Change - Announcement of Appointment::Appointment of Interim Chief Executive Officer of the Company

Issuer & Securities

Issuer/ Manager
NO SIGNBOARD HOLDINGS LTD
Securities
NO SIGNBOARD HOLDINGS LTD. - SG1EA9000009 - 1G6
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
10-Oct-2023 21:52:40
Status
New
Announcement Sub Title
Appointment of Interim Chief Executive Officer of the Company
Announcement Reference
SG231010OTHRS97W
Submitted By (Co./ Ind. Name)
Lim Teck-Ean
Designation
Executive
Description (Please provide a detailed description of the event in the box below)
Pls refer to attached for details

Additional Details

Date Of Appointment
10/10/2023
Name Of Person
Lim Teck-Ean
Age
48
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)
The current Executive Chairman and Chief Executive Officer ("CEO"), Mr Sam Lim Yong Sim ("Mr Sam Lim") had been charged with share price rigging offences under the Securities and Futures Act 2001 of Singapore (the "SFA"). As such, the Board has put Mr Sam Lim on a leave of absence which involves a suspension of all his executive duties, pending resolution of the proceedings relating to the Charges.

In view of the suspension, the Nominating Committee ("NC") has recommended the appointment of Mr Lim Teck-Ean ("Mr Lim") as interim CEO.

Mr Lim is currently a Non-Executive Director of the Company.

The Board of Directors, having reviewed and considered Mr Lim's educational and professional qualification, working experience, capabilities and ability to contribute to the Company and other relevant factors, approved the appointment of Mr Lim as interim Chief Executive Officer of the Company and re-designation as Executive Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive and Mr Lim shall be responsible for the Group s strategic direction, corporate development and planning and investor relations.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Interim Chief Executive Officer and Executive Director
Professional qualifications
University of Sydney Bachelor of Commerce (Accounting & Finance)

University of Nottingham Bachelor of Laws
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
Yes. Mr Lim is currently the non-independent, non-executive director of the Company. In relation to the proposed investment under the non-binding MOU where Gazelle Ventures Pte. Ltd. ("Gazelle") is expected to hold 75% shareholding interest in the enlarged share capital of the Company upon completion of the Proposed Investment by Gazelle, as set out in the Company's circular dated 8 November 2022, Mr Lim is one of the beneficial owners of Gazelle. Mr Lim has stepped down as CEO of Gazelle to take on the role as Interim CEO and Executive Director of the Company.
Conflict of interests (including any competing business)
No. Should any conflict-related matters arise, Mr Lim will abstain from discussions and voting on these matters.
Working experience and occupation(s) during the past 10 years
2016 - 2023
Gazelle Ventures Pte Ltd CEO

2011 - 2014
GRP Limited Director, Business Development
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
In relation to the proposed investment under the non-binding MOU where Gazelle Ventures Pte. Ltd. ("Gazelle") is expected to hold 75% shareholding interest in the enlarged share capital of the Company upon completion of the Proposed Investment by Gazelle, as set out in the Company's circular dated 8 November 2022, Mr Lim is one of the beneficial owners of Gazelle.
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)
Icon Consulting Holdings Pte Ltd
Region Supplied Sdn Bhd
Present
GCAP Risa Pte Ltd, Singapore
GCAP JV Investments Pte Ltd
GCAP Biomass (Private) Limited, Sri Lanka
GCAP Renewable Energy (Private) Limited, Sri Lanka
R3 Investments Pte Ltd, Singapore
Gazelle Ventures Pte Ltd
Renewable Power Australia Limited
GCAP Developments Pty Ltd, Australia
GCAP Australia Investments Pty Ltd, Australia
Gazelle Asset Management Pte Ltd
Gazelle Real Estate Pte Ltd
Gazelle Acres Pte Ltd
Gazelle Land Pte Ltd
GCAP Investments Pte Ltd
Gazelle Capital Pte Ltd
(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
2011 - 2014
GRP Limited Director, Business Development

2022 - present
No Signboard Holdings Ltd Non-Executive Director