Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
ZICO HOLDINGS INC.
Securities
ZICO HOLDINGS INC. - MYA007968003 - 40W
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
12-May-2023 17:18:51
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG230512OTHRIXUR
Submitted By (Co./ Ind. Name)
Datuk Ng Hock Heng
Designation
Group Chief Executive Officer
Effective Date and Time of the event
12/05/2023 17:00:00
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr. Yap Tien Wei (Mr. Yap) as an Independent Director of the Company and Chairman of the Nominating Committee.

Mr. Yap, aged 43, having served in a number of leadership capacities over the past 18 years in the wealth management and asset management industry, brings a wealth of expertise to this role. Mr. Yap is currently the Chief Executive Officer of Northwaters Capital Pte. Ltd., a Capital Market Services licensee, where he is in charge of all day-to-day operations management.

Throughout his working experience predominantly in the wealth management and asset management industry, Mr. Yap has accumulated invaluable experience which includes but not limited to overseeing all verticals of the business in wealth management, fund management, family office solutions, compliance as well as other day-to-day operational matters.

The appointment of Mr. Yap is in line with the Company s strategy to pivot towards the growing wealth management business as disclosed in its results announcement and Annual Report. With his proven track record, the Company will be able to tap into his expertise and experience, particularly seeking guidance on matters relating to wealth management and asset management.

This announcement has been reviewed by the Company's sponsor, Stamford Corporate Services Pte. Ltd. (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 Vanessa Ng.
Tel: 6389 3065 Email: vanessa.ng@morganlewis.com

Additional Details

Date Of Appointment
12/05/2023
Name Of Person
Yap Tien Wei
Age
43
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 Nominating Committee has considered the qualifications and experience of Mr. Yap for his appointment as an Independent Director of the Company, Chairman of the Nominating Committee, member of the Audit and Risk Committee and Remuneration Committee and has recommended his appointment to the Board of Directors. The Board of Directors has approved the appointment, having accepted the Nominating Committee s recommendation.

Mr. Yap is considered independent for the purposes of Rule 707(7) of the Catalist Rules.
Whether appointment is executive, and if so, the area of responsibility
Non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Member of the Board
Member of Audit and Risk Committee
Chairman of Nominating Committee
Member of Remuneration Committee
Professional qualifications
Mr. Yap Tien Wei graduated with a Bachelor of Commerce from the University of Western Australia.
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
No.
Conflict of interests (including any competing business)
No.
Working experience and occupation(s) during the past 10 years
Assistant Vice President in OCBC Bank from January 2011 to December 2012

Vice President of Bank Sarasin & CIE AG from January 2013 to May 2013

Director of Standard Chartered Private Bank from May 2013 to October 2016

Director of United Overseas Bank from October 2016 to February 2018

Chief Executive Officer of Northwaters Capital Pte. Ltd. (a Capital Market Services Licensee of Monetary Authority of Singapore) from February 2018 to present
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?
No
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
Chief Executive Officer of Northwaters Capital Pte. Ltd.

Director of Altum Alternative Ventures Pte. Ltd.

Director of Millennium Gate Wealth Fund Pte. 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?
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
The Company will be enrolling Mr Yap Tien Wei in the relevant training courses offered by the Singapore Institute of Directors within one year from the date of his appointment.