Change - Announcement of Appointment::Appointment of Chief Financial Officer and Joint Company Secretary

Issuer & Securities

Issuer/ Manager
USP GROUP LIMITED
Securities
USP GROUP LIMITED - SG1CH0000007 - BRS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
03-Aug-2026 20:56:46
Status
New
Announcement Sub Title
Appointment of Chief Financial Officer and Joint Company Secretary
Announcement Reference
SG260803OTHR8VOL
Submitted By (Co./ Ind. Name)
Tan Wei Yang, Melvin
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Chief Financial Officer and Joint Company Secretary

Additional Details

Date of appointment
03/08/2026
Name of person
Leow Yong Kin
Age
55
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, having considered the Nominating Committee's recommendation and Mr. Leow Yong Kin's professional qualifications, educational background and extensive experience in financial management, statutory reporting and corporate restructuring, is of the view that he possesses the requisite experience and capabilities to assume the roles of Chief Financial Officer and Joint Company Secretary of the Company. In particular, the Board notes that Mr. Leow has served the Group throughout the judicial management period, working closely with the Judicial Managers and the Company's auditors on the restructuring and the Company's ongoing listing rehabilitation efforts. His institutional knowledge of the Group's financial affairs across Singapore, Malaysia and Indonesia, and his continuity of stewardship through that period, will be of significant value as the Group completes its outstanding financial reporting obligations and progresses towards the resumption of trading on the SGX-ST.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive. As Chief Financial Officer, Mr. Leow will be responsible for the overall financial management of the Group, including financial reporting, treasury, budgeting, internal controls, tax and regulatory compliance. As Joint Company Secretary, he will also assist the Board on corporate secretarial and corporate governance matters, including compliance with the SGX-ST Listing Manual, Code of Corporate Governance 2018 and the Companies Act 1967 of Singapore.
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer and Joint Company Secretary
Professional qualifications
Fellow (FCCA) of Association of Chartered Certified Accountants
Member of Institute of Singapore Chartered Accountants
Member of Singapore Chartered Tax Professionals
BA (Hons) Business Accounting, Second Class Upper, University of Lincolnshire & Humberside, UK
Working experience and occupation(s) during the past 10 years
Director, USP Group Limited's Subsidiaries, May 2024 - Present
Chief Financial Officer, Apollo Entertainment Media Pte. Ltd., September 2023 - February 2025
Chief Financial Officer, Singapore Paincare Holdings Limited, September 2021 - August 2023
Finance Director, AccountsPro Consulting Services Pte. Ltd., April 2017 - August 2021
Chief Financial Officer, China Great Land Holdings Limited, February 2012 - March 2017
Shareholding interest in the listed issuer and its subsidiaries
No
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Conflict of interest (including any competing business)
None
Undertaking (in the format set out in Appendix 7.7 or Appendix 7H) under Mainboard Rule 720(1) or Catalist Rule 720(1) has been submitted to the listed issuer
Yes
Other Principal Commitments* Including Directorships#
* "Principal Commitments" has the same meaning as defined in the Code of Corporate Governance.
# These fields are not applicable for announcements of appointments pursuant to Mainboard Rule 704(9) or Catalist Rule 704(8).
Past (for the last 5 years)
Nil
Present
Director, USP Group Limited's Subsidiaries
Director, AccountsPro Consulting Services Pte Ltd
Director, Niche Technology Holdings Pte Ltd
Information Required
Disclose the following matters concerning an appointment of director, chief executive officer, chief financial officer, chief operating officer, general manager or other officer of equivalent rank. If the answer to any question is "yes", full details must be given.
(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?
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.
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).
N.A.