Change - Announcement of Appointment::RE-DESIGNATION OF NON-INDEPENDENT NON-EXECUTIVE DIRECTOR TO EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
OIO HOLDINGS LIMITED
Securities
OIO HOLDINGS LIMITED - SGXE73993458 - KUX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
07-Apr-2021 19:06:57
Status
New
Announcement Sub Title
RE-DESIGNATION OF NON-INDEPENDENT NON-EXECUTIVE DIRECTOR TO EXECUTIVE DIRECTOR
Announcement Reference
SG210407OTHRFWYH
Submitted By (Co./ Ind. Name)
Manfred Fan Chee Seng
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr. Joseph Au, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Date Of Appointment
07/04/2021
Name Of Person
Yusaku Mishima
Age
34
Country Of Principal Residence
Japan
Date of last re-appointment (if applicable)
26/06/2020
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee (the "NC") of the Company, having reviewed Mr Yusaku Mishima's educational background, professional qualifications and working experience, is of the view that Mr Yusaku Mishima has the necessary qualifications, working experience and ability to contribute to the Company, and thus recommended to the Board that Mr Yusaku Mishima be re-designated from his existing position as a Non-Independent Non-Executive Director to Executive Director. Due to the current Covid-19 situation, Mr Yusaku Mishima will continue residing in Japan for the time being with an intention to relocate in Singapore as and when the situation improves.

In light of the reasons above and having considered the recommendation of the NC, the Board has approved Mr Yusaku Mishima's re-designation to Executive Director.

Following the above re-designation, Mr Yusaku Mishima will relinquish his role as members of the Audit Committee as well as Remuneration Committee and Nominating Committee of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive. Business development in the blockchain agency and consulting business.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director.
Professional qualifications
In 2006, Mr Yusaku Mishima obtained the International Baccalaureate from United World College of the Adriatic and in 2009, he graduated with a Bachelor of Science in Biochemistry with minor in Economics from McGill 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
Embassy of Japan in Kingdom of Bahrain (2010 - 2012) - Administrative Officer
Daiichi Seiko Co., Ltd. (2013 - 2014) - Marketing Officer
Backoffice Co., Ltd. (2015 - 2018) - Senior Consultant
QRC JP Co., Ltd. (2018 - 2020) - Chief Executive Officer
QRC Pte Ltd (2018 - 2020) - Chief Executive Officer
Infinity Blockchain Labs Limited (2019 - 2020) - Chief Executive Officer
OIO Holdings Limited (2019 - 2021) - Non Independent Non Executive Director
QRC JP Co., Ltd. (2020 - 2021) - IT Consultant
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)
1) QRC JP Co., Ltd.
2) QRC Pte Ltd
3) Infinity Blockchain Labs Limited
Present
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?
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?
Yes
If Yes, Please provide details of prior experience
Non-Independent Non-Executive Director of OIO Holdings Limited from December 2019 to April 2021
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)
N.A.