Change - Announcement of Appointment::Appointment of Executive Director

Issuer & Securities

Issuer/ Manager
MEGROUP LTD.
Securities
MEGROUP LTD. - SGXE43386122 - SJY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
16-Jul-2024 06:27:13
Status
New
Announcement Sub Title
Appointment of Executive Director
Announcement Reference
SG240716OTHROHJO
Submitted By (Co./ Ind. Name)
Yoo Loo Ping
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Executive Director.

This announcement has been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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. Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, Telephone (65) 6590 6881.

Additional Details

Date Of Appointment
30/08/2024
Name Of Person
Wong Sai Keat
Age
40
Country Of Principal Residence
Malaysia
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Mr Wong Sai Keat is the Head of Engineering and R&D, Manufacturing of the Group. The Nominating Committee, after considering Mr Wong Sai Keat's credentials, experiences and contributions to the Group, has recommended to the Board of Directors the appointment of Mr Wong Sai Keat as the Executive Director of the Company. The Board of Directors has approved the appointment.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr Wong Sai Keat shall continue to be responsible for overseeing the engineering function of the Group's Manufacturing Business, and is responsible for the Group's product development department to ensure the products meet the requirements of the customers as well as developing new applications. Mr Wong Sai Keat also works closely with our Head of Sales and Manufacturing, to maintain and grow the Group's strategic relationships with the customers, principals and suppliers.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director, Head of Engineering and R&D, Manufacturing
Professional qualifications
Mr Wong Sai Keat graduated from the University of Melbourne with a Bachelor Degree in Computer Science.
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 Wong Sai Keat is the son of (1) Mr Wong Cheong Chee, the current Executive Chairman and Chief Executive Officer (who is stepping down on 30 August 2024), and Substantial Shareholder of the Company; and (2) Mdm Lee Soh Hong, Substantial Shareholder of the Company.

Mr Wong Sai Keat is the brother of (1) Ms Wong Keat Yee, Executive Director and Head of Operations, Manufacturing (who is also appointed as the Executive Chairwoman of the Board with effect from 30 August 2024); and (2) Mr Wong Sai Hou, Head of Group Expansion & Strategy and Head of Dealership of the Group (who is also appointed as an Executive Director and Chief Executive Officer with effect from 30 August 2024).

Mr Wong Sai Keat is also the cousin of Mr Lee Khoon Chuan, Substantial Shareholder of the Company.

Mr Wong Sai Keat is a director of Yatta Group Sdn Bhd where Mr Wong Sai Hou and Ms Wong Keat Yee are also directors of the said company.
Conflict of interests (including any competing business)
Nil.
Working experience and occupation(s) during the past 10 years
Mr Wong Sai Keat has been with the Group since 2004, and joined as a programme engineer, and is currently the Head of Engineering and R&D, Manufacturing the Group.
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
222,400 ordinary shares direct interest in MeGroup Ltd.
# 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
MeAG Pte. Ltd.
MeMG Pte. Ltd.
Menang Nusantara Sdn. Bhd.
MN Otomobil Sdn. Bhd.
Hanamaru Auto Trading (Malaysia) Sdn. Bhd.
Yatta Group Sdn. Bhd.
(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
Mr Wong Sai Keat will be attending the requisite training courses to familiarise himself with the roles and responsibilities as Director of a company listed in Singapore Stock Exchange.