Change - Announcement of Appointment::Re-designation of Director from Chairman and Executive Director to Non-Executive Director

Issuer & Securities

Issuer/ Manager
ADVENTUS HOLDINGS LIMITED
Securities
ADVENTUS HOLDINGS LIMITED - SG1P24916816 - 5EF
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
10-Sep-2021 18:01:35
Status
New
Announcement Sub Title
Re-designation of Director from Chairman and Executive Director to Non-Executive Director
Announcement Reference
SG210910OTHRLWME
Submitted By (Co./ Ind. Name)
Chin Rui Xiang
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
This announcement had been prepared by the Company and its contents have been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinion made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Khong Choun Mun, Registered Professional, RHT Capital Pte. Ltd., 6 Raffles Quay, #24-02, Singapore 048580, sponsor@rhtgoc.com.

Additional Details

Date Of Appointment
10/09/2021
Name Of Person
Teh Chong Seng
Age
70
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
29/06/2020
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Teh Chong Seng ("Mr Teh") has informed both the Nominating Committee ("NC") and the Board of his intention to relinquish his existing position as Chairman and Executive Director and to be re-designated as Non-Executive Non-Independent Director of the Company with effect from 10 September 2021 to focus on his other business and personal commitments while he continues to stay committed to the Group.

The NC and the Board, having reviewed Mr Teh's experience and qualifications, are of the view that the aforesaid re-designation is in the interest of the Company.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Non-Independent Director
Professional qualifications
Bachelor of Arts in Business Studies (Honours)
Teesside University
Middlesbrough, England
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)
No
Working experience and occupation(s) during the past 10 years
1988 to 2017
Maybank Kim Eng Securities
Senior Vice President

2018 to Present
Higashi & Sons K.K.
Non-Executive Director

April 2021 to Present
KTL Global Ltd
Independent Director

March 2020 to March 2021
Higashi Partners Pte. Ltd.
Non-Executive 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)
1. Higashi Partners Pte. Ltd. (Non-Executive Director)
2. Maybank Kim Eng Securities - Senior Vice President
Present
Directorships
1. Higashi & Sons K.K.
2. Northern Cardinal Commodities Pte. Ltd.
3. KTL Global Ltd
4. Kingsblade Asia 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
Yes
If Yes, Please provide full details
Please refer to the announcement made by KTL Global Limited on 26 August 2021 for further details. Mr Teh was appointed as Independent Director of the company since April 2021 and member of the Audit Committee.
(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?
Yes
If Yes, Please provide details of prior experience
Mr Teh currently holds directorships in the following listed companies on the SGX:
Adventus Holdings Limited
KTL Global Limited