Change - Announcement of Appointment::Announcement on Promotion

Issuer & Securities

Issuer/ Manager
BANYAN TREE HOLDINGS LIMITED
Securities
BANYAN TREE HOLDINGS LIMITED - SG1T49930665 - B58
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
13-Aug-2024 18:17:29
Status
New
Announcement Sub Title
Announcement on Promotion
Announcement Reference
SG240813OTHR6XN1
Submitted By (Co./ Ind. Name)
Tan Min Hai Edmund
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Promotion of Key Management Personnel who is a relative of a director or chief executive officer or substantial shareholder of the issuer to a managerial position in the issuer or any of its principal subsidiaries.

Promotion of Key Management Personnel, Ms Ho Ren Yung, from Senior Vice President to Deputy Chief Executive Officer.

Additional Details

Date Of Appointment
13/08/2024
Name Of Person
Ho Ren Yung
Age
38
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, having reviewed the skills set, performance and contribution of Ms Ho Ren Yung, had recommended to the Board on her promotion as the Company s Deputy Chief Executive Officer.
Whether appointment is executive, and if so, the area of responsibility
Executive. As Deputy Chief Executive Officer, Ms Ho Ren Yung leads Brand & Commercial, Brand Management, Design, Human Capital, Wellbeing and Sustainability directly, with secondary oversight on Gallery and Learning and Development. Ms Ho will work across all functions to develop and implement strategic change initiatives that enhance the company's core competitive drivers. Her role will provide leadership and direction to senior management, ensuring alignment of all departments with the company's vision, mission and strategic goals.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Deputy Chief Executive Officer
Professional qualifications
Bachelor of Science in Sociology and Economic Development, the London School of Economics
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
Ms Ho Ren Yung is the daughter of Mr Ho KwonPing, the Executive Chairman of Banyan Tree Holdings Limited (BTH)
and Ms Claire Chiang, SVP of BTH, the sister of Mr Ho Ren Hua, a director of BTH, and the niece of Mr Ho KwonCjan, SVP of BTH.
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Hospitality, Retail, Spa & Wellbeing, eCommerce, Brand, Governance, Social Entrepreneurship, Sustainability, Community Organisation
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
Deemed interest of 3,155,781 ordinary shares in BTH held by Raffles Nominees (Pte) Ltd acting as nominee for RY Ltd.) and Credit Suisse (Singapore) Nominees Pte Ltd (acting as nominee for Dawina Investment Ltd.)
# 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)
N.A.
Present
Banyan Tree Global Foundation Limited
Bibace Management Company Limited
ICD (HK) Limited
KPCC Management Company Limited
Mamaboss Pte. Ltd.
RY 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
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
N.A.
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)
N.A. (Directorship experience on Laguna Resorts & Hotels Public Company Limited and Thai Wah Public Company Limited)