. ADV S2 Pte Ltd
7. ADV S3 Pte Ltd
8. Regis Bay Vietnam Investment Joint Stock Company
9. Hoi An Pearl Joint Stock Company
10. Fiesta Resources Pte Ltd
11. Firotti Holdings Pte Ltd
12. Green Electric Energy Pte Ltd
13. Bay's Gift's Pte Ltd
14. Bay Development Pte Ltd
15. Fresh Fruits Pte Ltd
16. Crimson Star Development Pte Ltd
17. Altenergy Pte Ltd
18. Keycap Investment Pte Ltd
19. Marbella Investment Pte Ltd
20. Bay Investment Holding Pte Ltd
Present
1. Fiesta Development Pte Ltd
2. Beaufort Investment Pte. Ltd.
3. Bay Hotel & Resort Pte. Ltd.
4. Bay Asia Investments Pte. Ltd.
5. Glory Investment Holding Pte. Ltd.
6. Whistler Investment Holding Pte. Ltd.
7. 1st Orient Pte. Ltd.
8. Cathay Overseas International Pte. Ltd.
9. NBN Resources (S) Pte Ltd
10. Lvmin Energy Pte Ltd
11. Botany Development Pte Ltd
12. Sino United Holding Pte Ltd
13. Oil Gas Pte Ltd
14. China Supply Alliance Pte Ltd
15. Piz' Place Pte Ltd
16. Raffles Metalpack Pte Ltd
17. Globe Aviation Pte Ltd
(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?
Yes
If Yes, Please provide full details
There was an application filed against him after he ceased as a director and the application was subsequently withdrawn on 4 July 2019.
(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?
Yes
If Yes, Please provide full details
I was disqualified from acting as a director under section 155 of the Singapore Companies Act from 1 November 2001 to 31 October 2006. The disqualification was due to failure to cause certain companies for which I was a director of to file annual accounts and annual returns.
(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
Executive Director and Chairman of Adventus Holdings Limited from 25 July 2014 to 13 May 2019