Change - Announcement of Appointment::Appointment of Non-Independent Non-Executive Director - Tan Shu Hui Eileen

Issuer & Securities

Issuer/ Manager
ONEAPEX LIMITED
Securities
ONEAPEX LIMITED - SG2C90967473 - 5SY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
26-Jan-2024 17:43:04
Status
New
Announcement Sub Title
Appointment of Non-Independent Non-Executive Director - Tan Shu Hui Eileen
Announcement Reference
SG240126OTHRMAZY
Submitted By (Co./ Ind. Name)
Tan Pei Hong, Alex
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and reviewed by the Company's sponsor, Novus Corporate Finance Pte. Ltd. (the "Sponsor") , in compliance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by 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 Mr Andrew Leo, Chief Executive Officer, 7 Temasek Boulevard, #18-03B Suntec Tower 1, Singapore 038987, Telephone (65) 6950 2188.

Additional Details

Date Of Appointment
30/01/2024
Name Of Person
Tan Shu Hui Eileen
Age
40
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 having considered the recommendation of the Nominating Committee and assessed Ms. Tan Shu Hui Eileen's ("Ms. Tan") qualification, is of the view that Ms. Tan's experience and background would be beneficial to the Group and would add diversity to the Board composition, and that she has the requisite experience and capabilities to assume the duties and responsibilities as a Non-Independent Non-Executive Director of the Company, as well as a member of the Audit Committee, Nominating Committee, Remuneration Committee and Risk Committee.

The Board considers Ms. Tan to be non-independent for the purpose of Rule 704(7) of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited ("Catalist Rules"), the details of which are set out below.

Further, in view of the relationship between Ms. Tan and Mr. Tan Pei Hong, Alex, the Executive Chairman, Chief Executive Officer and a substantial shareholder of the Company ("Alex") as well as Mr. Wan Tai Foong ("Mr. Wan") as described below, Alex and Mr. Wan had abstained from the deliberations and decisions pertaining to Ms. Tan's appointment to the Board.
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 Audit Committee
Member of the Nominating Committee
Member of the Remuneration Committee
Member of the Risk Committee.
Professional qualifications
Bachelor of Commerce, 2007, The University of Queensland
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
Yes.

Alex, is the brother of Ms. Tan. Mr. Tan Theng Hong, Amos ("Amos"), a substantial shareholder and a business development manager of the Company, is also the brother of Ms Tan. Both Alex and Amos each own 50% of the total issued share capital of Goldhill Trust Pte. Ltd. ("Goldhill") and are directors of Goldhill, which is the controlling shareholder of the Company holding 62,466,590 shares, which represents approximately 73.93% of the total issued share capital of the Company. Accordingly, both Alex and Amos are deemed to be interested in the shares of the Company through their shareholding in Goldhill.

Ms. Tan is also a shareholder of Qi Capital Pte. Ltd. ("Qi Capital"), a boutique advisory firm that advises private companies on mergers and acquisitions. Qi Capital was founded by Mr. Wan who is the chief executive officer, and who is also an Independent Non-Executive Director of the Company.
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
2009 to Current
A28 Management Pte Ltd
Director

2022 to Current
Reagle Management Holdings Pte. Ltd.
Director
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)
Aston Capital Pte. Ltd.
Mavern Pte Ltd
Elly In The Belly Pte. Ltd.
Maple Bear Eduhouse Pte. Ltd.
Present
A28 Management Pte Ltd
Reagle Investment Holdings Pte. Ltd.
Goldhill Capital Pte. Ltd.
E C Mix Pte. Ltd.
Aston Martin Pte. Ltd.
Maple Bear Playhouse Pte. Ltd.
Everton Trust Pte. Ltd.
Reagle Management Holdings 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
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. Tan 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.