Change - Announcement of Appointment::Re-designation of Ong Boon Yeow to Executive Director and Chief Operating Officer

Issuer & Securities

Issuer/ Manager
CAPALLIANZ HOLDINGS LIMITED
Securities
CAPALLIANZ HOLDINGS LIMITED - SG1H44875935 - 594
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Jul-2025 20:23:17
Status
New
Announcement Sub Title
Re-designation of Ong Boon Yeow to Executive Director and Chief Operating Officer
Announcement Reference
SG250701OTHRLIFS
Submitted By (Co./ Ind. Name)
Liu Qiang
Designation
Director
Description (Please provide a detailed description of the event in the box below)
Re-designation of Ong Boon Yeow from Independent Non-Executive Director of the Company to Executive Director and Chief Operating Officer of the Company.

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 Goh Mei Xian, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03, Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Date Of Appointment
01/07/2025
Name Of Person
Ong Boon Yeow (Wang Wenyao)
Age
57
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 recognises the need to enhance the Company's leadership team in response to ongoing operational challenges and is committed to implementing measures that will support a sustainable turnaround. Accordingly, the Board, having considered the Nominating Committee's recommendation and assessed the qualifications, experience and suitability of Mr Ong Boon Yeow ("Mr Ong"), endorses the Nominating Committee's recommendation to re-designate Mr Ong from Independent Non-Executive Director of the Company to Executive Director and Chief Operating Officer of the Company with effect from 1 July 2025.

With his extensive experience and intimate knowledge of the Company's business, Mr Ong is well-positioned to lead operational improvements and contribute meaningfully to the Company's strategic objectives. The Board is confident that this re-designation will strengthen the leadership team and drive enhanced operational performance going forward.

Following Mr Ong's re-designation as an Executive Director and Chief Operating Officer of the Company with effect from 1 July 2025, Mr Ong will cease as Chairman of the Nominating Committee and a member of the Audit Committee and the Remuneration Committee.
Whether appointment is executive, and if so, the area of responsibility
Executive. As Executive Director and Chief Operating Officer of the Company, Mr Ong Boon Yeow will be responsible for supporting the Company's Executive Director and Chief Executive Officer in overseeing the Company's day-to-day operations, driving operational efficiency and implementing strategic initiatives to achieve business turnaround objectives. His role will include managing key operational functions, enhancing process improvements, coordinating cross-functional teams and ensuring alignment with the Company's overall strategic goals.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Operating Officer.
Professional qualifications
Master of Business Administration in Investments & Finance - University of Hull, United Kingdom (1996)
Bachelor of Arts, Economics - National University of Singapore (1994)
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 Ong is a shareholder of the Company, details as disclosed herein.
Conflict of interests (including any competing business)
No.
Working experience and occupation(s) during the past 10 years
December 2012 - Present
Owner & Consultant, 85 Metaphysics Consulting

November 2010 - December 2012
Account Director, Investor Relations, Waterbrooks Consultants Pte Ltd

November 2008 - September 2010
Vice President, Investment, Hyflux Water Trust Management Pte Ltd

June 2002 - October 2008
General Manager, Corporate Development, Tiong Woon Corporation Holding Ltd

June 1997 - June 2002
Business Development Manager, Asia Power Corporation Limited
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 in 90,000,000 shares of the Company, representing approximately 0.98% of the issued and paid-up capital of the Company.
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
Other Principal Commitment:
85 Metaphysics Consulting

Directorships:
Nil
(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 Ong was first appointed as an Independent Non-Executive Director of the Company on 9 June 2025. As of today, he has not completed the relevant training on the roles and responsibilities of a director of a listed issuer in Singapore as required pursuant to Rule 406(3)(a) of the Catalist Rules. Mr Ong will attend the relevant training as prescribed by the Exchange under Practice Note 4D of the Catalist Rules within one year from the date of his first appointment to the Board.