Change - Announcement of Appointment::Appointment of Non-Executive and Independent Director

Issuer & Securities

Issuer/ Manager
EUROSPORTS GLOBAL LIMITED
Securities
EUROSPORTS GLOBAL LIMITED - SG2G55000001 - 5G1
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
03-Oct-2022 19:38:54
Status
New
Announcement Sub Title
Appointment of Non-Executive and Independent Director
Announcement Reference
SG221003OTHRWX1C
Submitted By (Co./ Ind. Name)
Goh Kim San
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Anthony Ang Meng Huat as Non-Executive and Independent Director.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor,
RHT Capital Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST").

This announcement has not been examined or approved by 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 Mah How Soon, Registered Professional, 6 Raffles Quay, #24-02, Singapore 048580, sponsor@rhtgoc.com.

Additional Details

Date Of Appointment
03/10/2022
Name Of Person
Anthony Ang Meng Huat
Age
67
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 Board, having considered the recommendation of the Nominating Committee ("NC") and assessed Mr Anthony Ang Meng Huat's ("Mr Ang") qualifications, credentials, experience and independence, approved the appointment of Mr Ang as a Non-Executive and Independent Director ("NEID") of the Company with effect from 3 October 2022. Mr Ang will also be appointed as a member of Audit Committee ("AC"), NC and Remuneration Committee ("RC") with effect from 3 October 2022. The Board is of the view that Mr Ang's experience would provide further diversity to the core competencies and enhance skill set of the Board.

The Board had also considered Mr Ang to be independent for the purpose of Rule 704(7) of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist and approved the appointment of Mr Ang as NEID.

Consequent to Mr Ng Tiak Soon's retirement as Non-Executive and Lead Independent Director, Chairman of AC and member of the RC and NC of the Company on 31 October 2022, Mr Ang will be redesignated from member of the AC to Chairman of AC of the Company with effect from 1 November 2022. He will remain as member of RC and NC.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
NEID, member of AC, NC and RC with effect from 3 October 2022.

NEID, Chairman of AC and member of NC and RC with effect from 1 November 2022.
Professional qualifications
1. Master of Business Administration from INSEAD, France
2. International Directorship Programme Certificate from INSEAD, France
3. Bachelor of Science (Mechanical Engineering) with First Class Honours from the Imperial College of Science and Technology, United Kingdom.
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)
Nil
Working experience and occupation(s) during the past 10 years
Ministry of Foreign Affairs (November 2018 to Present) Ambassador Extraordinary and Plenipotentiary of the Republic of Singapore to the Republic of Tunisia
Sasseur Asset Management Pte Ltd (March 2017 to July 2021) Chief Executive Officer
ARA Asset Management (Fortune) Pte Ltd, the manager of Fortune REIT (March 2010 to December 2016) Executive Director
ARA Asset Management (Fortune) Pte Ltd, the manager of Fortune REIT (March 2010 to January 2015) Chief Executive Officer, Executive Director
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
# 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)
1. IPS Securex Holdings Limited
2. SYW Pte. Ltd.
3. ARA Asset Management (Fortune) Limited
4. Europtronic Group Ltd
5. Majulah Connection Limited
6. Sasseur Bishan HK Limited
7. Sasseur Hefei HK Limited
8. Sasseur Jinan HK Limited
9. Hong Sun Group Development Limited
10. Sasseur Singapore Holdings Pte. Ltd.
11. Sasseur Bishan (BVI) Limited
12. Sasseur Hefei Limited
13. Sasseur Jinan Limited
14. Sasseur Asset Management Pte. Ltd.
15. 3J Capital Pte. Ltd.
16. Hi-Sin Overseas Investment Pte Ltd
17. Majulah Incubator Pte. Ltd.
18. MC Advisors Private Limited
19. OFEX Asia Pte. Ltd.
20. Phoenix Properties Pte. Ltd.
21. Ei-Netx Limited
22. Jadeline Capital Sdn. Bhd.
23. Imperiale Investment Company Limited
Present
1. Better World Asset Management Ltd.
2. Sinospring Venture Ltd.
3. Seascape Investments Pte. Ltd.
4. Singapore Digital Exchange Pte. Ltd.
5. RV SG Pte. Ltd.
6. Heatec Jietong Holdings Ltd.
7. Yong Tai Berhad
8. Imperiale Investment Company Limited
9. New Majulah Connection
10. Global Star Acquisition Inc
11. Non-Resident Ambassador of the Republic of Singapore to the Republic of Tunisia, Ministry of Foreign Affairs
12. GCIC Ltd.
13. ITE Education Service Pte Ltd
14. Truufin 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
Yes
If Yes, Please provide full details
Mr Ang was an Independent Director and Chairman of the Audit Committee of E3 Holdings Ltd. ("E3") before it was delisted from the SGX-ST on 31 May 2011. In 2008, the Audit Committee of E3 (spearheaded by Mr Ang, who was the Chairman of the Audit Committee of E3) commissioned a special audit due to suspected fraud for investments in the People's Republic of China.

Following the findings, the SGX-ST conducted a review of the matters and issued a reprimand against six of its directors for breaches of the SGX-ST listing rules and failures of corporate governance. Please refer also the announcements by E3 dated 9 February 2010, 30 April 2010, 20 May 2010, 14 June 2010, 16 January 2011, 13 April 2011, 17 April 2011 and 6 May 2011 for more details.

For the avoidance of doubt, Mr Ang was not the subject of the reprimand issued by the SGX-ST.
(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
Mr Ang is currently an Independent Director of Heatec Jietong Holdings Ltd and Yong Tai Berhad.

Previously held directorships in SGX-ST listed companies, namely, IPS Securex Holdings Limited, ARA Asset Management (Fortune) Limited, Europtronic Group Ltd, Armstrong Industrial Corporation Limited and E3 Holdings Ltd.
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.