Change - Announcement of Appointment::Re-designation of Tan Joon Yong, Wayne as Executive Chairman and Group President

Issuer & Securities

Issuer/ Manager
TREK 2000 INTERNATIONAL LTD
Securities
TREK 2000 INT'L LTD - SG1I59882965 - 5AB
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
28-Apr-2023 17:28:03
Status
New
Announcement Sub Title
Re-designation of Tan Joon Yong, Wayne as Executive Chairman and Group President
Announcement Reference
SG230428OTHRU0PZ
Submitted By (Co./ Ind. Name)
Yeo Sheok Yeow Johnny
Designation
Director of Finance
Description (Please provide a detailed description of the event in the box below)
Re-designation of Tan Joon Yong, Wayne from Deputy Chairman, Executive Director and Group President to Executive Chairman and Group President

Additional Details

Date Of Appointment
02/05/2023
Name Of Person
Tan Joon Yong, Wayne
Age
35
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 Tan Joon Yong, Wayne is currently a Deputy Chairman, Executive Director and Group President of the Company. The Board of Directors, having reviewed and considered Mr Tan Joon Yong, Wayne's extensive business contacts and management experience, concurred with the recommendation of the Nominating Committee and approved the re-designation of Tan Joon Yong, Wayne as the Executive Chairman and Group President of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr Tan Joon Yong, Wayne is responsible for the running and overall operations of the Group including to maintain and sustain key vendors and customers. He is also responsible for the development of the key strategic accounts and optimise financial performance of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman and Group President, and a member of the Nominating Committee
Professional qualifications
Bachelor of Marketing & International Business from The University of Buffalo, State University of New York
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 Tan Joon Yong, Wayne is the son of Mr Tan Henry @ Henn Tan, a substantial shareholder of the Company.
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
Mr Tan Joon Yong, Wayne is the founder, a shareholder and a director of Cloud Stringers (S) Pte Ltd, a subsidiary of the Company, since 2012 and was responsible for the overall Marketing and Sales, Planning and Strategy. Mr Tan Joon Yong, Wayne led the online/ web-based Cloud Stringers product and functional and User specification definitions, construction of technological and feature roadmap.
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: 2,371,176 ordinary shares
Deemed Interest: 1,839,250 ordinary shares
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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)
Nil
Present
Thumbdrive Plus (Thailand) Company 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?
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
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Mr Tan Joon Yong, Wayne was the Group President and Executive Director of the Company since 24 May 2018 and was subsequently appointed as Deputy Chairman on 12 March 2021.