Change - Announcement of Appointment::Appointment of Mr Chong Heng Loong as Executive Director and Chief Executive Officer

Issuer & Securities

Issuer/ Manager
VCPLUS LIMITED
Securities
VCPLUS LIMITED - SG1CG7000002 - 43E
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
02-Oct-2023 17:59:29
Status
New
Announcement Sub Title
Appointment of Mr Chong Heng Loong as Executive Director and Chief Executive Officer
Announcement Reference
SG231002OTHROGMU
Submitted By (Co./ Ind. Name)
Chua Ser Miang
Designation
Non-Executive Chairman and Lead Independent Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Chong Heng Loong as Executive Director and Chief Executive Officer.

This announcement has been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Date Of Appointment
02/10/2023
Name Of Person
Chong Heng Loong
Age
47
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 the Company, after taking consideration of recommendation of the Nominating Committee and assessed Mr Chong Heng Loong's qualifications, work experience and work performance as the Chief Executive Officer of the Company since his appointment in April 2021, is of the view that Mr Chong Heng Loong possesses the requisite experience and capabilities to assume the responsibilities as Executive Director and Chief Executive Officer of the Company.
Whether appointment is executive, and if so, the area of responsibility
This appointment is executive.

Mr Chong will be responsible for formulating corporate strategies for the Company and the Group and oversee their day-to-day management, business development activities, sales and marketing.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer
Professional qualifications
Master of Commerce - University of New South Wales, Australia, 1999

Bachelor of Commerce and Bachelor of Economics - Australian National University, Australia, 1998

Certified Public Accountant, 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
NIL
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10 years
Chief Executive Officer, VCPlus Ltd., (April 2021 - Present)

Chief Financial Officer, Hatten Land Limited, (April 2020 - March 2021)

Head of Business Development & Corporate Finance, Hatten International Pte Ltd, (October 2017 - March 2020)

Director, Corporate Client Coverage, RHB Bank Singapore Pte. Ltd. (formerly known as DMG & Partners Securities Pte Ltd), (September 2015 - September 2017)

Associate Director, Corporate Finance, RHB Securities Singapore Pte. Ltd. (formerly known as DMG & Partners Securities Pte Ltd), (January 2010 - August 2015)
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
a) 8,750,000 ordinary shares; and
b) 17,500,000 unissued ordinary shares pursuant to the share awards
# 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)
The Medici-Watermark Pte. Ltd.
ECXX Global Pte. Ltd.
Present
Custody Plus 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
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?
No
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
Attended Listed Entity Director (LED) Programme by Singapore Institute of Directors:
LED1 - Listed Entity Director Essentials
LED2 - Board Dynamics
LED3 - Board Performance
LED4 - Stakeholder Engagement

Mr Chong will attend the remaining required courses within one year from his date of appointment.