Change - Announcement of Appointment::Appointment of Interim Chief Executive Officer

Issuer & Securities

Issuer/ Manager
KITCHEN CULTURE HOLDINGS LTD.
Securities
KITCHEN CULTURE HOLDINGS LTD. - SG2D45972171 - 5TI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
14-Jul-2021 12:17:26
Status
New
Announcement Sub Title
Appointment of Interim Chief Executive Officer
Announcement Reference
SG210714OTHRA7L9
Submitted By (Co./ Ind. Name)
Hao Dongting
Designation
Non-Executive Chairperson
Description (Please provide a detailed description of the event in the box below)
Appointment of Interim Chief Executive Officer.

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Lee Khai Yinn (Tel (65) 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Date Of Appointment
08/07/2021
Name Of Person
Lincoln Teo Choong Han
Age
52
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board has reviewed and considered the qualifications and work experience of Mr Lincoln Teo Choong Han ("Mr Teo") and concluded that Mr Teo possesses the requisite experience to carry out his duties as Executive Director and Interim Chief Executive Officer of the Group. Accordingly, the Board approved his appointment as Executive Director and Interim Chief Executive Officer of the Group.
Whether appointment is executive, and if so, the area of responsibility
Executive. As the current Executive Director, Mr Teo is responsible for managing the Company's digital transformation process and the new technology business arm of the Group. As Interim Chief Executive Officer, Mr Teo will be responsible for formulating the Group's strategic directions and expansion plans, as well as overseeing the sales, marketing and business development of the Group in the interim.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Interim Chief Executive Officer
Professional qualifications
Bachelor of Arts and Social Science (Economics and Sociology), National University of Singapore
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 Teo is presently Executive Director of the Group and a Director of OOWAY Technology Pte. Ltd., which is an associated company of the Group, and its wholly-owned subsidiary, Firefly Technology Pte. Ltd.. OOWAY Technology Pte. Ltd. is controlled by OOWAY Group Ltd., one of the controlling shareholders of the Group.

Mr Teo is also currently sitting on the board of directors of the following companies together with Mdm Hao Dongting, the Non- Executive Chairperson and deemed controlling shareholder of the Company:
- OOWAY Technology Pte. Ltd.
- Firefly Technology Pte. Ltd.
- Asian Enterprise Research Center Pte. Ltd.
- Asian Unicorn Club Pte. Ltd.
- OOWAY Big Data Pte. Ltd.
- OOWAY International Pte. Ltd.

Save as disclosed in this announcement, Mr Teo is not related to any existing director, executive officer, the Company and/or its substantial shareholders or any of the Company's principal subsidiaries.
Conflict of interests (including any competing business)
No.
Working experience and occupation(s) during the past 10 years
April 2021 to present: Kitchen Culture Holdings Ltd. - Executive Director
January 2021 to March 2021: OOWAY Group Ltd. - Risk Control Director
January 2017 to December 2020: Intelligence Wise Pte. Ltd. - Executive Director
October 2014 to December 2016: Experian Credit Services Singapore Pte. Ltd. - Chief Operating Officer
January 2011 to December 2016: DP Credit Bureau Pte. Ltd. (now known as Experian Credit Bureau Singapore Pte. Ltd.) - General Manager
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 Teo holds 422,000 ordinary shares in the Company.

He is also deemed to be interested in 1,578,000 ordinary shares in the Company held in the custodian nominee accounts.
# 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)
Directorships:
Experian Credit Bureau Singapore Pte. Ltd. (formerly known as DP Credit Bureau Pte. Ltd.)
Eastern Belt Pte. Ltd.
EST Fintech Pte. Ltd.
Neo Fintech Holdings Pte. Ltd.
Ywise Pte. Ltd.
Wefin Pte. Ltd.
Asian Accounts Receivable Exchange Pte. Ltd. (formerly known as Accounts Receivable Exchange Pte. Ltd.)

Other Principal Commitments:
Please refer to "Working experience and occupation(s) during the past 10 years" section above.
Present
Directorships:

Within the Group:
KC Technologies Pte. Ltd. (subsidiary)
OOWAY Technology Pte. Ltd. (associated company)
Firefly Technology Pte. Ltd. (associated company)

Outside the Group - Non-executive:
Asian Enterprise Research Center Pte. Ltd.
Asian Unicorn Club Pte. Ltd.
Carbondyne (Pte. Ltd.)
City Tech Capital Management Pte. Limited
Lead Tech Innovations Pte. Ltd.
Intelligence Wise Pte. Ltd.
Luxury Watch Assets International Pte. Ltd.
OOWAY Big Data Pte. Ltd.
OOWAY International Pte. Ltd.
Plends Tech Pte. Ltd.
Prochain Global Pte. Ltd.
Slee Holdings Sdn. Bhd.
Stone Mattered Holdings Pte. Ltd.
World Trading League Pte. Ltd.

Other Principal Commitments:
Please refer to "Working experience and occupation(s) during the past 10 years"section above.
(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 Teo has been appointed Executive Director of the Group effective 14 April 2021.