Change - Announcement of Appointment::APPOINTMENT OF MANAGING DIRECTOR
Issuer & Securities
OXPAY FINANCIAL LIMITED
OXPAY FINANCIAL LIMITED - SGXE15822534 - TVV
Change - Announcement of Appointment
Date &Time of Broadcast
Announcement Sub Title
APPOINTMENT OF MANAGING DIRECTOR
Submitted By (Co./ Ind. Name)
Ching Chiat Kwong
Non-Executive Non-Independent Chairman
Description (Please provide a detailed description of the event in the box below)
Appointment of Managing Director - Koh Jin Kit
This announcement has been prepared by OxPay Financial Limited (the "Company") and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist ("Catalist Rules").
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 Ms. Goh Mei Xian, Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.
Date Of Appointment
Name Of Person
Koh Jin Kit
Country Of Principal Residence
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The board of directors (the "Board"), having considered the recommendation of the Nominating Committee and having reviewed and considered the academic and professional qualifications, expertise, work experience and suitability of Mr Koh Jin Kit ("Mr Koh"), is of the view that Mr Koh has the requisite experience and capability to assume the duty and responsibility as Managing Director of the Company. Accordingly, the Board has approved the appointment of Mr Koh as Managing Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr Koh will be responsible for the overall strategic direction and development of the Company and its subsidiaries (the "Group") as well as for overseeing the marketing efforts and technical operations of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Bachelor of Computer Science (Honours)
Executive Master of Science in Industrial and Organisational Psychology & Management of Human Resources
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
Conflict of interests (including any competing business)
Working experience and occupation(s) during the past 10 years
Mar 2021 - Jan 2023
Education and Career Guidance Counsellor
Ministry of Education, Singapore
Oct 2019 - Jun 2020
Business Adviser and Management Consultant
Red Dot Payment Private Limited
Oct 2017 - May 2019
Senior Vice President, Director of Operations and Services Department
NTUC Link Private Limited
Jan 2017 - Sep 2017
Director, Payvision Singapore/Hong Kong/Macau
Payvision Singapore Pte. Ltd.
Feb 2014 - Dec 2016
Vice President, Head of Business Development and Sales Support for Asia Pacific
Payvision Singapore Pte. Ltd.
July 2013 - Feb 2014
Business Adviser / Consultant
Sep 2010 - Jun 2013
Group Chief Executive Officer and Director, Merchant Solutions for Brunei, China, Hong Kong, India, Macau, Malaysia, Singapore and Sri Lanka
Merchant Solutions Private Limited (a joint venture of First Data and Standard Chartered Bank)
May 2007 - Sep 2010
General Manager and Taiwan Branch Director
Globalpayments Asia-Pacific Taiwan Branch (a joint venture of HSBC and Global Payments)
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Shareholding interest in the listed issuer and its subsidiaries?
# 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)
Other Principal Commitments:
Other Principal Commitments:
President, Serangoon Gardens Country Club
(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?
(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?
(c) Whether there is any unsatisfied judgment against him?
(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?
(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?
(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?
(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?
(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?
(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?
(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
(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
(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
(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?
(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?
Any prior experience as a director of an issuer listed on the Exchange?
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 Mr Koh to attend the relevant training on the roles and responsibilities of a director of a listed issuer in Singapore as prescribed by the Exchange under Practice Note 4D of the Catalist Rules within one year from the date of his appointment to the Board.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)