Change - Announcement of Appointment::Appointment of Executive Director

Issuer & Securities

Issuer/ Manager
ALLIED TECHNOLOGIES LIMITED
Securities
ALLIED TECHNOLOGIES LIMITED - SG1O07910928 - A13
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
13-Jul-2022 23:27:18
Status
New
Announcement Sub Title
Appointment of Executive Director
Announcement Reference
SG220713OTHRBWSY
Submitted By (Co./ Ind. Name)
Ong Lizhen, Daisy (on behalf of the Board)
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Choo Weng Wah ("Mr Choo") as Executive Director of the Company.

This announcement has been reviewed by the Company's sponsor, Stamford Corporate Services Pte Ltd (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 Mr Bernard Lui, Telephone: +65 6389 3000, Email: bernard.lui@morganlewis.com.

Additional Details

Date Of Appointment
13/07/2022
Name Of Person
Choo Weng Wah
Age
40
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)
Following the conclusion of the extraordinary general meeting requisitioned by shareholders Lin Tah Hwa and Low Si Ren, Kenneth held on 13 July 2022, Mr Choo Weng Wah ("Mr Choo") has been appointed as an Executive Director of the Company by the shareholders with effect from 13 July 2022.

The Board of Directors of the Company (the "Board"), having considered the recommendation of the Nominating Committee, and having assessed Mr Choo's qualifications, experience and suitability, is of the view that he has the requisite experience and capabilities to assume the duties and responsibilities as the Executive Director of Allied Technologies Limited (the "Company").

Mr Choo has also confirmed that (i) he will be able to dedicate sufficient time and resources to the Company; and (ii) he will work with the Board of the Company to ensure satisfactory resolution of material findings from the special audit conducted by PricewaterhouseCoopers Risk Services.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr Choo will be in charge of overseeing the Malaysia assets, strategic vision and leading business decision to drive the Company's growth.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Professional qualifications
Bachelor of Science - Sports Science (University Malaya)
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
2013 - 2021: Chief Investment Officer, Caprice Capital (a family-owned private equity fund based out of Malaysia)
2018 - 2021: Investor Relations Manager, Iris Corporation Berhad (secondment)
2011 - 2013: Manager, Private Equity for Maybank Asset Management
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 Choo holds 52,000,000 shares (2.94%) in Allied Technologies Limited.
# 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)
Caprice Development (S) Pte. Ltd. - Chief Investment Officer
Present
MyTech Group Berhad - Executive Director
Myez Discovery Sdn Bhd - Director
Edisi Firma Sdn Bhd - Director
Wire Master Spring Sdn Bhd - Director
SR Marketplace - Director
Sparkliciious Sdn Bhd - Director
Kupon Digital Sdn Bhd - Director
Motive Services Sdn Bhd - Director
Positive Movements Sdn Bhd - Director
Fitness Key Sdn Bhd - Director
Paragon Valet Sdn Bhd - Director
Positive Paragon Sdn Bhd - Director
(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?
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 Choo will also be attending the requisite training courses organized by the Singapore Institute of Directors on the roles and responsibilities as a director of a listed company, including a LED module on ESG - Environmental, Social and Governance Essentials, to meet the mandatory training requirements under Catalist Rule 406 (3)(a) within one (1) year from the date of his appointment.
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