Change - Announcement of Appointment::Appointment of Deputy Chief Executive Officer and Executive Director

Issuer & Securities

Issuer/ Manager
TEE INTERNATIONAL LIMITED
Securities
TEE INTERNATIONAL LIMITED - SG2C64965297 - M1Z
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
20-Dec-2023 23:29:46
Status
New
Announcement Sub Title
Appointment of Deputy Chief Executive Officer and Executive Director
Announcement Reference
SG231220OTHRQ6DZ
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Deputy Chief Executive Officer and Executive Director

Additional Details

Date Of Appointment
20/12/2023
Name Of Person
Zheng Le
Age
40
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 Nominating Committee of the Company, having reviewed and considered Mr Zheng's qualifications and work experience, are of the view that Mr Zheng possesses the requisite experience and capabilities to assume the responsibilities as the Deputy Chief Executive Officer and Executive Director of the Company.

Accordingly, the Nominating Committee has recommended, and the Board has approved, the appointment of Mr Zheng as Deputy Chief Executive Officer and Executive Director.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive. Mr Zheng is responsible for collaborating with the Chief Executive Officer and Management to formulate and execute strategic plans for the Group. Mr Zheng will play a key role in the Company's restructuring initiative, focusing on improving operational efficiency and optimising resource allocation. Additionally, Mr Zheng will take the lead in corporate development initiatives to identify and pursue new business opportunities for the Company.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Deputy Chief Executive Officer and Executive Director
Professional qualifications
Bachelor in Plant Pathology - China Agricultural University, China
Master in Taxation - Bournemouth University, UK
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
N.A.
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
Mr Zheng is the managing director of a Singapore investment company Meta5 Pte. Ltd.. He is also the director and founding CEO of Impunity Esports Pte. Ltd. ("Impunity Esports"), a regional esports and entertainment start-up company. Before founding Impunity Esports, Mr Zheng worked at a local investment company Orientivity Capital Pte. Ltd. as managing director since 2015. Prior to that, Mr Zheng was an executive director and fund manager at 3V SourceOne Capital Pte. Ltd., a Singapore-based Registered Fund Management Company (RFMC) during 2011-2015.
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
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)
-
Present
Impunity Esports Pte. Ltd.
Meta5 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?
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 Zheng will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange in the first half of 2024.