Change - Announcement of Appointment::Appointment of Independent Non-Executive Director - Mr Sim Mong Keang

Issuer & Securities

Issuer/ Manager
META HEALTH LIMITED
Securities
META HEALTH LIMITED - SG1O81915033 - 5DX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
22-Jul-2024 22:55:29
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director - Mr Sim Mong Keang
Announcement Reference
SG240722OTHRRPY0
Submitted By (Co./ Ind. Name)
Gwendolin Lee Soo Fern
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Independent Non-Executive
Director - Mr Sim Mong Keang

This announcement supersedes the withdrawn announcement (ref: SG240722OTHRVOFU).

This announcement has been prepared by Meta Health 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 ("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 Alex Tan, Chief Executive Officer, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Date Of Appointment
01/08/2024
Name Of Person
Sim Mong Keang
Age
54
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 Nominating Committee ("NC") in assessing the suitability of Mr Sim Mong Keang's ("Mr Sim") appointment as an Independent Non-Executive Director of the Company, has interviewed Mr Sim and reviewed his professional qualifications, working experience and independence. The NC is of the view that the appointment of Mr Sim as an Independent Non-Executive Director of the Company will enhance the core competencies of the board of directors of the Company (the "Board") and will be beneficial to the Board, taking into consideration the current Board's balance and mix of skills, knowledge, experience, and other aspects of diversity. Accordingly, the NC has recommended Mr Sim's appointment to the Board.

The Board, having considered the NC's recommendation, approved the appointment of Mr Sim as an Independent Non-Executive Director of the Company, Chairman of the Nominating Committee, and a member of the Audit Committee and the Remuneration Committee. Mr Sim is considered independent by the Board for the purpose of Catalist Rule 704(7).
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director
Audit Committee Member
Nominating Committee Chairman
Remuneration Committee Member
Professional qualifications
Diploma in Electronic Engineering from Ngee Ann Polytechnic, Singapore

Bachelor of Commerce from Murdoch University, Western Australia
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
Serial Achieva Limited
From 2024 to Present
Position: CEO and Executive Director

Achieva Technology Sdn Bhd
From April 2023 to July 2024
Position: Interim CEO

FSK Advisory Pte. Ltd.
From March 2017 to Present
Position: CEO and Director

Doxa Holdings International Pte. Ltd.
From December 2022 to March 2023
Position: Chief Commercial Officer
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
50,000 ordinary shares in the Company
# 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)
ZACD Group Ltd.
Director

Boldtek Holdings Limited
Director

Trans-Cab Holdings Ltd.
Director

Doxa Holdings International Pte. Ltd.
Director

K2C Capital Pte. Ltd.
Director

Legend Property Private Limited
Director

Oden Technology Pte. Ltd. (struck off)
Present
LISTED ENTITIES:

Global Invacom Group Limited
Director

Serial Achieva Limited
Executive Director and CEO

USP Group Limited
(Under Judicial Management)
Director

NON-LISTED ENTITIES:

I2 Capital Pte. Ltd.
Director

Maximus Fortune Pte. Ltd.
Director

CESK Capital Pte. Ltd.
Director

FSK Advisory Pte. Ltd.
Director

Achieva Technology Sdn Bhd
Director

Achieva Digital (Thailand) Company Limited
Director
(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?
Yes
If Yes, Please provide full details
USP Group Limited:
As announced by USP Group Limited, a winding up application was filed in November 2023 against USP Group Limited. I was appointed as Independent Director in December 2023. The company was subsequently placed under interim judicial management in March 2024 and under judicial management in June 2024.

Boldtek Holdings Limited:
As announced by Boldtek Holdings Limited, a winding up application was filed in January 2024 against Boldtek Holdings Limited. I was appointed to the company in September 2022 and stepped down in December 2023. The company was subsequently placed under judicial management in April 2024.
(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?
Yes
If Yes, Please provide details of prior experience
Mr Sim Mong Keang is currently serving as an independent director on the following SGX-listed companies:

- Global Invacom Group Limited
- USP Group Limited
- Serial Achieva Limited
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)
Not applicable.