Change - Announcement of Appointment::APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR - MR RAYMOND LAM KUO WEI

Issuer & Securities

Issuer/ Manager
ASTI HOLDINGS LIMITED
Securities
ASTI HOLDINGS LIMITED - SG1G77872271 - 575
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
16-Jan-2024 20:28:31
Status
New
Announcement Sub Title
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR - MR RAYMOND LAM KUO WEI
Announcement Reference
SG240116OTHRZ4EC
Submitted By (Co./ Ind. Name)
NG YEW NAM
Designation
EXECUTIVE DIRECTOR
Description (Please provide a detailed description of the event in the box below)
The board of directors of ASTI Holdings Limited wishes to announce the appointment of Mr Raymond Lam Kuo Wei as an Independent Non-Executive Director of the Company with effect from 16 January 2024.

Additional Details

Date Of Appointment
16/01/2024
Name Of Person
RAYMOND LAM KUO WEI
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)
On 15 January 2024, Mr Charlie Jangvijitkul, Dato Sri Mohd Sopiyan B Mohd Rashdi, Mr Theerachai Leenabanchong and Mr Anthony Loh had resigned as Directors of the Company. On the same day, Mr Ng Yew Nam and Mr Soh Pock Kheng were appointed as Directors of the Company ("Current Board").

The appointment of Mr Raymond Lam Kuo Wei as Independent Director has been reviewed and approved by the Current Board after taking into consideration Mr Lam's qualifications, expertise and work experience. The Board is satisfied that Mr Lam has the requisite experience and capabilities to assume the role and responsibilities of Independent 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.)
Independent Director
Professional qualifications
1. Bachelor of Law (Hons), National University of Singapore
2. Advocate & Solicitor of the Supreme Court of Singapore
3. Solicitor, England & Wales
4. Fellow, Chartered Secretaries Institute of Singapore
5. Notary Public & Commissioner for Oaths
6. Associate member, Singapore Institute of Directors
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
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
1. Chief Operating Officer of Drew Network Asia (DNA)
2. Head of Business Development, Drew & Napier LLC
3. Director, Drew & Napier LLC (Corporate Restructuring & Workouts Practice Group)
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)
Wrist Far East (Singapore) Pte. Ltd.
Foursquare Labs Asia Pte. Ltd.
Lumiere Wealth Singapore Pte. Ltd. (struck off)
Providence Bonds Asia Pte. Ltd. (struck off)
Century Stars Management Pte. Ltd.
Maritime Management Services Pte. Ltd.
Libra International Trading Pte. Ltd.
JBSG Pte. Ltd.
GCSG Pte. Ltd.
SingQuest Pte. Ltd. (dissolved MVL)
Antelope Champ Pte. Ltd.
IBS Global Pte. Ltd. (struck off)
LMAX Pte. Ltd.
Janakuasa Pte. Ltd.
Digital Sports Arena International Pte. Ltd. (struck off)
WEGT Pte. Ltd.
Paris Saint-German Football Asia Pacific Private Limited
Navistar Asia Pacific Pte. Ltd. (struck off)
Dragon Eastern Investment Pte. Ltd.
LION_OBCX Capital Asia II Holding Pte. Ltd.
KLDiscovery Ontrack Singapore Pte. Ltd.
Dyas SE Asia Pte. Ltd. (struck off)
Atrium Insurance Agency (Asia) Pte. Ltd. (struck off)
Avery Dennison Group Singapore Pte. Ltd.
Constellation Brands Singapore Pte. Ltd. (struck off)
Tankers Holdings Private Limited (struck off)
lnui Shipping (Singapore) Pte. Ltd. (dissolved MVL)
Princeton Digital Group (Singapore) SG1 Pte. Ltd.
M+W Energy Projects Pte. Ltd. (struck off)
Asia/Pacific Hill International Holdings Pte. Ltd.
Encompass Digital Media (Asia) Pte. Ltd.
Pinecrest Resources Pte. Ltd. (struck off)
Cinarra Systems Pte. Ltd. (dissolved MVL)
Java Energy Elpiji Pte. Ltd.
NVIDIA Singapore Development Pte. Ltd.
Staroyal Ventures Pte. Ltd. (struck off)
24/7 Customer Pte. Ltd. (struck off)
First Solar FE Holdings Pte. Ltd.
First Solar Vietnam Holdings Pte. Ltd.
Megaport (Singapore) Pte. Ltd.
Spring Star Pte. Ltd.
Udacity Asia Pacific Holdings Pte. Ltd.
APC Wind Power Pte. Ltd.
Hawley & Hazel Chemical Company Singapore (Private) Limited
NT-Ware Asia Pte. Ltd.
Radio Frequency Systems (S) Pte. Ltd.
Blazenn Private Limited
LogicMonitor Asia Pacific Pte. Ltd.
APAC Bizinfo Pte. Ltd.
Sunstar Singapore Kyosai-Kai Limited
Silanna Semiconductor Singapore Pte. Ltd.
Silanna Asia Pte. Ltd.
Silanna UV Technologies Pte. Ltd.
8 Cross Street PADREF Investments Ltd.
Datastax Singapore Pte. Ltd.
KOP Surface Products Singapore Pte. Ltd.
Schweitzer Engineering Laboratories Southeast Asia Pte. Ltd.
K&R Global Investments Private Limited
Equities First Holdings Singapore Pte. Ltd.
Drewcorp Services Pte Ltd.
New Relic Singapore Pte. Ltd.
Elasticsearch Pte. Ltd.
STR Global Singapore Private Limited
Eze Castle Integration Singapore, Pte. Ltd.
Polus Tech Pte. Ltd.
Asia China Trading and Investment Pte. Ltd.
Lifeworks (Singapore) Pte. Ltd. (formerly known as Morneau Shepell Pte Ltd)
CT-Corp Investments Singapore Pte. Ltd.
Project Junior Pte. Ltd.
Pan Electrics Pte. Ltd.
Pan Poly Engineering Pte. Ltd.
Golden Lake Investment Private Limited
Atlas Programmed Marine (Singapore) Pte. Ltd. (struck off)
Eagle Constellation Fund (Class C) Pte Ltd. (struck off)
Ridge88 Technologies Pte. Ltd. (struck off)
Roger Vivier Singapore Pte. Ltd.
Tod's Singapore Pte. Limited
Global Ocean Trading Limited (HK)
Sengenics International Pte. Ltd. (struck off)
Pacific Transportation Services Pte. Ltd. (gazetted to be struck off)
Maxmila Pte. Ltd. (struck off)
Finnegan (Singapore) Pte. Ltd. (Dissolved - MVL)
Metsovaara Pte. Ltd. (struck off)
Present
XMH Holdings Ltd.
Nippecraft Limited
Next Generation Holdings Pte. Limited
NG Properties Pte. Limited
North London Collegiate School (Singapore) Pte. Ltd.
Burnaby Ventures Pte. Ltd.
Cambridge Circle Pte. Ltd.
First Tristar Corp. Pte. Ltd.
Manitoba Corporation Pte. Ltd.
Metropolitan Structures Pte. Ltd.
Millbrook Pte. Ltd.
Platinum Resources Pte. Ltd.
Sapientia Prime Pte. Ltd.
Starbright Corporation Pte. Ltd.
Schwarzschild Ventures Pte. Ltd.
Grid Singularity Pte. Ltd.
Barry's Bootcamp Singapore Pte. Ltd.
Marnoc Pte. Ltd.
OnPoint Holdings Pte. Limited
Apexindo International Pte. Ltd.
Quartis Limited (BVI)
Danesun Pte. Ltd.
FLG Holdco Singapore Pte. Ltd.
FLG Holdco 2 Pte. Ltd.
CFYC Holdings Pte. Ltd.
Mikimoto Jewellery (Singapore) Pte. Ltd.
Abaco Pacific Co Ltd (BVI)
Zap Fitness Holdings Pte. Ltd.
URS Equipment Services Pte. Ltd.
Sengenics Corporation Pte. Ltd.
Premier Logistic Pte. Ltd. (fka Cainiao Primera Pte. Ltd.)
Golden Logistic Pte. Ltd. (fka Cainiao Golden Pte. Ltd.)
RL Law LLC
Moonsoonlabs 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?
Yes
If Yes, Please provide details of prior experience
Independent Director of XMH Holdings Ltd. since October 2020
Independent Director of Nippecraft Limited since July 2021
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