Change - Announcement of Appointment::Appointment of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
SDAI LIMITED
Securities
SDAI LIMITED - SG2D45972171 - 5TI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
18-May-2026 23:06:36
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director
Announcement Reference
SG260518OTHRJZD9
Submitted By (Co./ Ind. Name)
Tan Swee Gek
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Tan Thiam Hee as Independent Non-Executive Director of the Company with effect from 18 May 2026.

This announcement has been examined by the Company's Sponsor, ZICO Capital Pte. Ltd. (the "Sponsor").

This announcement 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 Yang Zhenni, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Date of appointment
18/05/2026
Name of person
Tan Thiam Hee
Age
57
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 of Directors (the "Board") having considered the recommendation of the Nominating Committee and the professional qualification, work experience, and independence of Mr. Tan Thiam Hee ("Mr. Tan") is of the view that Mr. Tan has the requisite experience, expertise, knowledge and capabilities to assume the duties and responsibilities of the Independent Non-Executive Director of the Company.

Mr. Tan will also be appointed as the Chairman of the Remuneration Committee, as well as a member of the Audit Committee, Nominating Committee and Board Risk Committee of the Company. Mr. Tan is considered independent by the Board for the purpose of Rule 704(7) of the Listing Manual - Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited.
Whether appointment is executive, and if so, the area of responsibility
The appointment is non-executive.
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of Remuneration Committee and member of Audit Committee, Nominating Committee and Board Risk Committee
Professional qualifications
Master of Business Administration (International Business) from Nanyang Technological University
Bachelor of Accountancy (Merit) from Nanyang Technological University
Senior Accredited Director of Singapore Institute of Directors
Fellow Chartered Accountants of Institute of Singapore Chartered Accountants
Fellow Certified Public Accountants of CPA Australia
Executive Certificate in Corporate and Environmental Sustainability module 1 and 2 from Nanyang Business School, Nanyang Technological University
Working experience and occupation(s) during the past 10 years
Borden Company (Private) Limited (26 February 2026 - Present)
Acting Chief Executive Officer and Director

K Hospitality Pte Ltd (October 2021 - Present)
Chief Financial Officer (Part-time) and Director (Designate)

Bizgo Holdings Pte. Ltd. (14 January 2019 - 17 June 2021)
Group Chief Financial Officer

Emerging Towns & Cities Singapore Ltd (24 June 2015 - 31 March 2022)
Executive Director and Group Chief Executive Officer

Viva Corporate Advisory Pte Ltd (25 September 2014 - Present)
Founder and Director
Shareholding interest in the listed issuer and its subsidiaries
No
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Conflict of interest (including any competing business)
No
Undertaking (in the format set out in Appendix 7.7 or Appendix 7H) under Mainboard Rule 720(1) or Catalist Rule 720(1) has been submitted to the listed issuer
Yes
Other Principal Commitments* Including Directorships#
* "Principal Commitments" has the same meaning as defined in the Code of Corporate Governance.
# These fields are not applicable for announcements of appointments pursuant to Mainboard Rule 704(9) or Catalist Rule 704(8).
Past (for the last 5 years)
Principal Commitments:
Emerging Towns & Cities Singapore Ltd.

Directorships:
BizGo Holdings Pte Ltd
Borden Eagle Singapore Pte. Ltd.
DAS Pte. Ltd.
Futura Asset Holdings Pte. Ltd.
Trechance Holdings Ltd
Uni Global Power Pte. Ltd.
Golden Land Real Estate Development Co., Ltd
Koon Construction and Transport Co., Pte Ltd (in liquidation)
Koon Holdings Limited (in liquidation)
Present
Principal Commitments:
Borden Company (Private) Limited

Directorships:
NSG4XF Pte. Ltd.
Serial Achieva Limited
SG Plus Investment and Development Pte. Ltd.
Viva Corporate Advisory Pte. Ltd.
Information Required
Disclose the following matters concerning an appointment of director, chief executive officer, chief financial officer, chief operating officer, general manager or other officer of equivalent rank. If the answer to any question is "yes", full details must be given.
(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.
Nominated by PwC, JM for Hin Leong Trading (Pte.) Ltd as directors for Xihe Investment Pte Ltd. Liquidators for Xihe appointed on 23 April 2021.

Nominated by PwC, JM for Hin Leong Trading (Pte.) Ltd as directors for Hin Leong Marine International (Pte) Ltd. Liquidators for HLM appointed on 2 March 2021.

Nominated by PwC, JM for Hin Leong Trading (Pte.) Ltd as directors for Ocean Bunkering Services (Pte) Ltd. ("OBS") OBS placed under provisional liquidation on 30 November 2020 and liquidators appointed on 15 December 2020.

Non-executive Director for Koon Holdings Ltd., liquidators appointed in 2022.

Non-executive Director for Koon Construction and Transport Co., Pte Ltd., liquidators appointed in 2022.

Director for BizGo (SG) Pte Ltd. Company struck-off by application by directors.
(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.
Mr. Tan was appointed to the board of directors of Emerging Towns & Cities Singapore Ltd ("ETC"), a company listed on the Catalist Board of the SGX-ST, as an independent director on 24 June 2015. He eventually took the role of Group Chief Executive Officer of the ETC on 15 December 2015.

Mr. Tan oversaw the appointment of Baker Tilly Consultancy as a "Special Auditor" to review and/or ascertain the accounts and transactions of the ETC Group for fiscal year end of ETC ("FY") 2013 and FY2014 and whether there were any irregularities in the accounts and transactions of the ETC Group. The Special Auditor noted weaknesses and/or lapses in corporate governance, internal controls and possible non-compliance with Catalist Rules. In 2015, ETC's independent auditor, Foo Kon Tan LLP, issued its Independent Auditor's Report in relation to ETC which contained a qualified opinion. Qualifications include, inter alia, a failure to perform complete and correct declarations of related party transactions, inappropriate payments and failure to fully comply with all accounting standards.

ETC received a notification from Accounting and Corporate Regulatory Authority ("ACRA") to revise the audited financial statements for FY2019 and FY2018 comparative.

Koon Holdings Ltd received ACRA's notification to remediate certain findings to the consolidated financial statements for FY2019 through disclosure notes in the audited accounts for FY2020.
(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
Disclosure applicable to the appointment of director only.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If yes, please provide details of prior experience.
Mainboard, Singapore Exchange ("SGX"):
1. JES International Holdings Ltd - Independent Director/Audit Committee Chairman and member of Nominating Committee and Remuneration Committee [from July 2011 - August 2012]

2. Passion Holdings Limited - Independent Director/Audit Committee Chairman and member of Nominating Committee and Remuneration Committee [from October 2009 - May 2011]

Catalist board, SGX:
3. Serial Achieva Limited - Lead Independent Director, Chairman of Audit and Risk Committee and member of Nominating Committee and Remuneration Committee [from June 2024 - present]

4. Emerging Towns & Cities Singapore Limited - Group Chief Executive Officer and Executive Director/Independent Director and Audit Committee Chairman, member of Nominating Committee and Remuneration Committee [from December 2015 - March 2022]

5. Koon Holdings Limited, a company primarily listed on the Australian Securities Exchange (ASX) and secondary-listed on the SGX - Chief Executive Officer and Managing Director [from July 2008 - July 2013] /Non-Executive Director [from August 2019 - February 2022]
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