Change - Announcement of Appointment::Appointment of Independent Director- Ms Rafat Kapadia

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
28-Jul-2025 18:02:37
Status
New
Announcement Sub Title
Appointment of Independent Director- Ms Rafat Kapadia
Announcement Reference
SG250728OTHRAW0V
Submitted By (Co./ Ind. Name)
Datuk Ng Hock Heng
Designation
Group Chief Executive Officer
Effective Date and Time of the event
28/07/2025 17:00:00
Description (Please provide a detailed description of the event in the box below)
Appointment of Ms. Rafat Kapadia as the Company's Independent Non-Executive Director

This announcement has been reviewed by the Company's sponsor, Novus Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange 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 Mr. Andrew Leo, Chief Executive Officer, at 7 Temasek Boulevard, #04-02 Suntec Tower 1, Singapore 038987, telephone (65) 6950 2188.

Additional Details

Date Of Appointment
28/07/2025
Name Of Person
Rafat Mohammed Husain Kapadia Sharma
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 Board believes that Ms. Rafat Kapadia's ("Ms. Kapadia") relevant industry knowledge and wealth of experience in financial services, financial technology and regulatory governance, as well as her extensive background experience with the compliance standards in the regulated financial services sector would enable her to make valuable contributions to the Group's current expansion plans in capital markets and wealth management. Taking into account the abovementioned, the Board is of the view that Ms. Kapadia has the requisite expertise and capabilities to assume the duties and responsibilities as an Independent Director. Ms. Kapadia will also take on the role of a member of the Audit and Risk Committee, the Remuneration Committee and the Nominating Committee. The Board considers Ms. Kapadia to be independent for the purpose of Rule 704(7) of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist.

Ms. Kapadia's participation in the board as a female director reaffirms the Group's support for diversity in board composition. Her appointment is also aligned with the Board's continuous commitment to good corporate governance and the Board's recognition of the value of board diversity in the sectors that the Group operates in.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director
Professional qualifications
Master of Business Administration - Stanford Graduate School of Business
Bachelor of the Liberal Arts - Middlebury College
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)
Nil
Working experience and occupation(s) during the past 10 years
2022 to Present - Head of Investments, Elevandi Limited (currently operating as Global Finance and Technology Network)

2019 to 2020 - Director, Growth and Operations, OakNorth Bank PLC

2013 to 2019 - Executive Director, Group Corporate Development, Standard Chartered PLC
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
# 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)
2019 to 2020 - Director, Growth and Operations, OakNorth Bank PLC
Present
2022 to Present - Head of Investments, Elevandi Limited (currently operating as Global Finance and Technology Network)
(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
Pursuant to Rule 406(3)(a) of the Catalist Rules, the Company will arrange for Ms. Kapadia to attend the relevant training on the roles and responsibilities of a director of a listed issuer in Singapore prescribed by the Exchange under Practice Note 4D of the Catalist Rules within one year from the date of her appointment to the Board.