Change - Announcement of Appointment::Appointment of Independent Non-Executive Director
Issuer & Securities
Issuer/ Manager
FU YU CORPORATION LIMITED
Securities
FU YU CORPORATION LTD - SG1B56010922 - F13
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
29-Jun-2025 17:04:05
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director
Announcement Reference
SG250629OTHR1R3B
Submitted By (Co./ Ind. Name)
Seow Jun Hao David
Designation
Executive Director and Group Chief Executive Officer
Effective Date and Time of the event
27/06/2025 17:00:00
Description (Please provide a detailed description of the event in the box below)
The appointment of Mr Haytham T KH S Al Essa as Independent Non-Executive Director of the Company
Additional Details
Date Of Appointment
27/06/2025
Name Of Person
Haytham T KH S Al Essa
Age
51
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)
Mr Haytham T KH S Al Essa was appointed at the AGM of the Company held on 27 June 2025 by a resolution tabled pursuant to a requisition by Mr Lim Wei De, Victor under Section 183 of the Companies Act 1967 deposited with the Company on 11 March 2025 (the "Requisition"). Pursuant to a request by SGX RegCo on 11 February 2025, the Company appointed Asian Corporate Advisors Pte Ltd ("ACA"), to assess the suitability and independence of the new independent Directors proposed to be appointed pursuant to the Requisition (the "Proposed New IDs").
As announced by the Company on 20 June 2025, ACA had assessed that nothing has come to their attention that the Proposed New IDs may not be deemed suitable to be appointed as independent non-executive directors of the Company. The Board, after having reviewed ACA's assessment, sees no reason to disagree with the assessment.
Whether appointment is executive, and if so, the area of responsibility
No
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director
Professional qualifications
Master of Business Administration, University of Chicago
Bachelor of Science in Business Management, Kuwait 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
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
2010 to 2020
Managing Director
Gunvor Middle East DMCC
January 2021 to October 2021
Director
Fu Yu Corporation Limited
2021
Director
Fu Yu Ventures Pte Ltd
2021
Director
Fu Yu Supply Chain Solutions Pte Ltd
2022 to 2023
Director
Zeenit Supply and Trading DMCC
2024 to February 2025
Director
VINOCAP - FZCO
2021 to February 2025
Director
Long Gamma Pte Ltd
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
1,000,000 shares in Fu Yu Corporation Limited
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)
Fu Yu Corporation Limited - Director
Avantgarde Enterprise Pte Ltd - Director
Zeenit Supply and Trading DMCC - Director
VINOCAP-FZCO - Director
Long Gamma Pte Ltd - Director
Present
NA
(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
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
Mr Haytham T KH S Al Essa was an independent non-executive director of Fu Yu Corporation Limited from 18 January 2021 to 31 October 2021.
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