Change - Announcement of Appointment::Appointment of Independent Non-Executive Director - Ling Chung Yee, Roy

Issuer & Securities

Issuer/ Manager
MEMIONTEC HOLDINGS LTD.
Securities
MEMIONTEC HLDGS LTD. - SGXE13155820 - TWL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
19-Jul-2024 17:36:50
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director - Ling Chung Yee, Roy
Announcement Reference
SG240719OTHRSAYN
Submitted By (Co./ Ind. Name)
Tay Kiat Seng
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by Memiontec Holdings Ltd. (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 Ms. Karen Soh, Managing Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Date Of Appointment
22/07/2024
Name Of Person
Ling Chung Yee, Roy
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 Directors of the Company (the "Board") has reviewed and assessed the relevant professional and academic qualifications, working experience, suitability, expertise and independence of Mr Ling Chung Yee, Roy ("Mr Ling"), the diversity of the Board composition, as well as the recommendation of the Nominating Committee ("NC") that Mr Ling be appointed as an Independent Non-Executive Director of the Board of the Company.

The Board is satisfied that Mr Ling has the requisite experience and capabilities to assume the duties and responsibilities as an Independent Non-Executive Director of the Board of the Company, and has approved the appointment of Mr Ling as an Independent Non-Executive Director of the Board of the Company. Mr Ling will also be appointed as the Chairman of the Renumeration Committee ("RC") as well as a member of the Audit Committee ("AC") and the NC.

The Board considers Mr Ling to be independent for the purposes of Rule 704(7) of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist.
Whether appointment is executive, and if so, the area of responsibility
Independent Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director of the Board of the Company, Chairman of the RC as well as a member of the AC and the NC
Professional qualifications
Global EMBA, INSEAD

Chartered Financial Analyst, CFA Institute

BBA (Hons), The 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
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Jan 2021 to Present
CEO & Founder
FollowTrade Pte Ltd

Jan 2011 to Dec 2020
Managing Director
RL Capital Management
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
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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)
Lead Independent Director, Debao Property Development Ltd.

Independent Director, Vingroup JSC

Lead Independent Director, Sino Grandness Food Industry Group Ltd.

Independent Director, Ace Achieve Infocom Ltd.

Director, Dynamic Real Estate Holdings Pte. Ltd.

Director, Derong Real Estate Holdings Pte. Ltd.
Present
Director, FollowTrade Pte. Ltd.

Director, CASE Endowment Fund Governing Board

Independent Director, VinFast Auto Ltd.

Independent Director, Amplefield Ltd.

Lead Independent Director, United Food Holdings Ltd.

Lead Independent Director, Ley Choon Group Holdings Ltd.

Independent Director, Combine Will International Holdings 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?
Yes
If Yes, Please provide full details
Mr Ling has been made to understand that Tap Venture Fund I Pte. Ltd. ("Tap Venture"), a company in which he was an independent non-executive director of from 19 September 2017 to 8 November 2018, is currently undergoing compulsory winding up by way of liquidation. Based on publicly available information, it appears that Tap Venture was in liquidation since 29 September 2020, being within a period of two years from the date he ceased to be a director of Tap Venture. Mr Ling was not aware of the affairs of Tap Venture since his cessation as an independent non-executive director in November 2018.
(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
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
Independent Director, Amplefield Ltd.

Lead Independent Director, United Food Holdings Ltd.

Lead Independent Director, Ley Choon Group Holdings Ltd.

Independent Director, Combine Will International Holdings Ltd.
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