Change - Announcement of Appointment::Appointment of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
9R LIMITED
Securities
9R LIMITED - SGXE45420721 - 1Y1
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
13-Jun-2024 17:24:26
Status
New
Announcement Sub Title
Appointment of Chief Executive Officer
Announcement Reference
SG240613OTHRBNQB
Submitted By (Co./ Ind. Name)
Lai Kuan Loong, Victor
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Khoo Kai Yang as Chief Executive Officer ("CEO") of 9R Limited.

This announcement has been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (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 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. Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957 telephone (65) 6590 6881.

Additional Details

Date Of Appointment
15/06/2024
Name Of Person
Khoo Kai Yang
Age
33
Country Of Principal Residence
Malaysia
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
As part of the Group's internal restructuring, Mr Khoo Kai Yang has been appointed CEO of 9R Limited (the "Company"). Mr Khoo was appointed as CEO of the wholly owned subsidiary of the Company, 9R Leisure Sdn. Bhd. on 6 February 2024.

The appointment of Mr Khoo as CEO of the Company has been recommended by the Nominating Committee of the Company and approved by the Board of Directors of the Company ("Board") after taking into consideration Mr Khoo's qualifications, expertise and work experience. The Board is satisfied that Mr Khoo has the requisite experience and capabilities to assume the role and responsibilities of CEO of the Company.
Whether appointment is executive, and if so, the area of responsibility
This is an executive appointment and Mr Khoo is responsible for overseeing the overall management, operations and setting of corporate strategies of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
CEO of 9R Limited
Professional qualifications
Bachelor of Accounting
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
Mr Khoo is the CEO of the wholly owned subsidiary of the Company, 9R Leisure Sdn. Bhd. Mr Khoo is also a substantial shareholder of the Company.
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
Feb 2024 - Current:
9R Leisure Sdn. Bhd. - CEO

Jan 2020 - Current:
Body Power Sdn. Bhd. - Director

Jan 2020 - Jan 2024:
Body Power Sdn. Bhd. - Chief Executive Officer

Oct 2020 - Jun 2021:
TOGL Technology Sdn. Bhd. - External Investment & Operation Manager

Jan 2018 - Oct 2020:
TOGL Technology Sdn. Bhd. - Personal Assistant

Jan 2016 - Dec 2017:
Toga Capital Sdn. Bhd. - Personal Assistant

May 2015 - Aug 2015:
Mbit Engineering Sdn. Bhd. - Marketing Executive

Feb 2014 - Jul 2014:
Ernst & Young LLP - Vocational Trainee
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 Khoo is the sole shareholder of Body Power Sdn. Bhd. ("Body Power"), which holds 112,665,044 shares of the Company. Body Power's wholly owned subsidiary, Grand Surf Sdn. Bhd., holds 1,484,500 shares of the Company. Accordingly, Mr Khoo is deemed interested in 114,149,544 shares of the Company (representing 10.57% of the share capital of the Company).
# 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)
IT4LIFE Sdn Bhd.
Tinnolab Sdn. Bhd.
Grand Surf Sdn. Bhd.
Sophistech Advance Sdn. Bhd.
Free Store Holding Sdn. Bhd.
Free Store (Empire Damansara) Sdn. Bhd.
Bottomless Sdn. Bhd
Present
Body Power Sdn. Bhd.
Booming Gain Sdn. Bhd.
Lavish Pearl Sdn. Bhd.
Sunlight Ventures Sdn. Bhd.
Red Box 1st Avenue Sdn. Bhd. (formerly known as Premier Sonata Sdn. Bhd.)
Lovely Pyramid Sdn. Bhd.
Cheer Bonanza Sdn. Bhd.
Compact Sensation Sdn. Bhd.
Ruby Leisure Berhad
Majestic Glory Sdn. Bhd.
(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
Yes
If Yes, Please provide full details
Mr Khoo is a director of certain entities operating in the family karaoke and entertainment business which may from time to time be subject to various public or non-public regulatory actions that have different degrees of materiality. These can vary from regulatory requests for information as part of normal supervisory activity to formal regulatory penalties. To the best of Mr Khoo's knowledge, none of these actions which occurred are material.
(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
Not Applicable
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