Change - Announcement of Appointment::Appointment of Vice-Chairman and Non-Executive Director

Issuer & Securities

Issuer/ Manager
KITCHEN CULTURE HOLDINGS LTD.
Securities
KITCHEN CULTURE HOLDINGS LTD. - SG2D45972171 - 5TI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
17-Jul-2022 18:36:29
Status
New
Announcement Sub Title
Appointment of Vice-Chairman and Non-Executive Director
Announcement Reference
SG220717OTHRCX55
Submitted By (Co./ Ind. Name)
William Teo Choon Kow
Designation
Lead Independent Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Vice-Chairman and Non-Executive Director.

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It 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. Lee Khai Yinn (Tel (65) 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Date Of Appointment
15/07/2022
Name Of Person
Lau Kay Heng
Age
56
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 has reviewed and considered the qualifications and work experience of Mr Lau Kay Heng ("Mr Lau") and approved his appointment as the Vice-Chairman and a Non-Executive Director 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.)
Vice-Chairman and Non-Executive Director, and a member of the Audit and Risk, Nominating and Remuneration Committees of the Company
Professional qualifications
Bachelor of Science, National University of Singapore
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
Save as disclosed below, no.

Mr Lau was engaged by the Company from 1 October 2021 to 31 March 2022 as advisor to provide guidance on actions to be taken in relation to the Notices of Compliance issued by the Singapore Exchange Regulation.
Conflict of interests (including any competing business)
No.
Working experience and occupation(s) during the past 10 years
August 2021 to Present: Ello Fintech Pte. Ltd. - Chief Executive Officer

October 2020 to January 2021: Kitchen Culture Holdings Ltd. - Executive Director and Chief Investment Officer

October 2020 to January 2021: 3L Asia Capital Pte. Ltd. - Chief Executive Officer

June 2011 to September 2020: Stirling Coleman Capital Limited - Managing 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)
Directorships:
Kitchen Culture Holdings Ltd.
3L Asia Capital Pte. Ltd.
Asia M&A Group Pte Ltd
A3 International Investments Limited
iBosses Corporation Limited

Other Principal Commitments:
Please refer to "Working experience and occupation(s) during the past 10 years" section above.
Present
Directorships:
DISA Limited
Regal International Group Ltd.
DISA Digital Safety Pte. Ltd.
Ello Fintech Pte. Ltd.
SOEN International Assets Sdn Bhd
Platinum Mountain Pte Ltd

Other Principal Commitments:
Please refer to "Working experience and occupation(s) during the past 10 years" section above.

Mr Lau is also a founder of BlueStar Charity Asia, a Not for Profit Charitable Movement.
(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 attachment.
(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 Lau is currently the lead independent director of Regal International Group Ltd., and the non-executive director and independent director of DISA Limited. Mr Lau was also previously appointed as the Independent Director of Kitchen Culture Holdings Ltd. effective 24 February 2020 and, following his re-designation, served as the Executive Director and Chief Investment Officer from 1 October 2020 to 31 January 2021.

Attachments

220717 Disclosure - Appt of Vice Chairman and NED.pdf
Total size =510K