Change - Announcement of Appointment::Appointment of a new Non-executive and Non-Independent Director

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
23-Feb-2023 19:35:03
Status
New
Announcement Sub Title
Appointment of a new Non-executive and Non-Independent Director
Announcement Reference
SG230223OTHRWDMP
Submitted By (Co./ Ind. Name)
Anthony Loh Sin Hock
Designation
Director and Acting CEO
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of the Company (the "Board") wishes to announce that Mr Theerachai Leenabanchong ("Mr Theerachai") has been appointed as a Non-Executive and Non-Independent Director of the Company with effect from 23 February 2023.

Additional Details

Date Of Appointment
23/02/2023
Name Of Person
Theerachai Leenabanchong
Age
52
Country Of Principal Residence
Thailand
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board, having considered the recommendation of the Nominating Committee and assessed the qualifications and experience of Mr Theerachai, is of the view that he has the requisite experience and capabilities to assume the duties and responsibilities as a Non-Executive and Non-Independent Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Appointment is non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-executive and Non-independent Director
Professional qualifications
Master of Business Administration (MBA)
Assumption University

Bachelor Degree of Business Administration
(Major in Marketing)
Assumption University
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
THAILAND

1. CAPITAL ENGINEERING NETWORK PLC. - 2013 to Present
- Director and Vice Chairman of the Board
- Executive Director

2. SKY TOWER PLC. - 2013 to Present
- Director and Vice Chairman of the Board
- Chairman of Executive Committee
- Chief Executive Officer

3. RAYONG WIRE INDUSTRIES PLC. - 2019 to Present
- Director and Vice Chairman of the Board

4. ULTRA ASIA CO., LTD. 2015 to Present
- Director and Chief Executive Officer

OVERSEAS

1. ULTRA ASIA SINGAPORE PTE. LTD. - 2019 to Present (SINGAPORE)
- Director and Chief Executive Officer

2. SKYTOWERS INFRA INC. - 2020 to Present (PHILIPPINES)
- Director and Chief Executive Officer

3. QROI NETWORK SERVICES INC. - 2022 Present (PHILIPPINES)
Chairman of the Board
Chairman of Executive Committee
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)
None
Present
Sky Tower Plc. (Thailand)
Capital Engineering Network Plc. (Thailand)
Rayong Wire Industries Plc. (Thailand)
Ultra Asia Co., Ltd. (Thailand)
Ultra Asia Singapore Pte. Ltd. (Singapore)
Skytowers Infra Inc. (Philippines)
QROI Network Services Inc. (Philippines)
(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
Mr Theerachai Leenabanchong will be attending training on the roles and responsibilities of a director of a listed issuer.
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. New director will attend training.