Change - Announcement of Appointment::Appointment of Lead Independent Director

Issuer & Securities

Issuer/ Manager
MM2 ASIA LTD.
Securities
MM2 ASIA LTD. - SG1DC0000006 - 1B0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Aug-2024 20:09:17
Status
New
Announcement Sub Title
Appointment of Lead Independent Director
Announcement Reference
SG240801OTHROPQ8
Submitted By (Co./ Ind. Name)
Melvin Ang Wee Chye
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Appointment of Lai Hock Meng ("Mr Lai") as Lead Independent Director

Additional Details

Date Of Appointment
01/08/2024
Name Of Person
Lai Hock Meng
Age
68
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 Board of Directors is of the opinion that Mr Lai can contribute positively to the Company after reviewing the Nominating Committee's recommendation and Mr Lai's qualifications, extensive experience and suitability.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Lead Independent Director, Chairman of Audit Committee and Remuneration Committee and member of Nominating Committee
Professional qualifications
BA (Honours) in Economics, Cambridge University, UK
Chartered Financial Analyst, CFA Institute, USA
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
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
HML Consulting Group Pte Ltd, Singapore/ Chairman (October 2007 - July 2016) (June 2017 - Present)
Success Dragon International Holdings Ltd/ CEO & Executive Director (July 2007 - October 2015)
EC World Asset Management Pte Ltd/CEO & Executive Director (May 2015 - May 2017)
PureCircle (Jiangxi) Co., Ltd, Jiangxi, China/ Chairman & Legal Representative (May 2017 - May 2020)
Riverside Asia Partners Pte Ltd/ Executive Director (November 2017 - February 2020)
PureCircle Ltd/ CEO/ Executive Director (February 2020 - July 2020)
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
Mr Lai holds 360,000 shares in Unusual Limited and S$250,000 worth of convertible bonds in MMLive 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)
Director of:
1. Delong Holdings Ltd (SGX)
2. PureCircle Ltd (LSE)
3. PureCircle (Jiangxi) Co., Ltd.
4. Dragon Group International Ltd (SGX)
5. Riverside Asia Partners Pte Ltd
6. Riverside Asia Pacific Fund II Pte Ltd
7. DCM Asia Pte Ltd
8. Transcorp Holdings Ltd (SGX)
9. SB Global Ventures Pte Ltd
10. Stamford Raffles Consultants Pte Ltd
11. Global Wellness Group Pte Ltd
12. Quanshan Capital Management Pte Ltd
13. Quanshan Investment & Development (Singapore) Pte Ltd
14. Quanshan Tourism Development Pte Ltd
15. PureCircle (Shanghai) Co., Ltd.
16. Tee International Ltd
17. Champ Singapore HoldCo Pte Ltd
18. Champ Buyout III Pte Ltd
19. Universal Joy Pte Ltd
20. Huanghe Holdings Pte Ltd
21. Amaara Healthtec Pte Ltd
22. Debao Property Development Ltd (SGX)
23. Wellbeing Healthtech Pte Ltd
24. Champ Private Equity Pte Ltd
25. CPEC 8 Holdings Pte Ltd

Principal Commitments:
1. Independent non-executive director on the board of listed and private investment companies.
2. Consultant on corporate investment and business strategy.
Present
Director of:
1. Char Yong (Dabu) Foundation Ltd
2. HML Consulting Group Pte Ltd
3. Playhood Pte Ltd
4. PT Dexin Steel Indonesia
5. Cosmic Capital Ltd
6. Blue Ocean Capital Partners Pte Ltd
7. PICADS Sdn Bhd
8. HML Acquisitions Pte Ltd
9. Casa Holdings Ltd (SGX)
10. Fantastic Modern Sdn Bhd
11. Genius Chamber Sdn Bhd
12. Casa Property Development Sdn Bhd
13. Darco Water Technologies Ltd (SGX)
14. J&T Global Express Ltd (HKSE)

Principal Commitments:
1. PureCircle Ltd as consultant
2. Independent non-executive director on the board of listed and private investment companies.
3. Consultant on corporate investment and business strategy.
(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?
Yes
If Yes, Please provide full details
Please refer to Annex A.
(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?
Yes
If Yes, Please provide full details
Please refer to Annex B.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
1. Delong Holdings Ltd
2. Koh Brothers Eco Engineering Ltd
3. China Energy Ltd
4. China Essence Group Ltd
5. Accrelist Ltd
6. Livingstone Health Holdings Ltd
7. ASTI Holdings Ltd
8. Express Holdings Ltd
9. Transcorp Holdings Ltd
10. Dragon Group International Ltd
11. Tee International Ltd
12. CFM Holdings Ltd
13. EC World Asset Management Pte Ltd
14. Debao Property Development Ltd
15. Casa Holdings Ltd
16. Darco Water Technologies Ltd
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)
Mr Lai has had experience as a director of SGX-listed issuers, and accordingly, the Nominating Committee will not require Mr Lai to attend the relevant seminar(s) and/or course(s) conducted by the Singapore Institute of Directors on the roles and responsibilities of a director of a SGX-listed company.

Attachments

Annex A.pdf
Annex B.pdf
Total size =141K