Change - Announcement of Appointment::Announcement of Promotion

Issuer & Securities

Issuer/ Manager
WEE HUR HOLDINGS LTD.
Securities
WEE HUR HOLDINGS LTD. - SG1W55939399 - E3B
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Aug-2023 19:07:15
Status
New
Announcement Sub Title
Announcement of Promotion
Announcement Reference
SG230801OTHRA740
Submitted By (Co./ Ind. Name)
Tan Ching Chek
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement on Promotion/Re-designation of Chief Investment Officer Who is Relative of a Director or Chief Executive Office or Substantial Shareholder of the Issuer.

Additional Details

Date Of Appointment
01/08/2023
Name Of Person
Goh Wee Ping
Age
37
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)
Mr Goh Wee Ping, as Chief Executive officer of Wee Hur Capital Pte. Ltd. (the Company's wholly owned subsidiary in fund management) since 2017 has shown his competency and capability. He started the fund management business from scratch and so far he has built up an impressive Purpose-Built Student Accommodation (PBSA) in Australia under two funds. He is also responsible for Company's property development business in Australia. In addition, he initiated to venture alternative investments such as venture investments, private equity and private credit.

In recognition of his exemplary performance and dedication to the investment activities of the Company and its subsidiaries (collectively, the "Group"), the Board accepted the recommendation of the Nominating Committee on the promotion/re-designation of Goh Wee Ping as the Chief Investment Officer of the Group.

Mr Goh remains as Chief Executive Officer of Wee Hur Capital Pte. Ltd., a wholly owned subsidiary of the Company.
Whether appointment is executive, and if so, the area of responsibility
Investment Activities of the Group
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Investment Officer
Professional qualifications
N/A
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 Goh Wee Ping is the son of Mr Goh Yeow Lian, the Executive Chairman and Managing Director of Wee Hur Holdings Ltd (the "Company"). He is also the nephew of Messrs Goh Yeo Hwa, Goh Yew Tee, Goh Yew Gee, Directors of the Company, Goh Yeu Toh, Cheng Kiang Huat and Sua Nam Heng, Directors of Wee Hur Construction Pte Ltd, a wholly owned subsidiary of the Company.
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
2012 - 2013
Project Engineer/ Executive Project Engineer of Wee Hur Construction Pte Ltd

2014 to June 2017
Business Development Executive/ Country Manager of Wee Hur Holdings Ltd.

July 2017 to Present
Chief Executive Officer of Wee Hur Capital Pte. Ltd.
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
4,000,000 shares
# 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)
N.A.
Present
N.A.
(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.