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

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
25-Apr-2025 20:14:44
Status
New
Announcement Sub Title
Announcement of Appointment of Non-Executive Non-Independent Director
Announcement Reference
SG250425OTHRH6E0
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 reviewed 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 ("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 Nathaniel Tan Jing Sheng, ZICO Capital Pte. Ltd., at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Date Of Appointment
26/04/2025
Name Of Person
Chua Siong Kiat
Age
53
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 Chua Siong Kiat ("Mr Chua"), the diversity of the Board composition, as well as the recommendation of the Nominating Committee that Mr Chua be appointed as a Non-Executive Non-Independent Director of the Company.

The Board is satisfied that Mr Chua has the requisite experience and capabilities to assume the duties and responsibilities as a Non-Executive Non-Independent Director of the Company, and has approved the appointment of Mr Chua as a Non-Executive Non-Independent Director of the Company. Mr Chua will also be appointed as a member of the Audit Committee and the Remuneration Committee.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Non-Independent Director, member of the Audit Committee and Remuneration Committee
Professional qualifications
- Master of Business Administration and Diploma of the Imperial College in Management (MBA, DIC) from Imperial College London Business School, University of London

- Fellow Chartered Certified Accountants (FCCA)

- Certified Internal Auditor (CIA), Institute of Internal Auditors

- Fellow Chartered Accountant of Singapore (FCA Singapore)

- Chartered Valuer and Appraiser (CVA)

- Senior Accredited Director by Singapore Institute of Directors (SID)
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
- April 2023 to 25 April 2025
Chief Financial Officer, Memiontec Holdings Limited ("Memiontec")

- November 2015 to Present:
Director of Lighthouse Business Consulting Pte Ltd

- October 2021 to January 2023:
Group Chief Financial Officer, TEE International Limited

- August 2020 to September 2021:
Chief Financial Officer, Wai Fong Construction Pte Ltd

- July 2017 to January 2018:
Appointed Chief Financial Officer (Global Hospitality Trust Project), Amare Investment Management Group Pte Ltd

- March 2016 to July 2017:
Executive Director and Head of Non-Property Business (February 2017 to July 2017), Alternate Director (March 2016 to February 2017) and Interim Group Chief Operating Officer (July 2016 to February 2017), Pacific Star Development Limited (formerly known as LH Group Limited)

- July 2013 to September 2015:
Executive Director (Appointed in November 2013) and Chief Financial Officer of Libra Group Limited
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)
Directorships:
- China Yuanbang Property Holdings Limited
- Nutryfarm International Limited
- JES International Holdings Limited
- Axington Inc.
- Kitchen Culture Holdings Limited (currently known as SDAI Limited)
- China Star Food Group Limited (currently known as Zixin Group Holdings Limited)
- TEE Infrastructure Pte Ltd
- Trans Equatorial Engineering Pte Ltd
- Heatec Jietong Holdings Limited
- MIT Investment Pte. Ltd. (a wholly owned subsidiary of Memiontec)

Other principal commitments:
- National Arthritis Foundation
- Chief Financial Officer of Memiontec
Present
Directorships:
- VCI Global (Singapore) Pte. Ltd.
- Lighthouse Business Consulting Pte Ltd
- Starwork Vision Pte. Ltd.
- Robotic Vision Inc. Pte. Ltd.
- Coolan Group limited (formerly known as New Silkroutes Group Limited)
- UMS Integration Limited
- Ever Glory United Holdings Limited
- VCI Global Limited

Other Principal Commitments
- Nil
(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
Please refer to the attachment.
(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
Please refer to the attachment.
(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
- Non-Executive Independent Director of Heatec Jietong Holdings Limited
- Non-Executive Independent Director of Coolan Group Limited (fka as New Silkroutes Group Limited)
- Non-Executive Lead Independent Director of Ever Glory United Holdings Limited
- Non-Executive Independent Director of UMS Integration 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)
NA

Attachments

Appendix.pdf
Total size =43K