Change - Announcement of Appointment::Appointment of Executive Director and Chief Operating Officer - Mr. Justin Lam

Issuer & Securities

Issuer/ Manager
SINOCLOUD GROUP LIMITED
Securities
SINOCLOUD GROUP LIMITED - BMG8191N1048 - 5EK
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
12-Aug-2021 17:22:13
Status
New
Announcement Sub Title
Appointment of Executive Director and Chief Operating Officer - Mr. Justin Lam
Announcement Reference
SG210812OTHRD4BS
Submitted By (Co./ Ind. Name)
Chan Andrew Wai Men
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by SinoCloud Group Limited (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. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte.
Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.

Additional Details

Date Of Appointment
12/08/2021
Name Of Person
Lam Chun Hei, Justin
Age
26
Country Of Principal Residence
Hong Kong
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee of the Company (the "NC") has assessed the appointment of Mr. Lam Chun Hei, Justin ("Mr. Lam") as an Executive Director and Chief Operating Officer ("COO") of the Company.

During the nomination process, the NC has taken into account Mr. Lam's qualification, experience in business planning, as well as his performance as Business Development Manager of the Company since April 2021.

The board of directors ("Board") of the Company, with recommendation of the NC, is of the view that Mr. Lam's appointment as an Executive Director and COO will inject new energy into the management team.
Whether appointment is executive, and if so, the area of responsibility
Executive, to oversee the Group's operating activities as well as to assist the Executive Chairman of the Company in the overall strategic planning and investment strategies of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Operating Officer
Professional qualifications
Nil
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
Son of Lam Cho Ying Terence Joe, the controlling shareholder of the Company
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
April 2021 to current
SinoCloud Group Limited as Business Development Manager

January 2020 to current
Alternus Capital Holdings Limited as Business Development Associate

July 2021 to current
ES Concept (F&B) Company Limited as Business Development Associate

January 2018 to November 2019
Wantune (HK) Limited as Operation Manager

2017-2021
Co-Founder of EC Motor 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?
Yes
Shareholding Details
Mr Lam has interest in 581,442,750 shares in the capital of the Company, representing approximately 3.66% of the Company.
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)
Nil
Present
SinoCloud Group (HK) Limited
SinoCloud 01 (HK) Limited
SinoCloud 02 (HK) Limited
SinoCloud 03 (HK) Limited
SinoCloud 01 Limited
SinoCloud Asset Management Limited
SinoCloud Asset Management Company Limited
SinoCloud Investment Holdings Limited
(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?
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. Lam will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange.