Change - Announcement of Appointment::Re-designation of Mr. Toh Ban Leng, James as Independent Director

Issuer & Securities

Issuer/ Manager
AEM HOLDINGS LTD.
Securities
AEM HOLDINGS LTD - SG1BA1000003 - AWX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Jan-2022 08:41:46
Status
New
Announcement Sub Title
Re-designation of Mr. Toh Ban Leng, James as Independent Director
Announcement Reference
SG220101OTHRCN7J
Submitted By (Co./ Ind. Name)
Leong Sook Han
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Re-designation of Mr. Toh Ban Leng, James as Independent Director.

Additional Details

Date Of Appointment
01/01/2022
Name Of Person
Toh Ban Leng James
Age
57
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors of AEM Holdings Ltd ("AEM"), having reviewed and considered the recent allotment of shares to Venezia Investments Pte. Ltd., Mr. Toh Ban Leng, James's ("James") percentage interest of his shares in the Company having been diluted to below 5% and his independence, has recommended that James be re-designated from his existing position as Non-Executive, Non-Independent Director to an Independent Director and Lead Independent Director of the Company with effect from 1 January 2022.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director
Professional qualifications
Bachelor of Science degree in Physics with electrical engineering from M.I.T. (1986), MBA from the Wharton School, University of Pennsylvania (1993), and Master's degree in Sustainable Building Design from the University of Nottingham, in conjunction with the BCA (2014)
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
James is a co-founder and anchor investor of Novo Tellus PE Fund 1 and Fund 2, which is focused on buyouts of mid-cap technology industrial companies.

James started his career at management consulting firm Booz Allen & Hamilton (1989-90) and subsequently at A.T. Kearney (1994-95), where he focused on strategic planning and operational improvement.

Since 1996, James has been the Managing Director of ACT Holdings Pte Ltd, which is involved in property development and investment in Singapore.
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
Direct interest - 11,000,000
Deemed interest - 1,196,772
# 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)
Please refer to the attached list.
Present
Please refer to the attached list.
(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
AEM Holdings Ltd., 2018 - present

Attachments

James - List of present and past 5 years directorship.pdf
Total size =102K