Change - Announcement of Appointment::Appointment of Executive Director

Issuer & Securities

Issuer/ Manager
SDAI LIMITED
Securities
SDAI LIMITED - SG2D45972171 - 5TI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
16-Jan-2026 00:25:32
Status
New
Announcement Sub Title
Appointment of Executive Director
Announcement Reference
SG260116OTHR7C2O
Submitted By (Co./ Ind. Name)
Tan Swee Gek
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of SDAI Limited (the "Company" and together with its subsidiaries, the "Group") is pleased to announce the appointment of Mr Yap Koon Loong as Executive Director with effect from 16 January 2026.

This announcement has been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor").

This announcement 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 Yang Zhenni, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Date of appointment
16/01/2026
Name of person
Yap Koon Loong
Age
56
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 Yap Koong Loong ("Mr Yap") has been the Chief Executive Officer of the Company since 25 May 2024.

The Management and the Nominating Committee of the Company, as well as the Board of Directors of the Company ("the Board"), having reviewed and considered the qualifications, work experience and suitability of Mr Yap, are of the view that Mr Yap possesses the requisite experience and capabilities to assume the responsibilities as an Executive Director of the Company.

Accordingly, the Management and the Nominating Committee have recommended, and the Board has approved, the appointment of Mr Yap as an Executive Director of the Company. Upon his appointment as Executive Director of the Company, Mr Yap has relinquished his position as the Chief Executive Officer of the Group.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive.

Mr Yap will be responsible for overseeing and managing compliance with the relevant authorities, strategic planning, risk management, financial reporting, and capital management of the group.
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Professional qualifications
Victoria University of Technology, Australia
1988
Master of Business in Professional Accounting,

Victoria University of Technology, Australia
1988
Graduate Diploma in Professional Accounting
Working experience and occupation(s) during the past 10 years
SDAI Limited (Chief Executive Officer)
May 2024 - Present

SDAI Limited (Corporate Advisor)
July 2023 - May 2024

Chongqing Yuhai Precision Engineering Co., Ltd. (Chief Financial Officer)
June 2019 - June 2020

Crosspoint Telecom Pte. Ltd. (Chief Financial Officer)
October 2016 - June 2018

Astaka Holdings Limited (Finance Director)
April 2015 - October 2016
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding details
Mr Yap is a director of OOWAY Technology Pte. Ltd., an associated company of the Group, and a director of Asian Accounts Receivable Exchange Pte. Ltd. ("AREX"), a company which has entered into a loan agreement with the Company pursuant to which AREX has granted an interest-free loan in the principal amount of S$4,000,000 ("Loan") to the Company. Mr Yap will abstain from the deliberations and decision-making with respect to all matters relating to OOWAY Technology and the Loan in his capacity as the Executive Director of the Company. Mr Yap will also abstain from the deliberations, decision-making and voting of the respective boards of OOWAY Technology and AREX with respect to all matters relating to the Group and the Loan in his capacity as a director of OOWAY Technology and AREX respectively.
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
Mr Yap is a director of OOWAY Technology Pte. Ltd. ("OOWAY Technology"), an associated company of the Group. Mdm Hao Dongting (the Executive Chairperson and a controlling shareholder of the Company) is also a director of OOWAY Technology and Mr James Beeland Rogers, Jr. (the Non-Executive and Non- Independent Director of the Company) is a co-founder and Chief Strategy Architect of OOWAY Technology and its subsidiaries.

Save as disclosed above, Mr Yap 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 interest (including any competing business)
No
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)
Asian Unicorn Club Pte. Ltd (struck off)
KC Technologies Pte. Ltd. (struck off)
Lighthouse Capital Pte. Ltd. (struck off)
Beef Up Global Pte. Ltd. (struck off)
3L Asia Capital Pte. Ltd. (struck off)
OEL (Holdings) Limited
Present
Group Companies:
SDAI Healthcare Pte. Ltd.
QCM Holdings Pte. Ltd.

Other Companies:
Musangking Auto Pte. Ltd.
Asian Accounts Receivable Exchange Pte. Ltd.
Cigar Master International Pte. Ltd.
OOLife Holdings Pte. Ltd.
OOWAY Technology Pte. Ltd.
Chongqing Yuhai Precision Manufacturing (Singapore) Co., Pte. Ltd.
FFC Alliance 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?
Yes
If yes, please provide details of prior experience.
OEL (Holdings) Limited (Independent Non-Executive Director)
February 2020 - May 2023
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).
Not applicable as Mr Yap is not a first-time director of an issuer listed on the Exchange.